Posts Tagged ‘India’

JPMORGAN SPECIAL sells 37.87 lakh shares of Cable Corp

On April 13, 2011 CLAREVILLE CAPITAL INDIA MASTER FUND LIMITED bought 3,787,020 shares at Rs 30 on the BSE.

MONEY MATTERS (I) Pvt sells 3.92 lakh shares of Fame India

On April 13, 2011 MONEY MATTERS (INDIA) PRIVATE LIMITED sold 187,201 shares of Fame India at Rs 52.20 on the NSE and sold 205,009 shares at Rs 52.38.

SEBI reworking corporate norms for modern regulatory framework: Narayanan

The Securities and Exchange Board of India (SEBI) is reworking norms on corporate governance to evolve a modern regulatory framework, its executive director Usha Narayanan said today at an interactive session organised by apex chamber Assocham.

Wheat procurement down by 75% so far this year

Wheat procurement has declined by 75% to 13.04 lakh tons so far this year as arrivals are yet to pick up in Haryana and Punjab, which together made up for nearly three-fourth of the central pool in 2010,

SingTel raises stake in Bharti airtel to 32.25%

Singapore-based SingTel has increased its stake in one of India`s largest telecom companies Bharti Airtel to 32.25%, with the purchase of shares worth about Rs 930 million, reports PTI. The freshly acquired shares account for about 0.1% point stake in Bharti Airtel, which is jointly promoted by Singtel and group companies of industrialist Sunil Mittal`s family

India, China take steps to ease disputes, enhance trade

India and China have agreed to restore defence ties and will exchange visits by their top leaders as well as take steps to enhance their balance of trade, India’s National Security Adviser Shiv Shankar Menon said on Wednesday.

Indian telecoms trial adjourned

Court proceedings against India’s former telecommunications minister and senior industry executives suspected of roles in rigging the award of telecoms licences were adjourned amid chaotic scenes in a New Delhi court on Wednesday.

India needs sustainable infrastructure for growth: Alstom

Alstom completed 100 years in India and on a special visit to the country, Patrick Kron chairman CEO of Alstom says the emerging markets like India have been resuming. “India, China and the number of other faster growing markets have been resuming and coming back in their investment decisions,” he says.

RBI`s reference rate for USD at Rs 44.48

The Reserve Bank of India`s (RBI) today fixed reference rate for USD at Rs 44.48, down 0.63% against its rate on previous working day at Rs 44.20 (April 11). Meanwhile, the apex bank`s reference rate for Euro was down 0.81% at Rs 64.42 on April 13, as against 63.90 on April 11. As illustrated in the table below, the apex bank`s reference rate for Great Britain Pound stand at Rs 72.36 down 0.14% versus its rate

Residential property prices to dip as buyers stay away

Weighed down by a piling up inventory as customers stay away, property prices in India’s key markets are slated to decline, while in other cities the trend is likely to be divergent.

Panasonic eyeing 65% jump in revenue from India in FY 12

Japanese consumer durables major Panasonic is targeting a nearly 65% jump in revenue from its India operations in FY 12 to Rs 9,000 crore, a top company executive said today.

BRICS to use own currencies for credit, grants

In a firstof itskind step, Brazil, Russia, India, China and South Africa (BRICS) will be signing an agreement on Thursday under which they would be able to give credit and grants to each other in their own currency instead of dollars.

Stocks in news: EIL, Essar Oil, Areva, Alok Ind, Sun Pharma

Engineers India | Parsvnath | GMR | Essar Oil | Areva TD | Alok Industries | Infinite Computer | Tata Power | Siemens | Sun Pharma and Tata Chemical are stocks, which are in the news today.

ICRA assigns `A1+` rating to PTC India

Credit rating agency, ICRA has assigned short term rating of A1+ to the non fund based limits of Rs 15 billion and commercial paper programme of Rs 1 billion of PTC India (PTC). ICRA`s rating action favourably factors in the market leadership position of PTC in the domestic power trading market, the growing power trading volumes in the country facilitated by the enabling regulatory framework and its strong balance sheet with sizable liquidity imparting huge financial flexibility to the…