Stock Market - Bombay Stock Exchange News

Bombay Stock Exchange News

Pyramid co-founder Kotecha sells 10% stake Tuesday, January 6, 2009 @ 9:03PMNirmal Kotecha, one of the founder-promoters of Chennai-based entertainment chain Pyramid Saimira Theatre Ltd, has sold close to 10% stake in the company.
Stimulus package Tuesday, January 6, 2009 @ 7:34PMUnder the second stimulus package the Government has re-imposed CVD (countervailing duty) and special CVD on imported cement, thus increasing the landed cost of cement.
Promoters stake in Satyam falls to 3.6% Tuesday, January 6, 2009 @ 4:28PMThe promoter holding in Satyam Computer Services today fell to 3.6 per cent after institutional lenders sold 24.52 million shares, the company said in a stock exchange filing.
Bank stocks make the most of govt, RBI action Tuesday, January 6, 2009 @ 4:17PMBanking stocks reaped windfall gains on a day the market was enthused by the Reserve Bank of India’s (RBI) liquidity boost and the government’s stimulus package.
Geojit exits commodity broking biz, gets Rs 40cr Friday, January 2, 2009 @ 12:30PMStock broking and commodities trading firm Geojit Financial today said it has discontinued its commodity broking business and has received a compensation of Rs 40 crore from BNP Paribas.
Satyam is set for a shakeout or takeover, says research firm Thursday, January 1, 2009 @ 10:16PMBANGALORE: Beleaguered Satyam Computer Services is heading for a major shakeout or a takeover following its bid to diversify from its core business into the realty sector, a study by global technology research firm Forrester Research Inc has said.
Punj Lloyd bags Rs 150 cr order in Singapore Thursday, January 1, 2009 @ 8:32PMEngineering and construction firm Punj Lloyd today said its Singapore-based subsidiary has bagged an order worth 44.7 million Singapore dollars (about Rs 150 crore) from ExxonMobil for engineering-related projects.
SC refers issue of interest tax on investments to tribunal Thursday, January 1, 2009 @ 8:08PMThe Supreme Court has referred a bunch of petitions, raising a similar question whether interest earned by banking companies on investments, which are in the form of securities, bonds and debentures, is liable to be assessed for tax, to a sectoral tribunal.
Omaxe bags Rs 200 cr order from Punjab govt Thursday, January 1, 2009 @ 1:43AMRealty player Omaxe today said it has received an order worth Rs 200 crore from the Punjab government for construction related works.
AP Financial NewsBrief at 7:07 p.m. EST Thursday, January 1, 2009 @ 12:16AMNEW YORK (AP) _ The last trading day of 2008 on Wall Street provided a merciful end to an abysmal year _ the worst since the Great Depression, wiping out $6.9 trillion in stock market wealth.
Bajaj brothers withdraw Law Board petition Wednesday, December 31, 2008 @ 9:23PMA day after Bajaj Auto chairman Rahul Bajaj bought back more than 29% stake in Bajaj Hindustan to be transferred to his brother Shishir Bajaj as part of the settlement...
Investors poorer by 57% last year Wednesday, December 31, 2008 @ 9:19PMIn the past year, investors lost more than 57% of their wealth. The crisis of confidence that began with the sub-prime woes and inflation wiped off Rs 41.56 lakh crore in market capitalisation through 246 trading sessions on the Bombay Stock Exchange in the last calendar year.
M&M exits Swaraj Mazda Wednesday, December 31, 2008 @ 6:45AMIndian vehicle major sells its 14.04% to Japan’s Sumitomo. Utility vehicle major Mahindra & Mahindra (M&M) today informed the Bombay Stock Exchange (BSE) of its decision to sell its 14.04 stake in Punjab-based commercial vehicle manufacturer Swaraj Mazda to Sumitomo Corporation of Japan.
Company buys back FCCBs worth Rs 121 cr Wednesday, December 31, 2008 @ 6:45AMAnil Ambani Group firm Reliance Communications today said it has bought back foreign currency convertible bonds (FCCBs) worth Rs 121.22 crore.
Troubled Raju turns to staff for support Wednesday, December 31, 2008 @ 6:44AMSatyam to focus on IT, BPO, chairman tells staff; TR Prasad to stay.
VIP Industries to sell Satara plant Wednesday, December 31, 2008 @ 6:43AMVIP Industries today informed the Bombay Stock Exchange that its board of directors has given in principle approval for sale of its manufacturing unit in Satara district of Maharashtra.
No takers for revised stock lending, borrowing scheme Tuesday, December 30, 2008 @ 5:33PMThe stock lending and borrowing scheme (SLBS) has found no takers despite recent initiatives by the Securities and Exchange Board of India (Sebi) to revive the segment.
