07:30 PM
Apollo Hospital stock has seen corrections of almost 9.4% from its 52 week highs of Rs 1,096.15 seen on 17 May’13. The decline has come after the company reported its fourth quarter and financial year results which were slightly below
07:30 PM
Tightening the norms for algorithmic trading, market regulator Sebi today made it mandatory for the users to have their systems audited every six months and increased penalties on errant stock brokers.
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The company had posted a net profit of Rs 11.12 crore in the same period of previous fiscal.
07:27 PM
HeidelbergCement India, which recently was in focus as reports suggested that it is selling a minority stake to private equity firm Bain Capital, has sold its cement griding facility in Raigad district of Maharashtra to JSW Group.
07:25 PM
Moily Veerappa M Oil Minister M Veerappa Moily has asked the Vijay Kelkar panel on energy security to suggest roadmap for freeing natural gas prices by March 2017.Moily expanded the terms of reference (ToR) of the panel he appointed in March to prepare
07:25 PM
The government today cut withholding tax on interest earned by foreign investors on investment in long term infrastructure bonds to 5% from 20% till May 2015.Rationalisation of withholding tax is expected to encourage greater subscription in Indian debt
07:22 PM
The Competition Commission is likely to look into whether there was cartelisation among telecom players in the recent spectrum auctions, as has been charged by the country's top auditor.
07:22 PM
Local search engine Just Dial's initial public offer, the biggest issue so far this year, was subscribed 70% on the second day of issue today.
07:08 PM
In what is indicative of growing relevance of Indian technological expertise, US-based aerospace engine manufacturer Pratt & Whitney is exploring opportunities to source components for its global operations from India.
07:01 PM
Led by M&M and Maruti Suzuki, auto stocks have rallied over the past three months.
06:58 PM
After Tata Teleservices, yet another offer for sale has failed to find takers for all its shares.
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"My friends wondered how I was selected for the job.
06:47 PM
Cellphone image via Shutterstock The brand value of India's largest telecom operator by subscribers Airtel, slid by 13% to $10.05 billion (or Rs 54,270 crore) in the latest report on the Top 100 Global Brands by WPP Group company Millward Brown.
06:29 PM
The company, part of the $15.9 billion Mahindra Group, had posted a net profit of Rs 302.50 crore in the year-ago period, it said in a BSE filing.
06:26 PM
Private life insurer Reliance Life Insurance is looking to strengthen and build a sustainable agency force to achieve business growth.
06:19 PM
Cement stocks came under pressure in Tuesday's trade as expectations of good monsoon fuelled profit booking on the counters.
06:14 PM
The rupee fell against the dollar for the second straight day this week due to dollar demand by oil importers.
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General Motors India today said it will raise the prices of its entire range of vehicles by up to Rs 10,000 from first week of June to offset the increase in logistic costs following hike in diesel rates.
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Adhunik Metaliks today said it has commenced commercial operation of its 270 MW second unit of coal-based thermal power plant in Jharkhand.
06:08 PM
Realty firm Omaxe Ltd's offer to sell promoters' 50 lakh equity shares, worth about Rs 74 crore, was today under-subscribed as it received bids for only 67.97% of the scrips on sale.