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Welspun Enterprisesshare Price recorded a surge of nearly 11 per cent on Monday when its investee company, Welspun Energy signed a share purchase agreement with Tata Power Renewable Energy with the aim of selling its renewable energy arm, Welspun Renewable Energy Pvt Ltd (WREPL) for an undisclosed amount. Welspun Enterprises has a hold of 15.49 per cent stake in Welspun Energy. In a release to Bombay Stock Exchange on Monday
National, 14 June, 2016: Tata Power's nationwide energy and resource conservation movement Club Enerji, has been tediously spreading awareness about conservation of resources across the nation, through its theme of national building. Along with this, Club Enerji has successfully achieved an important milestone of saving 17.25 million units of electricity by sensitizing more than 12.8 million citizens across a total of 11 locations in Delhi, Mumbai, Kolkata, Ahmedabad, Pune, Lonavla, Bangalore, Maithon, Jamshedpur, Be
New Delhi, 14th June, 2016: Bharti Airtel (Airtel), one of India's largest telecommunications service provider, made an announcement today about a new initiative termed as Open Network under Project Leap - national network transformation initiative. In paradigm shift, Airtel through an interactive online interface makes public its entire network coverage information; asks the customers for feedback so that they can improve their network.
NIFTY to experience selloff as FII sold Index Futures. Pressure would be there as markets await FED policy meet. Stock Market Today by Shailesh Saraf.
In a filing to national Stock Exchange on 14th June 2016 at 11:08 hours, Ajanta Pharma announced the launch of anti-dementia Memantine Hydrochloride tablets in the US market. In the filing, Ajanta Pharma announced "the launch of Memantine Hydrochloride tablets in the US market through its wholly-owned subsidiary Ajanta Pharma USA Inc". Memantine Hydrochloride tablets are anti-dementi
Ashok Leyland is a part of the multi-billion dollar Hinduja Group. The group is engaged in Investment Banking, International Trading and Global Investments. The company manufactures commercial vehicles and ranks 2nd in India; they also manufacture buses and are the 4th largest in the world. In manufacturing trucks they are the 16th largest in the world. They have footprints in over 50 countries and headquartered in Chennai. They have Joint Vent
Ramco Systems, which is a leading enterprise software company focusing on enterprise cloud platform, products and services today announced, in a filing to NSE at 10:48 hours, that its Managed Payroll Services has successfully gone live at MakeMyTrip which is lndia's leading online travel company. With this new Managed Payroll Services platform from Ramco, MakeMyTrip can now derive benefits of a unified payroll processing system to effectively as well as efficiently handle operations of its 1600 plus employe
Indian Market Outlook India's Nifty continued to be influenced by the outcome of the BREXIT opinion polls even as the Pound remained shaky in the run up to the penultimate day of the polls. The Pound sterling witnessed selling pressure even as it broke its PDL levels of 1.4116 and registered fresh lows of 1.4113. The selling in the currency spilled over to global indices, triggering fresh uncertainties' in the Indian market which witnessed a new high in its volatility index. The
As per our estimate, the stock at CMP of 1450 is trading at P/E of 28.85, The Debt Equity ratio is 0.05 which indicates Lupin is operating with a rational level of debt and may not find difficulty to meet its obligations. The interest coverage ratio of the company is 393.41. The return on equity and return on asset is 27.08% and 25.96% respectively .The market of the company is Rs. 65474.38 crore. Lupin is one of the
Suven Life Sciences Ltd (Suven) announced in a filing to NSE today that the grant of one product patent from Canada (2878217) and one product patent from Hong Kong (HK1176619) corresponding to the New Chemical Entities (NCEs) for the treatment of disorders which are associated with Neurodegenerative diseases. These Patents are valid through 2032 and 2030 respectively. These granted claims of the patents include the class of selective 5-HT compounds which are discovered by Suven and are being d