FIIs sell large-cap stocks as rupee hits all-time low
Ravi Ranjan Prasad, May 16 2012, MumbaiBenchmark equities indices, Sensex and Nifty, fell by close to two per cent due to institutional selling in frontline stocks on Wednesday. Foreign institutional investors (FIIs) sold large-cap shares
Bajal Finserv to raise Rs 1,000 cr through QIPs
Michael Gonsalves, May 16 2012, PuneBajaj Finserv, a holding company of financial services business, will raise a total of Rs 1,000 crore via issue of equity shares or securities convertible into equity shares, subject to
Himadri lines up Rs 1200 cr to ramp up capacity
Ritwik Mukherjee, May 16 2012, KolkataHimadri Chemicals and Industries, has firmed up Rs 1,200 crore investment plans to become one of the world’s top three coal tar pitch companies, ramping up its capacity to 1
Piramal Health to buy US firm for Rs 3,440 cr
Meghna Maiti, May 16 2012, MumbaiDrugmaker Piramal Healthcare on Wednesday said it would buy a US-based healthcare data provider for Rs 3,440 crore ($635 million) to boost research and development (R&D). The move comes
CESC buys two Indiabulls hydel plants
Ritwik Mukherjee, May 16 2012, KolkataRP-Sanjiv Goenka group-owned power flagship CESC has acquired two Indiabulls-owned hydel power companies in Arunachal Pradesh to expand its hydro-power footprints. The two units together have a capacity of
Stocks with European exposure hammered
Amit Mudgill, May 16 2012, New DelhiShares of two out of every three companies listed on Bombay Stock Exchange (BSE), with a revenue exposure of more than 10 per cent in European markets, tumbled on Wednesday
Credit Suisse sells 5 lakh shares of McNally Bharat
, May 16 2012, MumbaiCredit Suisse (Singapore) Ltd, a shareholder of McNally Bharat Engineering Company, today sold over five lakh shares of the company for Rs 4.35 crore through an open market transaction
GMR Infrastructure raises Rs 200 cr from ICICI Bank
, May 16 2012, MumbaiGMR Infrastructure today said it has raised Rs 200 crore through allotment of secured non-convertible debentures to ICICI Bank Ltd.
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Elder Pharma Q4 net up 7% at Rs 18.52 cr
, May 16 2012, New DelhiElder Pharmaceuticals today reported 7. 23 per cent increase in its consolidated net profit at Rs 18
Bajaj Finance Q4 Net up 52% at Rs 108 cr
, May 16 2012, MumbaiBajaj Finance today said its net profit for the fourth quarter ended March 31, 2012 increased by over 52 per cent to Rs 108 crore.
The company's profit in the
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