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Moneycontrol(Business)
- JSW Steel eyes coal mines in Africa, US and Canada
23rd May 2013 - JSW Steel Ltd is looking to acquire coal mines in Africa, US and Canada, a senior company official said today.
- Naresh Goyal buys 29% stake in Jet from promoter entity
23rd May 2013 - Jet Airways chairman Naresh Goyal today picked up over 29 percent stake in the private carrier from another promoter entity for about Rs 1,434 crore.
- SBI to invest in high quality stocks only: Chaudhuri
23rd May 2013 - Country's largest lender State Bank of India (SBI) will invest in high quality stocks only which have good trading volumes and less volatility, Chairman of the bank Pratip Chaudhuri said today.
- Exim Bank FY13 net jumps 10% to Rs 742 cr
23rd May 2013 - Exim Bank's total business crossed Rs 1,37,774 crore during the year. It reported a 10 percent rise in net profit at Rs 742 crore for the fiscal year 2012-13, up from Rs 675 crore in the previous fiscal.
- ChrysCapital to buy 10-12% stake in CavinKare: Sources
23rd May 2013 - CavinKare plans to sell 10-12% stake in its FMCG business to private equity player ChrysCapital for Rs 350 crore, according to sources.
- Wockhardt says USFDA import alert could impact biz by $100m
23rd May 2013 - Shares of the Mumbai based Wockhardt today tanked by 20 percent to close at Rs 1,315.25. Wockhardt Chairman Habil Khorakiwala said import alert could impact the company's business by USD 100 million
- Wockhardt tanks 20% on US FDA import alert
23rd May 2013 - The US drug regulator has issued an import alert on Wockhardt's facility at Aurangabad in Maharashtra. The stock closed down 20 percent, its lower circuit level, at Rs 1,313.80 on NSE.
- Banking, security cos to spend Rs 42,200 cr on IT services
23rd May 2013 - IT services is expected to be the largest overall spending category at Rs 13,200 crore in 2013, which confirms the strong focus on the financial services sector by IT services providers, many of which are leveraging their prominent position within this domestic market.
- Fast News: Nikkei massacre and other top headlines
23rd May 2013 - The Indian market had a bloodbath on Thursday mirroring Nikkei massacre. The Sensex lost 387.91 points to close at 19674.33 and the Nifty losing 127.45 points to close at 5967.05
- Ssangyong receives 80 bn won from Mahindra
23rd May 2013 - The preferential offer has resulted in an increase in the paid-up capital of SMC by 11.9 per cent and increase in MM's stake in SMC to 72.85 per cent from 69.63 per cent.
- Essar Projects wins contracts worth USD 80 m in Abu Dhabi
23rd May 2013 - Essar Projects, a leading engineering, procurement and construction (EPC) firm, on Thursday said it has bagged three new orders totalling USD 80 million in Abu Dhabi.
- Ranbaxy shares slump after Daiichi Sankyo says misled
23rd May 2013 - Daiichi Sankyo believes that certain former shareholders of Ranbaxy Laboratories concealed and misrepresented critical information concerning the US DOJ and FDA investigations, the Japanese company said in a statement on its website late on Wednesday, referring to the US Department of Justice and the Food and Drug Administration.
- Ranbaxy plunges 10% on reports Indian govt orders probe
23rd May 2013 - Ranbaxy slumped on Thursday after some reports said the Indian government too has initiated an investigation into its past documents and applications and it may face a huge penalty, if found guilty under the Drugs and Cosmetics Act.
- Why RIL, Rangarajan or Moily should not decide gas prices
23rd May 2013 - Under pressure from the gas producing companies, the UPA government set up the Rangarajan Committee which came up with a formula that would double gas prices from the current USD4.2 per mmBtu (million metric British thermal units) to nearly USD8.8 per mmBtu.
- Network18 exits Webchutney, earns 300% on investment
23rd May 2013 - Last financial year, Network18 profitably sold its entire stake in Newswire18, divested its Yellow Pages and Askme businesses and diluted its majority stake in Bookmyshow.
- EPP would impact GRMs by $2.80/bbl: IOC
23rd May 2013 - In order to bring down the deficit by nearly Rs 15,000 crore, the finance ministry yesterday decided to change the pricing policy for petrol and diesel from trade parity to export parity. The move is likely to reduce the selling price of fuels and impact the profitability of the already ailing PSU oil marketing companies.
- Srei Infrastructure to buy Austrian bank unit: Paper
23rd May 2013 - Hemant Kanoria, chairman and managing director of Srei Infrastructure denied being interested in Austria or any other European Union territory when asked by Reuters on May 7 about reports it was eyeing the Hypo unit.
- Phaneesh Murthy pressured Roiz for abortion: Lawyer
23rd May 2013 - As a result of Mr. Murthy's influence over Ms Roiz, she continued the relationship with him and ultimately, Ms Roiz became pregnant with Mr. Murthy's child, Roiz's lawyer claims. When he discovered this, Mr. Murthy pressured Ms Roiz to have an abortion.
- Kotak retains 'add' on Larsen Toubro, cuts target price
22nd May 2013 - Kotak Institutional Equities has retained its 'Add' rating on Larsen Toubro (LT) despite the company posted poor results. LT also declared a bonus of 1 share for every 2 share held by the shareholders.
- Shapoorji Pallonji not to enter realty PE space
22nd May 2013 - Shapoorji Pallonji one of the country's largest developers, has called off its plans to foray into the real estate private equity space, as the company has not been able to raise a corpus of USD 500 million due to a conflict of interest.
- PM releases UPA report card, lashes out at Opposition
22nd May 2013 - Manmohan Singh presented the report card of the UPA government on Wednesday. Expressing his gratitude to Sonia Gandhi, he says Indiaâs international relations have improved, and the government is taking measures to tackle problematic issues.
- Federal Bank ties up with TCS for setting up of ATMs
22nd May 2013 - Federal Bank has entered into an agreement with Tata Consultancy Services (TCS) for setting up ATMs at passport seva kendras (PSKs).
- Mid, senior jobs in key sectors to see 20% pay hike: Report
22nd May 2013 - Recruits for mid- to-senior level positions in key sectors are likely to get a hike of around 20-percent in compensation this year, staffing firm Kelly Services said on Wednesday.
- Puravankara IPP on Thursday; plans to raise Rs 183 cr
22nd May 2013 - Puravankara Projects will raise Rs 183 crore by offering 2.15 crore equity shares to institutional investors to meet the SEBI's norm of minimum 25 per cent public shareholding in the private sector listed companies by June.
- Govt's reform agenda may take backseat in election yr: LT
22nd May 2013 - India should be satisfied with a 6 per cent growth this fiscal as government's development agenda could take a backseat due to the forthcoming elections, says LT's A M Naik
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