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Mon, 05/21/2018 - 01:15

In a long-awaited deal, Century Textiles and Industries, owned by Birla patriarch Basant Kumar Birla, will carve out its cement business and merge it with UltraTech Cement, owned by grandson Kumar Mangalam Birla, in an all-stock deal, the two companies said.

Mon, 05/21/2018 - 01:12

The Finance ministry has started the process for appointing a consultant to take forward the merger of three general insurance companies — National Insurance Company, United India Insurance Company and Oriental India Insurance.

Mon, 05/21/2018 - 01:03

The government has shelved the plan to privatise several old and ageing fields of ONGC and OIL.

Fri, 05/18/2018 - 03:23

Russia's VTB Capital-based NuMetal on Thursday told the National Company Law Appellate Tribunal (NCLAT) that it has offered over Rs 37,000 crore for Essar Steel in the second-round of bidding, which should be opened and the highest bidder be selected from it.

Fri, 05/18/2018 - 03:20

Unseasonal rains, thunderstorms and dust storms have dampened the room air-conditioner (RAC) business in the key markets of north and south India.

Fri, 05/18/2018 - 03:18

Dewan Housing Finance Corporation (DHFL) is coming out with a non-convertible debentures (NCD) issue for raising Rs 3,000 crore, with a green shoe option of Rs 9,000 crore.

Fri, 05/18/2018 - 03:16

The market witnessed huge selling as investors got nerves about rising crude prices. 

Fri, 05/18/2018 - 03:14

Global fund managers are getting bullish on the banking and technology sectors and are increasing allocation to commodities even as their expectations for faster global growth fell sharply, shows a  survey.

Fri, 05/18/2018 - 02:42

Mobile applications that allow individuals to buy, sell, invest and gift gold are developing rapidly in India and will become increasingly popular in the coming decades.

Fri, 05/18/2018 - 02:38

An extraordinary general meeting (EGM) of Fortis Healthcare will vote on the removal of four directors. The EGM will be held on May 22.

Fri, 05/18/2018 - 02:37

Market regulator Sebi has pulled up the state-owned Punjab National Bank (PNB) for failing to make timely disclosures to stock exchanges about the Nirav Modi fraud.

Fri, 05/18/2018 - 02:35

Amid oil prices hitting $80 a barrel on Thursday for the first time since November 2014 on Iran concerns, a brokerage firm has said an increase of Rs 4 per litre in local petrol and diesel prices is in the offing if state-owned fuel retailers were to return to pre-Karnataka poll hiatus margin lev

Thu, 05/17/2018 - 02:05

Stocks continued to witness selling pressure, with the Sensex ending 156 points lower to settle at 35,387, while the Nifty 50 fell 60 points to close at 10,741. The BSE Mid-Cap Index fell 0.27 per cent but the Small-Cap Index rose 0.06 per cent.

Thu, 05/17/2018 - 02:03

With companies reporting robust earnings growth, FMCG stocks like Hindustan Unilever (HUL), Procter & Gamble, Colgate and ITC are seeing strong buying interest from domestic and foreign investors.

Thu, 05/17/2018 - 02:02

The insurance sector is in the thick of M&A activity. Companies that are seeing hectic mergers & acquisitions (M&A) bids include Star Health & Allied Insurance Co, IDBI Federal Life Insurance Co, Royal Sundaram General Insurance Co and Policybazaar Insurance Web Aggregator.

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