Bharat Forge to mop up Rs 250 cr via debentures Tuesday, December 30, 2008 @ 5:30PMBharat Forge, a leading auto component manufacturing company, said its board has approved issue of non-convertible debentures for Rs 250 crore on private placement basis to Life Insurance Corporation (LIC) of India.
Reliance Money, FTIL plan stock exchanges Tuesday, December 30, 2008 @ 5:29PMThe National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are set to have some serious competition.
Court asks Rahul Bajaj to compensate minority shareholder Tuesday, December 30, 2008 @ 5:28PMA day before the settlement of the six-year-old Bajaj family dispute, the Mumbai High Court has asked Rahul Bajaj, the family patriarch and chairman of Bajaj Auto, to compensate the Pittie family, a minority shareholder in group investment firm Bachhraj & Company.
UCO Bank restructures equity capital Tuesday, December 30, 2008 @ 5:27PMKolkata-based UCO Bank has restructured its equity capital by reducing it by almost one-third from the current level of around Rs 800 crore, a move that would help the bank attract more investors.
RCom buys back FCCBs worth Rs 121 cr Tuesday, December 30, 2008 @ 3:46PMAnil Ambani Group firm Reliance Communications (RCom) today said it has bought back foreign currency convertible bonds (FCCBs) worth Rs 121.22 crore.
Equities markets fall as they open Monday, December 29, 2008 @ 7:58AMIndian equities markets fell soon after the opening bell Monday with a key index falling about 1.09 percent from its previous close within about 15 minutes into trade.
PNB receives in-principle approval for jt venture in Bhutan Monday, December 29, 2008 @ 7:43AMMUMBAI: State-run Punjab National Bank (PNB) on Monday said that it has received regulatory approval from the Royal Monetary Authority of Bhutan for setting up a bank in joint venture with the Bhutanese Promoters.
Core Projects buys K-12 divn of Princeton Review Monday, December 29, 2008 @ 7:35AMCore Projects & Technologies Ltd (Core), provider of end-to-end solutions in the education domain has acquired a unit of the US-based education company, The Princeton Review Inc (TPR) for about $20 million, the company said in a release to the Bombay Stock Exchange.
Bharat Forge okays issue of secured redeemable NCD Monday, December 29, 2008 @ 7:33AMBharat Forge, the manufacturer of various forged and machined components for the automotive and non-automotive sector has said in a filing to Bombay Stock Exchange (BSE) that the Company has approved issue of Secured Redeemable Non-convertible Debentures, aggregating to Rs 250 crore, on private placement basis, to Life Insurance Corporation of India (LIC).
PNB cuts BPLR by 50 basis points Monday, December 29, 2008 @ 7:33AMThe country’s second largest public sector lender Punjab National Bank (PNB) today informed the Bombay Stock Exchange (BSE) in a filing that it has reduced the benchmark prime lending rate (BPLR) by 50 basis points from 12.50% to 12%, effective January 1, 2009.
PNB, BOB cut interest rates up to 100 bps Monday, December 29, 2008 @ 7:29AMTwo leading public sector lenders Punjab National Bank and Bank of Baroda on Monday said they will reduce their prime lending rate by 50 and 75 basis points, respectively with effect from January 1.
Top banks, PNB, BOB, cut interest rates Monday, December 29, 2008 @ 7:27AMPunjab National Bank and Bank of Baroda said they will reduce their prime lending rate by 50 and 75 basis points, respectively with effect from January 1.
PNB, BOB cut interest rates up to 100 bps Monday, December 29, 2008 @ 7:04AMPunjab National Bank and Bank of Baroda said on Monday they will reduce their prime lending rate by 50 and 75 basis points, respectively with effect from January 1. Besides, PNB announced a reduction in its peak deposit rate by 100 basis points to 8.5 per cent for deposits of one year to less than three years beginning new year, the state-run lender said in a filing to the Bombay Stock Exchange.
Unitech gets telecom spectrum in 4 more circles Monday, December 29, 2008 @ 7:00AMMUMBAI, INDIA: Indian realty firm Unitech Ltd announced on Monday that its telecom subsidiaries had got wireless radio waves in four more service areas in the country.
Tide Water selloff put on fast track Saturday, December 27, 2008 @ 9:54PMCalcutta, Dec. 27: Andrew Yule, the diversified public sector company, has mandated SBI Caps to manage the divestment of Tide Water Oil.
Satyam board meeting put off Saturday, December 27, 2008 @ 7:52PMHYDERABAD: The meeting of the board of directors of Satyam Computer Services, slated for December 29, has been postponed. An official announcement with regard to the postponement will be made to the Bombay Stock Exchange (BSE) and the ...
Reliance Petroleum surges 6.34 per cent Saturday, December 27, 2008 @ 1:21PMShares of Reliance Petroleum (RPL) surged 6.34 per cent to close at Rs 84.70. The company announced the commissioning of its second refinery at Jamnagar yesterday.
