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Max Financial Services shares rallied nearly 19% on Friday after a media report conjectured that the insurer is planning to merge with HDFC Life. Max Financial Services holds 68% stake in Max Life. As per The Economic Times, a merger between Max Life and HDFC Life shall create India's biggest private life insurer. HDFC Life's board shall meet on Friday to discuss on the proposal, the report added. Both the companies declined to comment on the story. As p
Intellect Design's iGTB division, world's first comprehensive global transaction banking solution, made an announcement today that Euro Exim Bank, the specialist in trade finance, is to implement DDIQ - the most advanced due diligence tool for compliance. Delivered by iGTB, the solution's combination of intelligent interpretation and automation will significantly improve Euro Exim Bank's due diligence and KYC - Know Your Customer processes. Incorporating natural-l
On Thursday Tata Motors said that a fire broke out at a unit of one of its vendor partners in the Sanand manufacturing facility of the Company that rolls out Tata Nano as well as the recently introduced hatchback Tiago models. In a statement to the media a Tata Motors spokesperson said that a Tata Motors spokesperson said that a fire broke out at the vendor park of M/S Supreme Treaves which is the supplier of trim parts for the Tata Nano. The fire was controlled a
Nifty selling pressure may subside if Nifty trades above 8240. FII and Pro are still on the sell side of the market. Stock Market Today by Shailesh Saraf.
BPCL Share Price gained almost 2 per cent on Thursday (10th June 2016) after the Reserve Bank of India (RBI) allowed the foreign investors to raise their holdings in the company to up to 49 per cent. The stock price went up by 1.90 per cent to reach at Rs 998.70 on Bombay Stock Exchange. Intra-day, it rose by 2.54 per cent to touch the price of Rs 1,005 (10th June 2016).
Coal India is a maharatna company is a single largest coal producer in the world. Company operates through 81 mining areas it is a body with 7 wholly owned coal producing subsidiaries. Coal India produces around 81.1% of overall coal in India. 82 out of 86 thermal power plants are dependent on the company. Products & Services of Coal India
NCC is hoping to receive fresh orders worth Rs.1000 crore in FY17, with a plan on increasing the number of road projects, says the company's Executive Vice President - Finance YD Murthy. In an interview with CNBC-TV18, YD Murthy said that NCC is bidding not merely for NHAI orders but also road projects at state level. The company would be looking at hybrid models of BOT- build-operate-transfer projects, he added. This fiscal, Murthy also expects their international business t
Deepak Fertilizers Share Price surged over 7 per cent in an early trade on Tuesday (14th June, 2016) after the Ministry of Chemicals and Fertilizers agreed to release about Rs 485 crores in lieu to the outstanding subsidy payments to the company. The share price gained 7.78 per cent to Rs 166.85 on the Bombay Stock Exchange in the morning trade (14th June, 2016).
Indian Market Outlook High drama unfolded in the Indian markets today even as Rising Volatility spurred panic amongst the Nifty share price bulls. Markets opened at 8195 in the morning and gave up much of its gains before making a low of 8085 midway through the day's trade. The Japanese Nikkei on the other hand sounded alarm bells in the early hours after The BOJ maintained status quo on its interest rate policy sending the Y
Bharti Infratel Share Price declined over 4 per cent as the the company's Shareholders approved the proposal to buy back shares. Bharti Infratel announced that it will buy back fully paid up equity shares of the company which will amount to Rs 2,000 crores from its existing shareholders on proportionate basis through the tender offer process. As informed by Bharti Infratel to the stock exchanges
