Market Bureau

SC may allow further mining in K’taka with riders

A three-judge special forest bench, headed by Justice A tab Alam, today made it clear that further resumption of mining operation in Karnataka “may happen at distant time”. The Supreme Court will on Monday pronounce...

Religare Health Trust to list on Singapore bourse

Fortis Healthcare Ltd plans to list Religare Health Trust, a business trust of the company, which invests in medical and healthcare assets and services in Asia, Australasia and emerging markets on the Singapore Exchange Securities...

37 fields to start output FY13 : ONGC

Oil major ONGC at a conference after its annual general meeting  declared that some of its 37 under development fields are likely to start output in the current financial year.

Parent to raise $940 mln by selling 15.26 Cr Cairn India Shares

Cairn UK Holdings Ltd will raise $940 mln by selling 15.26 crore shares of Cairn India Ltd via block deals. Transaction will take place on tuesday. Parent is looking to sell block of shares at...

Colgate Palmolive to pay Rs. 13/sh interim dividend

Board of Directors of the Company at its meeting held on September 24, 2012, has declared a first interim dividend of Rs. 13/- (Rupees thirteen only) per equity share of Re. 1/- (face value) for...

Rakesh Jhunjhunwala buys 4.9% in Geometric

IRB Infra promoter sells 2.61% stake for 106 cr

IRB declared that  Dattatray Pandurang Mhaiskar, A promoter shareholder have sold 86.8 lakh shares, or 2.61% stake in the company, for 106 crore rupees. Mr Mhaiskar sold the shares through open market transactions on Sep...

SBI chief don’t see room for further cut in Base Rate

State Bank of India’s chief Mr. Prateep Chaudhuri’s take on helath of SBI, RBI’s recent action and way forward to deliver high performance. Key takeaways are as follows : On rate cut SBI Cut rates...

IOB cuts term deposit rates by 25 bps

With effect from today, Indian Overseas Bank has reduced interest rate by 25 basis points on term deposits of up to 2.5 mln rupees and having tenure of more than three years but less than...

Partial relief to Bhushan Steel, JSW, SKS Ispat

In a hugh relief to 3 private sector miners, Delhi High Court today said that any government order for de-allocating coal blocks of Bhushan Steel Ltd, SKS Ispat and Power Ltd, and JSW Steel Ltd...

Ruchi soya pegs Indian soymeal export at 5 mln tn

Key take away from Dinesh Shahra, Managing Director Ruchi Soya : Ruchi Soya year to Sep 2012 soymeal export 1.5 mln tn, 2013 soymeal export at 1.7-1.8 mln tn Ruchi Soya to benefit from fall...

KR Kamath appointed chairman of IBA

With effect from 1st October 2012, Shri K.R. Kamath has been appointed as chairman of  The Indian Banks’ Association (IBA) . Currently Kamath is the chairman and managing director of Punjab National Bank. Mr Kamat...