Jubilant Organosys to buy back $253-mn FCCBs Saturday, December 27, 2008 @ 1:16PMFirm says proposed plan will not involve any equity dilution.
Jubilant Organosys to buyback FCCBs Saturday, December 27, 2008 @ 8:29AMNew Delhi-based pharmaceutical company Jubilant Organosys plans to buyback $253 million worth of foreign currency convertible bonds (FCCBs) after shares of the company slumped making it unattractive for investors to convert their bond holdings.
Two companies skip Nelp VII signing Thursday, December 25, 2008 @ 6:30PMThe government signed contracts for only 41 of the 44 oil exploration blocks awarded under the seventh round of the New Exploration Licensing Policy (Nelp VII) earlier this week after two companies which had won three blocks between them did not turn up.
Satyam board to discuss share buyback Thursday, December 25, 2008 @ 2:44PMCOMMENT ON THIS ! Your Views! The board of Satyam Computers will meet on December 29 to consider a share buyback after the company management decided to abort an acquisition of two infrastructure firms promoted by its chief’s sons.
Mahindra Ugine and Forgings to cut output Wednesday, December 24, 2008 @ 3:48PMOwing to the severe slowdown in the automotive sector, Mahindra Ugine Steel Company (Musco) and Mahindra Forgings (MFL) has stated that it will cut production by means of plant shutdowns and also through reduced working days.
Letter forged, say Sebi, Pyramid Saimira Wednesday, December 24, 2008 @ 3:44PMPyramid Saimira Theatre, the Chennai-based entertainment firm, was in the limelight Tuesday after it announced it was the victim of a forgery and the stock was frozen at circuit filer of 10 per cent on the Bombay and National Stock Exchanges for the second day in a row.
Shree Renuka sets up ethanol subsidiary Wednesday, December 24, 2008 @ 3:35PMShree Renuka Sugars Ltd, the Karnataka based sugarcane processor, has formed a subsidiary company for setting up an integrated sugar and ethanol plant in Maharashtra, according to a statement issued by the company today.
China Stocks Lure BlackRock, Mobius on Stimulus Plan (Update3) Wednesday, December 24, 2008 @ 11:46AMDec. 24 (Bloomberg) -- The biggest investors in emerging markets say China is the best choice for 2009, betting plans to stimulate growth will lead a stock market recovery in the fastest growing major economy.
Unitech skids 8% amid stake sale speculation Wednesday, December 24, 2008 @ 11:43AMRealty firm Unitech today plunged over 8% on the bourses amid speculation that it may divest up to 40% stake to overcome its financial woes. Shares of Unitech opened at Rs 40 and plunged to a low of Rs 38.75, down 8.39% over the previous close on the Bombay Stock Exchange.
Hinduja Foundries to cut working days at three units Tuesday, December 23, 2008 @ 4:16PMHinduja Foundries today informed the Bombay Stock Exchange that it would curtail the number of working days at its three units in Ennore, Sriperumbudur and Hyderabad.
Compact Disc India to invest Rs 309 cr in animation Tuesday, December 23, 2008 @ 4:05PMCompact Disc India (CDI), an integrated media and entertainment company, today said it will invest $63 million (Rs 309 crore) for animation feature film and multi platform gaming.
Sebi finds no violation by Satyam Tuesday, December 23, 2008 @ 4:04PMUnlikely to launch formal probe into IT firm’s Maytas move.
It appears that the letter is being circulated with ulterior motives, the market watchdog says. It is also separately ... Tuesday, December 23, 2008 @ 1:44PMSEBI on Tuesday said it was probing allegation of price manipulation in the shares of Pyramid Saimira Theatre Ltd. (PSTL), which claims it received a fake letter from the capital market regulator asking it to make an open offer several times higher than the current market price.
PBA Infra gets contracts worth 479.6 mln rupees Tuesday, December 23, 2008 @ 1:29PMMUMBAI, Dec 23 (Reuters) - PBA Infrastructure Ltd on Tuesday said it got two construction orders from Maharashtra authorities amounting to 479.6 million rupees.
Jaypee Hotels to merge with Jaiprakash Associates Monday, December 22, 2008 @ 5:43PMHospitality major Jaypee Hotels today said it has received approval from its board for the merger of the company with parent firm Jaiprakash Associates.
Tata Motors keeps spending on Jaguar Land Rover Monday, December 22, 2008 @ 4:29PMMUMBAI, India -- Tata Motors Ltd. has been spending money on its Jaguar Land Rover subsidiary and will continue to do so as needed, a Tata spokesman said Monday after media reports that the Indian auto giant had agreed to infuse the unit with tens of millions of pounds to avert a cash flow crisis.