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Indian Market Outlook The bulls took the bears by surprise on a day when markets were riding high on Brexit bets. The benchmark Nifty share price opened at 8105 followed by sharp upward moves that left the sellers on the back foot. The market however is not clear of the potential danger that rests on the outcome of the Brexit referendum. News of a massive SBI merger approved by the cabinet, pumped up sentiments in the banking space. SBI subsidiaries rallied almost 12%-14% in the af
CLSA, Credit Lyonnais Securities Asia, has upgraded Vedanta to buy from sell with an increased target price of Rs 150 from Rs 70 per share. CLSA has also upgraded Financial Year 2017-18 EBITDA by 5-7 per cent with an estimate of 18/45 per cent EBITDA/EPS CAGR over Financial Year 2016-19, factoring in higher aluminium/power volumes, lower aluminium costs and higher zinc prices. With this news in the market, shares of Vedanta jumped 3 per cent in early trade Friday, 10th June 2016.
Shares of India's largest telecommunications company Bharti Airtel jumped as much as 2.68% to hit intraday high of Rs. 351.85 after it joined hands with Singapore Telecommunications or Singtel to provide high-speed data network coverage across 325 cities in the Africa, Asia-Pacific, Europe, the Middle-East and the US under one single network. Singapore Telecommunications' 200 points of presence or PoPs in 160 cities around the globe and Bharti Airtel's over 170-plus PoPs or points of p
ABOUT THE COMPANY Founded in 1942, Asian Paints, India's largest, 2nd largest in Asia and 11th largest in the World, is paint producing company. They have operations in 19 countries and have 26 paint manufacturing facilities across the globe and serves consumers in over 65 countries. It is the market leader in paints since 1967 and is twice the size of any other pain
Oil and Natural Gas Corporation (ONGC) shares rose nearly 1% to extend their gains for the 4th straight day, tracking the rising trend in worldwide crude prices. Including the 4th session, ONGC shares are up over 4% in last 4 sessions, outperforming the Nifty, which remains unchanged. Crude oil prices have almost doubled since hitting decade lows in early months of 2016 as strong demand and supply disruptions erode a surplus that had pulled prices down by as much as 7
The leading provider of digital solutions, software and infrastructure services, Zensar Technologies, announced in a filing to the National Stock Exchange, amultimillion multi-year Managed Services Deal with John Lewis. John Lewis is UK's largest department store retailer. Zensar has been in a partnership with John Lewis through its business transformation process with next gen applications management solutions for many years now. As a part of this agreement that is spread over a period of fi
New Delhi, 13th June, 2016: Satin Creditcare Network Ltd. (SCNL) has raised Rs.25 crore by issuing NCRCPS' - Non-convertible, Redeemable, Cumulative, Preference Shares to Karvy Capital Ltd. IFMR Capital executed private placement of CARE BBB rated preference shares at coupon of 12.10 percent per annum and redeemable after around 5 years. The proceeds from the issuance shall be used for company's growth and working capital.
Wockhardt is an India-based, global pharmaceutical and biotechnology organisation, providing high-quality, affordable medicines aiming at making the world healthier. It is India's leading research based global healthcare enterprise operating in the field of biotechnology, pharmaceuticals and a chain of modern, advanced Super Speciality Hospitals. Wockhardt is an Indian multinational company with a multi-ethnic workforce of 8600 Wockhardt Associates from 21 odd countries glo
Bharat Heavy Electricals Limited, with the aim of continuing its project commissioning momentum, has successfully commissioned another 195 MW thermal unit in Bihar, the Company said in a filing to NSE on 14th June, 2016. This is the second 195 Mega Watts unit which has been commissioned by the Company at the 2x195 Mega Watts Muzaffarpur Thermal Power Station (TPS) Stage-II of Kanti Bijlee Utpadan Nigam Limited (KBUNL) which is a joint venture of NTPC Limited and BSPGCL, in Bihar.
One of the fastest growing infrastructure company of the country, Marg faced a upper circuit on 8th June 2016. Marg shares were locked at 20 percent upper circuit at Rs 10.69 on Wednesday when a report from the media suggested that Shapoorji Pallonji group might be interested in picking up 51 per cent stake in company's subsidiary. Buy orders of 221,607 shares were pending, with no sellers available at 13:07 hours IST. The media report that created such a havoc impact on the Comp