Market Bureau

Changing the face of Analytics

AAUM Analytics, an Analytic firm founded in 2008  by IITians is changing the face of Rural Analytics like never before by providing analytics and consultancy services to Government organisations and NGOs. Rajesh Kumar the brain behind...

Tilaknagar acquires Srirampur Grains & P.P. Caps

Indian made Foreign Liquor producer Tilaknagar Industries [stockquote]TI[/stockquote]has acquired 100% stake Srirampur Grains Pvt Ltd and P.P. Caps Pvt Ltd to strengthen its backward integration. The acquisition of Srirampur Grains would help TI source grains...

NBCC issue price at Rs 106 per share

The empowered group of ministers (EGoM) has fixed the issue price at higher end of price band of 106 per share for state-owned construction company NBCC. A discount of 5% will be given to retail...

Nifty down 1%, ONGC and SBI contributes to fall

Frontline indices were under pressure throughout day. Its negative closing ahead of March Expiry. Oil and Gas sector and Banks were major contributor for losses. ONGC were down 2.5% to 257.75, State Bank of India...

KFA suspends more flights

Kingfisher Airlines [stockquote]KFA[/stockquote] which operated to about 60 destinations has reduced its flights to less than 30 cities. Hyderabad, Kolkata, Patna, Lucknow, Thiruvananthapuram, Bhubaneshwar are among the cities to which the airline has “temporarily suspended”...

TRF acquires 49% in York Transport Equipment

TRF Ltd [stockquote]TRF [/stockquote]on Tuesday announced that it has acquired balance 49 per cent stake in the Singapore based York Transport Equipment (Asia) Pte Ltd. With the acquisition, York Transport becomes a wholly-owned subsidiary on...

Brickwork India Appoints Sangeeta Kulkarni as the CEO

Brickwork India, India’s leading knowledge processing firm, has appointed Sangeeta Kulkarni, as the Chief Executive Officer of the company with immediate effect. She was one of the founding members of Brickwork Group and was earlier...

Citi Appoints Sameer Kaul as Head of Private Banking

Citi India announced today the appointment of Sameer Kaul as the Head of its Private Bank. Launched in 2005 in India, Citi Private Bank (CPB) has grown to be one of the leading wealth managers...

Market crashes – Nifty down 136 pts, Sensex dives 405 pts

Main indices crashed in the second half of trade. Sensex lost 406 ponts whereas NIFTY lost 136 points in. As per the article published in ‘Times of India’ quoting CAG’s report indicating huge loss to...

EGoM to decide on Vedanta’s offer for BALCO & HZL

Empowered Group of Ministers headed by finance minister Pranab Mukhrjee will decide in to the proposal made by Vedanta resources to buy residual stake for government owned BALCO and Hindustan Zinc Ltd (HZL). It had...

Market ends at Day’s high, JP Associate & R Infra shines

Market traded throughout day in positive with some smart gains in the counter such as Jaiprakas Associates[stockquote]JPASSOCIAT[/stockquote] up 5%, Reliance Infra[stockquote]RELINFRA[/stockquote] up 5%. Buying are witnessed across the counters Larsen & Toubro , TCS ,...

MahSatyam -TechM merger approved : Swap ratio 2:17

Boards of Mahindra Satyam[stockquote]SATYAMCOMP[/stockquote] and Tech Mahindra [stockquote]TECHM[/stockquote]at their respective meetings today approved the proposed merger of Mahindra Satyam with Tech Mahindra along with wholly-owned subsidiaries.  Swap ratio of 2:17 i.e. shareholder of Mahindra Satyam...