Govt sells SUUTI stake in L&T for Rs 4,000 crore
Uploading Date : 21-06-2017Government sold a 2.5 percent stake in engineering and construction group Larsen & Toubro Ltd (L&T) on Wednesday, raising more than Rs 4,000 crore that will help the government meet its annual fiscal deficit target.The stake, held by the state-owned Specified Undertaking of Unit Trust of India (SUUTI)................
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ABB share rise on talks of L&T's electrical business buyout
Uploading Date : 21-06-2017Shares of ABB India advanced on Wednesday on reports that the company is in discussions with Larsen & Toubro to acquire its electrical and automation division. The L&T division had generated revenues of Rs 4,650 crore and operating profit of a little over Rs 700 crore in 2016-17 and is expected to be valued at Rs 14,000-18,000 crore, ET reported.............
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SpiceJet hits new high on signing pact with Boeing for 40 737 Max airplanes
Uploading Date : 20-06-2017SpiceJet hit a new high of Rs 128, up 2.4% on the BSE, after the company and Boeing on Monday signed a memorandum of understanding for 40 737 MAX airplanes..........
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Tata Group shares in focus, rally up to 20%
Uploading Date : 20-06-2017Shares of Tata Group companies were in focus, trading higher by up 20% on BSE in otherwise range-bound market. Nelco, Tata Investment Corporation and Tinplate Company were up between 5% and 20%, while Tayo Rolls, TRF, Tata Power Company, Titan Company, Tata Sponge Iron, Tata Motors and Trent were up in the range of 2% to 4% on BSE............
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Future Enterprises plans to raise up to Rs 700 crore via logistics arm IPO
Uploading Date : 19-06-2017Kishore Biyani-controlled Future Enterprises is looking to raise about Rs 700 crore by monetising its investment in its logistics arm, Future Supply Chain Solutions, through an initial public offer (IPO)........
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Reliance Industries: Adding more legs to growth
Uploading Date : 17-06-2017With its announcement to ramp up gas production, Reliance Industries (RIL) has finally addressed the issue of declining gas volumes from the Krishna Godavari (KG-D6) fields. Thus, the investment of $6 billion or Rs 40,000 crore in association with British Petroleum (BP) for developing about 3 trillion cubic feet of discovered gas resources in KG-D6 block is expected to benefit the company, albeit in the longer term.........
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Hero MotoCorp to invest Rs 2500 crore in next 2 yrs, crosses 70 mn in sales
Uploading Date : 16-06-2017Hero MotoCorp Ltd, India's leading two-wheeler maker, is planning to invest around Rs 2,500 crore for the next two financial years up to 2018-19. The proposed investment includes products development, digitisation, phase-wise capacity installation and in brown and green field expansion..............
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Small PSU banks rally; Dena Bank, UCO Bank up over 9%
Uploading Date : 15-06-2017Shares of small-sized public sector undertaking (PSU) banks have rallied up to 15% on reports that the government is working on consolidation of banks. Dena Bank and UCO Bank surged 15% and 12%, respectively, on the BSE. Vijaya Bank, Allahabad Bank, IDBI Bank, Indian Overseas Bank, United Bank of India and Syndicate Bank were........
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