The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The company seeks Expression of Interest from investment bankers, owners/owner's representatives for the acquisition of coal assets aboard.
Broader markets in the green, breadth remains positive
Under the deal, Diageo would acquire up to 53.4% stake in Vijay Mallya-led United Spirits, one of the largest spirits firm, within five years.
Apollo Hospitals, Cipla, United Spirits to be in focus
Hindalco, Tata Steel, Ranbaxy Laboratories, Reliance Infrastructure and Cairn India were among around 430 stocks that hit 52-week low on the BSE.
Sensex ends below 19,000 mark after 3 months
The Finance Minister said that trading in commodity derivatives will not be considered as a 'speculative transaction'.
The promoters have offloaded around 110 million or 6.19% stake in the company for a total consideration of Rs 240 crore.
Metal and auto shares among losers
Sensex plunged by 159 points at 18,993, and the Nifty down 54 points at 5,743 levels.
The BSE banking index Bankex was down 1.3% or 189 points compared to 0.28% or 54 points fall in benchmark Sensex.
Everonn Education, NIIT, Educomp Solutions and Aptech are up 3-9% on BSE.
Profit booking was seen at higher levels on concerns over rising current account deficit.
Broader markets gain in line with benchmark index
The company has entered into a definitive agreement for the sale of its specialties subsidiary, Agila Specialties, to US-based Mylan Inc.
The airline major has sold and leased-back for own use three pairs of Heathrow Airport parking slots at London for $70 million to Etihad Airways.
In Budget 2012-2013 the government had increased basic customs duty on bicycles from 10% to 30% and on bicycle parts from 10% to 20%.
The company announced a total dividend of Rs 92 per equity share of Rs 10 each for the year 2012.
Jubilant Life and HDFC Bank among stocks to watch out for
The board of directors of the company will meet on March 01 to restructure the Board.