Indian FinanceIndian FinanceIndian share market is rocking. The BSE sensex has gained 10,000 points in a year and nine months. The sensex touched all time high of 20,025 on October 29, 2007. The BSE sensex had touched 10,000-mark for the first time on February 6, 2006. The BS Articles
Microsoft offers to buy Yahoo! for $44.6 billion
2008-02-04 08:25:00 In an apparent motive to take on search engine giant Google, world’s largest software company Microsoft Corp. has made an unsolicited bid for internet media company Yahoo Inc. for $44.6 billion, or $31 per share. Microsoft, in the aggressive bid that could turn hostile, announced to offer 62 per cent premium to Yahoo’s closing stock price ... More About: Finance , Offers , Yahoo!
Anil and Six Other Promoters Raise Stake in REL
2008-02-02 15:40:00 Anil Ambani and six other promoters of Reliance Energy Limited (REL), a company under the Reliance - Anil Dhirubhai Ambani Group banner, have increased their stake in the firm by 2.37 per cent raising it to 35.66 per cent. AAA Project Ventures — promoted by Anil Ambani and KD Ambani Trust, Anil Ambani, his wife Tina, ... More About: Finance
ICICI Bank Ties Up with UAE Xchange for Travel Card
2008-01-31 16:27:00 ICICI Bank , India’s largest private sector bank, has tied up with UAE Xchange to promote travel card through the latter’s branches in the country. The bank is targeting a business of 250 million dollars from travel card, its commercial and premium card manager Vinayak Prasad said recently. The ICICI Bank Travel Card is a pre-paid card ... More About: Finance
Hindustan Petroleum Corp Ltd looks for stake in Andhra Petrochemicals
2008-01-29 16:29:00 One of India’s leading petroleum products retailers Hindustan Petroleum Corporation Limited (HPCL) is planning to enter the petrochemicals business. The state-owned firm will mark its foray in this sector by acquiring a “strategic stake” in Andhra Petrochemicals Limited (APL). It will reduce HPCL’s dependence on the refining and fuel retailing business. Though HPCL officials have ... More About: Finance , Looks
Mahindra Scorpio SUV (sport utility vehicle) launched in Brazil
2008-01-26 16:31:00 India’s top utility vehicle maker Mahindra & Mahindra (M&M) has announced the launch of the Mahindra Scorpio SUV and its Pik-Up range in Brazil , in partnership with Bramont-Montadora Industrial e Comercial de Veiculos Limited. A special facility has been set up to assemble the vehicles with an annual capacity of 5,000. The body assembly would ... More About: Finance , Sport , Vehicle
Sensex records biggest single day gain, up 864 pts
2008-01-24 08:24:00 The past few days witnessed investors reeling under the pressure of a slump in the stock exchange market due to a sharp fall in the price of shares. However, Wednesday was a good day for investors as the prices of shares soared again and the market opened on a positive note with a gap of ... More About: Finance , Single , Sensex , Records , Cord
The 10 Biggest Falls in the Indian Stock Market History
2008-01-22 14:14:00 January 21, 2008 has been the black day of the year for Indian stock market and will always be remembered in the history of stock market. The sudden fall of the stock market by 1430 points on Monday afternoon was a terrible disaster that took whole of the Dalal street into the state of great ... More About: History , Finance , Stock Market , Market
BSNL CONSIDERING IPO - VALUED AT OVER USD 100 BILLION
2008-01-22 07:30:00 State-owned telecommunications company, BSNL (Bharat Sanchar Nigam Ltd) announced on Monday, 14th January 2008, its plans to launch India’s biggest IPO aimed at raising about Rs 40,000 crore, that is over $ 10 billion. BSNL Finance Director, S K Saxena said that this telco giant is valued at well over $ 100 billion. The company ... More About: Billion
Highest-ever fall ? Sensex plunges 1,400 pts
2008-01-21 14:12:00 Well, what we can say about the share market? Someone said it right that it is unpredictable and unanticipated. In one moment it moves up suddenly offering huge profits and dividends with the increase in the price of shares but on the other hand, it can mar your prospects by crashing your investments. However, such ... More About: Finance , Sensex , Fall
BSNL CONSIDERING IPO - valued at over USD 100 billion
