Market Bureau

Apex Court dismisses petition in Vodafone tax case

A Bench comprising Chief Justice SH Kapadia and Justice KS Radhakrishnan dismissed the Centre’s review petition filed on February 17 in the Vodafone tax case. The Apex Court dismissed government’s plea seeking review of its...

Zync launches Android based tab for Rs 8,990

Zync launched ‘Zync Z-990’ India’s first tablet running on Android 4.0 Ice Cream Sandwich. Z-990 has a 7-inch high resolution screen and is powered by a 1.2 Ghz processor. It comes with 1GB RAM for...

Nalco chart out Rs 2,300 cr expansion plan for FY13

State-owned aluminium major Nalco [stockquote]NATIONALUM[/stockquote] plans to invest Rs 2,343 crore next fiscal, a 76% rise in capital expenditure over FY12, to increase capacity. Nalco is also a divestment candidate where government will raise funds...

Tata Communication rises on divestment buzz

Street is abuzz with the rumor that Government is under active consideration to divest stake in Tata Communication. Government hold 26% in Tata Comm (Formerly VSNL). Center has failed to achieve target of 40000 cr...

NBCC IPO to hit market on March 22, Price Band 90-106

Government owned National Buildings Construction Corporation (NBCC) is set to hit capital market on March 22, 2012 in order to raise Rs. 120 cr via sale of 1.2 cr equity shares. Government has fixed the...

GSM networks are not hack proof

‘Matrix Shell’ a security start up firm has claimed that they have successfully hacked into GSM phone numbers of Indian subscriber. Highlighting technical vulnerability within standard encryption level which Indian telecom service provider use they...

Dell’s answer to iPAD, will launch Windows 8 tablet

Italy based Same Deutz-Fahr to invest € 38 mn in TN

Italian tractor and agriculture machinery manufacturer, Same Deutz-Fahr Group (SDF), has proposed to invest around 250 cr (€ 38 mn) in its facility at Ranipet in Tamil Nadu.

Bond yields will remain firm due to tight liquidity

Bond yields will remain firm on account of tight liquidity situation and higher government borrowing plan announced for 2012-2013. The government has projected Rs 4.80 lakh crore of net borrowings from the debt market for...

Warhol acquires 10.36 lakh sh in Karur Vysya Bank

As per bulk deal announcement with the National Stock Exchange (NSE), Mauritius-based investment holding firm Warhol Ltd has acquired 10,36,000 equity shares of  Karur Vysya Bank Ltd at Rs 379.99 per share.

The creator of Red Bull, Chaleo Yoovidhya dies

Dredging Corp to add new dredger worth Rs 500 cr

State-owned Dredging Corporation of India (DCI) will add a new dredger worth Rs 500 crore to join its fleet by the end of this financial year. DCI has 10 trailer suction and three cutter suction...