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NEW DELHI, 16th June 2016: On Thursday, Tata Metaliks took a beating after hitting its upper circuit limit for eleventh consecutive sessions to Wednesday and zipping past the Rs. 400 mark from a 2016 low of Rs. 78 in just 4 months. Since the 12th of February, the stock has zoomed five-fold or 410% against a 17% rise in the BSE 500 index. A few analysts see speculative hands behind the rally while oth
To provide a major boost to startups, State Bank of India has announced a dedicated IT Innovation Startup Fund of Rs 200-crore. This fund aims to provide maximum assistance for Rs 3 crores to companies which are registered in India and are willing to promote their business innovations using IT in the banking and related technology space. Announcing this at the banking tech summit of CII in Mumbai on Thursday, the Chairperson of SBI Arundhati Bhattacharya spoke of startups as an important
Jindal Steel and Power Ltd (JSPL) has sought nod from the shareholders' on two points. The first is to divest 1,000 mega watt (MW) power plant of a subsidiary company and the second is to sale its 920 Mega Watts captive power plants. A postal ballot notice by Jindal Steel and Power Ltd was filed which sought the consent of the members in regards to divest the 1,000 Mw power plant of the subsidiary company namely Jindal Power Ltd to JSW Energy Ltd which is a related party through a process of scheme or
Mumbai: Larsen & Toubro's ancillary L&T Hydrocarbon Engineering has bagged orders worth Rs. 1,170 crore, the engineering major said on Friday. The orders encapsulate a Rs 355 crore-turnkey contract from IOC - Indian Oil Corporation for a coke drum system package of 1.7 mmtpa delayed coker unit at the state-run company's Haldia Refinery in West Bengal. Larsen and Toubro also bagged orders from Reliance In
V-Guard share price got a boost of over 11 per cent on Friday 17th June 2016, after the Kochi-based Company's board approved a proposal of 1: 10 stock split. V-Guard Industries is the manufacturer of consumer electric goods such as stabilizers, fans, LED lights and other. In a filing to the Bombay Stock Exchange V-Guard Industries announced that the Company's Board of directors in their meeting which was held on Thursday, the 16th June, 2016 has considere
Infosys, founded in 1981 by seven engineers, till date is India's most successful startup. The Bengaluru based software services company has a market value of nearly 42 billion dollars. Over the last few years, people who built Infosys have been investing in startups and entrepreneurs seeking to imitate their success. Not just the founders alone but some of the senior alumni have also taken to the startup game. Together t
Days after Tata Power announced that it will buy Welspun Renewable Energy at an enterprise value of Rs 9,249 crores; Moody's Investors Service (Moody's Corporate Family Ratings) has revised to negative from stable the outlook on the Ba3 corporate family rating and senior unsecured rating of Tata Power. Moody's Corporate Family Ratings (CFRs) are long-term ratings which reflect the relative likelihood of a default on a corporate family's debt as well as debt-like obligations and the expecte
On 16th June 2016, Alstom T&D India said that market regulator SEBI has allowed it to sell 42,565 shares to maintain the minimum public shareholding requirement. In a filing to the Bombay Stock Exchange, the Stock Exchange Board of India (SEBI) has allowed promoters of the Company to sell up to 42,565 equity shares on floor of stock exchanges to maintain the compliance with minimum public shareholding requirement. According to this statement, the US-based General
Reliance Communications (RCom) and Aircel are likely to complete the merger of their wireless operations by the end of this month, a Reliance Group official said last week. The investors are losing patience. The companies had begun discussions about 6 months ago, and RCom shares have fallen by 45 per cent since then. In the time being, RCom's competitive position has considerably degraded, and threatens to fall further due to
NCC was formerly known as Nagarjuna Construction Company, they are not just Construction Company even they are also involve in infrastructure project. The company has come up as a leading brand with Realty, international business and BOT. NCC Group NCC Urban
