Wednesday, 20 March 2013

Government to sell 5.82% stake in SAIL on March 22

Government to sell 5.82% stake in SAIL on March 22

Government to sell 5.82% stake in SAIL on March 22

The Government of India will sell a 5.82 per cent stake in Steel Authority of India Ltd (SAIL) on March 22, Friday, the company announced in a stock exchange announcement late Wednesday. The government will offer 24,03,96,572 equity shares, with a face ...
Bharti Airtel stock loses 10% in three days; should you buy it?

Bharti Airtel stock loses 10% in three days; should you buy it?

MUMBAI: Bharti Airtel has lost over 23% of market capitalisation since January 23. Depressed financial results in the December 2012 quarter, slower than expected pickup in demand for 3G related services and regulatory issues have marred the stock ...
Kingfisher Airlines employees threaten to disrupt IPL, demand Vijay Mallya

Kingfisher Airlines employees threaten to disrupt IPL, demand Vijay Mallya's ...

NEW DELHI: Frustrated over not getting salary for last 10 months, Kingfisher Airlines employees on Wednesday asked the government to prosecute promoter Vijay Mallya and threatened to disrupt IPL matches. "If Gopal Kanda, promoter of MDLR airlines, can ...
HDIL shares at record low on rating downgrade

HDIL shares at record low on rating downgrade

Property developer HDIL was at the receiving end of bearish traders on Wednesday for the second time this year on Wednesday. The stock crashed 20% to record lows of Rs 48.70 on Wednesday after rating agency CARE assigned a junk grade to the Rs ...
Manappuram Finance Limited

Manappuram Finance Limited

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media titled "Investors Cry Foul as Manappuram Fin Crashes 20% Over Loan Losses" and to inform the market place so that the interest of the investors is ...
Citrus Pay gets $2 million investment from Sequoia Capital

Citrus Pay gets $2 million investment from Sequoia Capital

Venture capital company Sequoia Capital on Wednesday said it has invested $2 million in Indian payments product start-up Citrus Pay. The Mumbai-based company, founded in 2011, aspires to be the "next generation Indian PayPal". Its solutions help ...
Delhi top e-commerce hub in India: eBay

Delhi top e-commerce hub in India: eBay

KOLKATA: Delhi has emerged as the top e-commerce hub in the country closely followed by Mumbai, Jaipur, Bengaluru and Chennai in 2012, according to a census conducted by leading e-commerce platform eBay. According to the census, India has 4306 ...
India test fires submarine-launched version of BrahMos missile

India test fires submarine-launched version of BrahMos missile

The successful maiden test firing of the over 290 km-range submarine-launched version of BrahMos supersonic cruise missile in the Bay of Bengal on Wednesday. Related. NEWS. Nirbhay cruises off target, terminated India test-fires manoeuvrable version of ...
Videocon

Videocon's Direct-to-Home Unit Gets Clearance for IPO

MUMBAI--Bharat Business Channel Ltd., the direct-to-home television-services unit of Videocon Industries Ltd., has got the Indian market regulator's approval for an initial public offering of shares to raise up to 7.00 billion rupees ($128.7 million), a person ...
Maharashtra budget: Cigarettes, liquor, cosmetics to cost more

Maharashtra budget: Cigarettes, liquor, cosmetics to cost more

The state Budget has proposed hike in taxes on cigarette, tobacco, liquor, cosmetics and jewellery to mop up additional resources to fund drought relief efforts. MUMBAI: With large parts of Maharashtra reeling under severe drought, the state Budget presented ...