Market News
Glenmark Quarterly Net Profit Tripled to Rs.219 Crore
India’s Glenmark Pharmaceuticals Ltd on Monday posted a threefold rise in quarterly net profit, helped by a milestone payment and higher sales from the US, pushing the shares to a lifetime high.For the quarter to 31 March, Mumbai-based Glenmark reported a consolidated net profit of Rs219 crore, up from Rs62.2 crore in the year-ago quarter. [...]
TCS signs Multi Year Contract with Chrysler
Tata Consultancy Services [TCS] has signed a new multi-year contract with Chrysler LLC to provide a comprehensive portfolio of IT services. The scope of this contract integrates the contract TCS announced in February with Chrysler.
Banco Product buy back proposal: Soars More than 19%
Banco Product India soared 19.19% to Rs 37 at the end of the day on NSE after the company scheduled a board meet on 17 April 2008 to consider buy back of equity shares. The company made this announcement during trading hours today, 10 April 2008.
The stock hit a high of Rs 37.20 [...]
Anil Ambani & Kotak groups setting up commodity bourses?
The Reliance Anil Ambani group is believed to have decided to enter the commodity trading business by setting up a large exchange in the country as part of its plans to capitalize on the vast opportunities in this market.
Besides Anil Ambani, another corporate giant Kotak group is also thinking over setting up a commodity bourse [...]
Indiabulls Securities List at Rs 300 on NSE, Slipped to Rs 128 at Market closing
Brokerage firm Indiabulls Securities Ltd on Wednesday got listed at Rs300 on the Bombay Stock Exchange pursuant to its de-merger from the domestic financial services major Indiabulls Financial Services (IBFSL).
The scrip opened at Rs300, which was also its intra-day high, and touched a low of Rs110 on the BSE. On the National Stock Exchange, [...]
Tata Motors’ Acquisition of Jaquar and Land Rover
Acquisition of Jaquar and Land Rover by Indian tiger Tata Motors was a big buzz last few days. Finally, Tata Motors’ acquisition of two iconic British brands - Jaguar and Land Rover - was finally completed earlier this week. The previous owners of these two brands were Americans but though the flavor of the two [...]
Did IT companies Slow Down in Mergers and Acquisitions?
You must be observing the recent slowdown in Information Technology and BPO industry, it’s eventually dampening the spirits of IT companies and there has been a slowdown observed in the appetite of IT and BPO companies for large cross-border merger and acquisition deals.
If you look at the data available, you would think over what we [...]
Market down on higher short-term capital gains tax
Benchmark indices tripped after Finance Minister P Chidambaram announced a hike in short-term capital gain tax to 15 per cent from the present 10 per cent. Bombay Stock Exchange’s Sensex plunged 422 points or 2.3 per cent to 17,402 and National Stock Exchange’s Nifty was at 5,155 down 129 points or 2.21 per cent. However, [...]
Union Budget India 2008: Winning / Losing Sectors
This post will be updated all day today.
Higher Outlay For Polio, HIV Eradication; + ve Panacea Biotech & Cipla, Sun Pharma, Ranbaxy Labs
Educational sector: Employment pool for KPO’s will benefit IT sector, Infosys, TCS
20% Higher Outlay For Education; +ve Educomp, Everonn, Aptech, NIIT
