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.
Oil&Gas, Realty and FMCG indices slip
GAAR postponement likely to some cheer
Global cues weak
BSE Metal, Auto, Power, FMCG and IT indices have plunged by nearly 1% each
FMCG, auto and metal shares drag
Total sales grew 12% at 71,826 units in August 2012 over the previous year
Registered total sales of 154,647 units in August 2012 against 194,898 units registered in August 2011.
On August 20, Bilcare Ltd had signed an agreement with United Drug plc for the sale of its GCS businesses in the US and the UK for $61 million
RIL among the top Sensex losers
Kalyani Steels, JSW Steel and Sesa Goa are trading higher by 2-15% on the Bombay Stock Exchange.
Network18 Media and Investments stock has dipped 6% at Rs 30, while TV18 Broadcast is down 4.4% at Rs 20.55 on the BSE.
The board will meet on September 08, 2012, to consider the proposal for buyback of equity shares
The stock outperformed the market by appreciating 13% in past one month as compared to 1.3% rise in benchmark Sensex
Auto stocks under pressure
Dena Bank, Karnataka Bank, Andhra Bank, Allahabad Bank and Union Bank of India are up 2-3% on the BSE.
The company plans to expand the capacity of urea at its Thal unit in Maharashtra
The stock tanked 26% in past six trading sessions after the government approved conversion of Rs 923 crore debentures into equity
The promoter is planning to bring down stake to reduce its debt burden and infuse more liquidity in operations
RIL, FMCG, Software shares top Sensex losers
Macquarie Bank Limited A/C Dr sold 2.02 million shares of the company at Rs 38.10 on the NSE on Thursday.