Archive for the 'Market News' Category
Ranbaxy laboratories The Punjab-based drug maker reached a settlement with the US drug regulator while setting aside US$500 million to address its potential liability from a separate US Justice Department investigation. The new consent decree with the US Food and Drug Administration (FDA), which is subject to approval by the US District Court in Maryland. [...]
January 21st, 2012 | Posted in Market News | No Comments
ABB The Bengaluru-based power and automation company jumped after the ABB group booked an order worth more than Rs 4000 cs-ore front Power Grid Corporation of India to deliver all ultrahigh-voltage direct current transmission system to supply hydropower from mountainous northeast India to the populous region of Agra in central India, 1.700 kilometers away. ABB [...]
January 21st, 2012 | Posted in Market News | No Comments
Starbucks is fine tuning its plans to set up stores in the country in partnership with Tata Coffee Suzlon Group’s subsidiary, REpower Systems SE announced that the company bagged cumulative orders of 151 Mw turbines from across Europe and North America Lenders to Air India met to vet its revised debt restructuring proposal and said [...]
January 20th, 2012 | Posted in Market News | No Comments
Reliance Industries The Mumbai-based oil refiner fell as gas output from Reliance Industries’ (RIL) eastern offshore KrishnaGodavari (KG)-D6 gas field declined to a fresh low of 38.66 million cubic metres per day in the week ended IS December 2011 as the company shut five wells due to water ingress, a news agency reported citing a [...]
January 20th, 2012 | Posted in Market News | No Comments
Mundra Port & SEZ The Ahmedabad-based private port and special economic zone fell on reports the Chennai Port Trust rejected the company’s bid to develop the Rs 3700-crore mega container terminal project at the Chennai port on the ground that revenue share of 5% offered by the company was too low. Mundra port was the [...]
January 20th, 2012 | Posted in Market News | No Comments
DLF lndia’ largest real estate developer by market capitalisation along with its joint venture partner Hubtown sold 100% of their respective shareholding in DLF Ackruti Info Parks in Pune for an aggregate consideration of Rs 810 crore to an entity controlled by real estate fund affiliated with the Blackstone Group. BRfllMauritius Investment II. after obtaining [...]
January 20th, 2012 | Posted in Market News | No Comments
Oracle Financial Software The Mumbai-based IT firm fell after dismal results from its US-based parent Oracle Corp, the world’s third biggest software maker. Oracle Corp reported 17% growth in its net income to USS 2.19 billion for the second quarter ended 30 November 2011 on account of higher sales of new software licences.Its total revenues [...]
January 20th, 2012 | Posted in Market News | No Comments
Auto major Tata Motors said it plans to enter new global markets such as Thailand, Myanmar, Indonesia and Bangladesh with the ‘Nano’ within a year, as well as launch a CNG version of the car in the domestic market. The company also said it plans to invest Rs 3,000 crore on capacity expansion and various [...]
January 10th, 2012 | Posted in Market News | No Comments
The rupee appreciated by 25 paise to 52.26 per dollar in early trade on Tuesday, as the US currency weakened against euro and other major currencies overseas. Dealers said firm domestic equity markets also supported the local unit. The rupee had gained 20 paise to close at nearly three- week high of 52.51/52 per dollar [...]
January 10th, 2012 | Posted in Market News | No Comments
DLF posted its Q2FY12 results above our estimates with a topline of Rs 2532 Crs, a growth of 4% q-o-q and 7% y-o-y. EBITDA margins improved significantly by 711 bps on a y-o-y basis on the back of decrease in operating expenses, on a sequential basis margins improved by 90 bps. Net margins remained flat [...]
December 21st, 2011 | Posted in Market News | No Comments