2008-01-18 07:30:00 State-owned telecommunications company, BSNL (Bharat Sanchar Nigam Ltd) announced on Monday, 14th January 2008, its plans to launch India’s biggest IPO aimed at raising about Rs 40,000 crore, that is over $ 10 billion. BSNL Finance Director, S K Saxena said that this telco giant is valued at well over $ 100 billion. The company is ... More About: Billion
Microsoft Corp Beats the Street on PC Growth
2008-01-16 08:29:00 Microsoft Corp, the world’s largest software maker, has posted a 79 per cent rise in net income in the second-quarter and surpassed analysts’ estimates on its profits and sales of its Xbox 360 game console and Windows-based personal computers. For the three-month ended December 31, its profit rose $4.71 billion or 50 cents a share, from ... More About: Microsoft , Finance , Street , Growth , Microsoft Corp
Reliance Power IPO (initial public offering) - Power On, India On
2008-01-15 15:37:00 Well, what more can one say about the latest Reliance Power Initial Public Offering (IPO)? The numbers itself speaks volumes! Reliance Initial Public Offering attracted a lucrative bid of Rs. 2.45 trillion along with 27 lakh applicants: a staggering record of application for a new venture. It seems Anil Ambani is on a dream run ... More About: India , Finance
CAPARO GROUP to INVEST RS 1000 CR in INDIA
2008-01-14 10:32:00 Caparo is a fast growing group with business interests predominantly in the manufacture of steel, automotive and general engineering products. The Group ’s wider activities include materials testing service, hotels, film distribution and private equity investment. Headquartered in London, the company’s operations are spread over different parts of the UK, North America, Spain and India . A ... More About: Finance , Invest , Caparo
TV 18 allots its 14 lakh equity shares
2008-01-12 08:39:00 Network 18 is now all set to define its new corporate identity and project itself as the leader amongst the business news industry. The quality and standards of information and data provided by Network 18 is unbeatable and unmatchable. The existing channels and Networks of Network 18 holdings including TV18, GBN, Web18, Homeshop18, Viacom18, Studio18 ... More About: Finance , Shares , Equity , Allo , S 14
The Reserve Bank of India?s Reference Rate for the US Dollar and Euro
2008-01-11 14:16:00 The changing rate of currency in the international market is a global concern for various countries whose fate is decided by a dominating and developed nation’s economy. However, in case of India , which is a developing nation, it has been a peculiar case for the past few decades where the global scene has changed in ... More About: Finance , Euro , Dollar , Reference
India?s Stock Market is Rocking
2007-11-13 09:49:00 Indian share market is rocking. The BSE sensex has gained 10,000 points in a year and nine months. The sensex touched all time high of 20,025 on October 29, 2007. The BSE sensex had touched 10,000-mark for the first time on February 6, 2006. The rally is due to the massive investment by ... More About: India , Finance , Stock Market , Market , Stock
James M. Anderson as an Exchange Chairman
2007-11-13 09:49:00 James M. Anderson was elected chairman of the National Stock Exchange (NSX) on October 18, 2007. Anderson, who was the President and Chief Executive Officer of Cincinnati Children’s Hospital Medical Center when he was elected as chairman by the NSX board of directors, had been serving as an Independent Director on the NSX Board ... More About: Finance , James , Chairman
BSE Sensex Touches 20000-Mark on Monday
2007-11-13 09:48:00 The BSE sensex touched 20,000 for the first time on October 29, 2007. With this, India became the world’s 20th nation to see its stock market benchmark enter the league of bourses that have crossed the 20,000-point milestones. The rise on the sensex was due to heavy investments by foreign institutional investors (FIIs). Since 1993, FIIs ... More About: Finance , Sensex , Monday , Mark
Cheaper Loans Only If RBI Cuts REPO Rate
2007-10-01 08:08:00 Cheaper Loans @REPO Rate s Loans are a big means of cash inflow in all spheres of economical activity for a stable growth of all sectors in economy. In the banking sector of Indian economy, Reserve Bank of India (RBI) is the premium institution which regulates all the national banks and their commercial activity by regulating the monetary ... More About: Finance , Repo , Cuts |
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