Alibaba shares surge 46 percent in their debut
Published on Saturday, September 20, 2014 10:26 AM
Alibaba Group Holding Ltd's shares rose as much as 46 percent in their first day of trading on Friday, lifting the Chinese online retailer's value to $244 billion. ...
The company's initial public offering, on track to be the biggest ever if underwriters exercise their option to sell more shares, will help fund Alibab
UCO Banks mulls sending wilful defaulter notice to KFA
Published on Friday, September 19, 2014 5:45 PM
Public-sector lender, UCO Bank today said that it was mulling whether to send a wilful defaulter notice to debt-ridden Vijay Mallya-owned Kingfisher Airlines, which is now grounded, said the media report. "We are weighing the possibility of sending wilful defaulter notice to Kingfisher Airlines. The bank's exposure to the company is ...
ONGC invests Rs 81,890 cr to increase output: Report
Published on Friday, September 19, 2014 5:36 PM
In wake of declining output due to ageing fields, state-controlled oil and gas explorer Oil and Natural Gas Corporation (ONGC) on Friday said it has invested Rs 81,890 crore to discover new oil blocks, PTI reported. In a communication with shareholders at company's annual general meeting (AGM), ONGC Chairman and Managing Director Dinesh K ...
Top rice exporter India importing over 100,000 T on temporary supply squeeze
Published on Friday, September 19, 2014 3:28 PM
By Mayank Bhardwaj ...
NEW DELHI - India, the world's top rice exporter, is preparing to import the grain for the first time in nearly a quarter of a century to feed its remote and hilly northeastern region where rail freight is being disrupted due to a track overhaul.
The country will
India caps prices of 36 more drugs to improve access - government official
Published on Saturday, September 20, 2014 10:21 AM
By Aditya Kalra and Zeba Siddiqui ...
NEW DELHI/MUMBAI - India has capped the prices of 36 drugs, including those used to treat infections and diabetes, in its latest move to make essential medicines more affordable, a senior official of the country's drug pricing authority told Reuters on Friday.
Suzlon slumps; convertible bonds turned to shares
Published on Friday, September 19, 2014 3:00 PM
Market Eye - Suzlon Energy slumps by maximum daily limit of 10 percent.
Part of Suzlon's foreign currency convertible bonds were exchanged to shares on Sept. 9.
Those 270.4 million shares started to trade on Friday.
(Reporting by Abhishek Vishnoi)
Indiabulls Power surges; Motilal says 75 pct upside
Published on Friday, September 19, 2014 10:36 AM
Market Eye - Indiabulls Power Ltdsurges by maximum daily limit of 5 percent. ...
Motilal Oswal initiates coverage with a "buy" rating and target of 21 rupees.
Cites capacity expansion and "compelling" valuations as key reasons.
(Reporting by Abhishek Vis
Tata group shares gain after Moody's upgrades ratings
Published on Friday, September 19, 2014 10:34 AM
Market Eye - Tata group shares gain after Moody's upgrades ratings across member companies. ...
Tata Power is up 1.2 percent, while Tata Steel gains 0.8 percent.
Tata Chemicals advances 1.3 percent.
Moody's cites "expectation of parental and systemi
LIC takes bullish view of Modi's India
Published on Friday, September 19, 2014 9:23 AM
By Himank Sharma and Rafael Nam ...
MUMBAI- The chairman of India's largest investor, Life Insurance Corporation of India (LIC), said on Thursday he saw few red flags ahead, betting on a long-term rally for the country's stock market under a new pro-business government.