Bharti Airtel plummets on CBI charges

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Shares of India’s largest telecom operator Bharti Airtel fell as much as 3.7 per cent on Friday at Bombay Stock Exchange (BSE) after CBI filed charge sheet in Delhi High Court for alleged irregularity in spectrum allocation during NDA regime.

CBI’s lawyer AK Sinha said all the accused have been booked for criminal conspiracy und

Eros International Media dips over 2% after OFS oversubscribed 4.4 times

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Shares of Eros International Media dipped over 2 per cent on the Bombay Stock Exchange after the offer for sale of 2.8 per cent stake in film distribution company was oversubscribed 4.4 times. The promoters of the company, Eros Worldwide, on Wednesday announced to sell 2.8 per cent of its holding in the film distribution on December 20.

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Kingfisher Airlines jumps over 4% on hopes of renewal of licence

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Shares of India’s most beleaguered carrier Kingfisher Airlines jumped over 4 per cent on Bombay Stock Exchange on hopes of renewal of its operating licence. After remaining grounded for over three months, Kingfisher Airlines on Thursday filled application for renewal of its Scheduled Operator's Permit (SoP) to aviation regulator Directorate

Mahindra Lifespace Developers slips over 1% on stake offload by Singapore-based Amansa Investments

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Shares of Mahindra Lifespace Developers Ltd, the real estate and infrastructure development arm of the Mahindra group, slipped over 1 per cent on Bombay Stock Exchange (BSE) after Singapore-based fund management firm Amansa Investments offloaded its entire 5.96 per cent stake in the company. Reacting to the news, shares of the company started the day

PVR jumps over 4% on stake buying by L&T Finance

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Shares of PVR jumped over 4 per cent on Bombay Stock Exchange (BSE) after L&T Finance bought 11.41 per cent stake equivalent to 3.293 million shares in the cinema exhibitor. “The mode of acquisition is “pledge of shares by promoters,” PVR informed to the BSE on Thursday.

Cheering the news, shares of the company started

Adani Enterprises soars over 5% on higher share-sale floor price

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Shares of Adani Enterprises soared over 5 per cent on Bombay Stock Exchange (BSE) after the promoters today fixed higher share sale floor price at Rs 282 for selling the company's 23 million shares through offer for sale (OFS).

Rebounding from yesterday’s losses over 7 per cent, shares of the company started the day on the positiv

BGR Energy Systems rallies over 6% on bagging order worth Rs 1,548 cr from NTPC

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Shares of BGR Energy Systems rallied over 6 per cent on the Bombay Stock Exchange after the company bagged orders worth Rs 1,548 crore from NTPC. The contract includes supply of steam turbine and generators from state owned NTPC for the proposed 2X800 MW super thermal power project at Lara in Chattisgarh.

Cheering the news, shares of the co

DLF slips over 1% on news of selling Aman Resorts for Rs 1600 crore

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Shares of country’s leading real estate player DLF slipped over 1 per cent on the Bombay Stock Exchange on news of its selling Aman Resorts for Rs 1600 crore to repay debt. In line with benchmark indices, shares of the company started the day on the weak note and witnessed a loss of as much as 1.08 per cent to trade at Rs 223.10 a piece on the B

Reliance Power dips over 2% post OFS offer

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Shares of Anil Ambani-controlled firm Reliance Power dipped over 2 per cent on the Bombay Stock Exchange after the company completed the offer for sale (OFS) transaction at a price of Rs 95 per share on a proportionate allocation method. The company has raised gross sales proceeds of approximately Rs 1,500 crore by selling 5.4 per cent stake in the An

Gujarat Apollo Industries hits 52-week high on reports of stake buy by Ammann Group

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Shares of Gujarat Apollo Industries plunged over 17 per cent, hitting 52-week high, on the Bombay Stock Exchange on reports that Swiss building materials maker Ammann Group is buying 70 per cent stake in the consolidated road construction equipment business of the company in a deal valuing at Rs 400 crore ($73 million). Cheering the news, shares of th

GMR Infrastructure jumps over 2% on Nepal government approval to increase capital in hydro power projects

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Buoyed by the Nepal government nod to Indian infrastructure major to increase the authorised capital in its hydro power projects in Nepal to Rs 1.9 billion, shares of GMR Infrastructure jumped over 2 per cent on Bombay Stock Exchange (BSE).

The Nepal government also extended its survey license to Indian infrastructure major by six months. C

Rashtriya Chemicals and Fertilizers soars nearly 5% on divestment plan

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Shares of state-owned firm Rashtriya Chemicals and Fertilizers soared nearly 5 per cent on Bombay Stock Exchange (BSE) on hopes that government may put the company on the block to divest its stake through offer for sale. As per media reports, the cabinet committee on economic affairs (CCEA) is likely to meet on Saturday to take a decision on the dives

Karnataka Bank dips nearly 4% on reports of Sebi probe

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Shares of Karnataka Bank dipped nearly 4 per cent on the Bombay Stock Exchange on reports of Sebi probe in the recent volatility of the stocks of the lender. The recent surge in the stock of the Karnataka Bank has caught attention of capital market regulator the Securities and Exchange Board of India (Sebi), which is probing role of traders in recent

Eros International Media gains over 2% on reports of stake offload by promoters

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Shares of Eros International Media gained over 2 per cent on the Bombay Stock Exchange after promoters of the company, Eros Worldwide, announced to sell 2.8 per cent of its holding in the film distribution on December 20. Cheering the news, shares of the company started the day on the positive note and witnessed a gain of as much 2.67 per cent to tra

ONGC jumps over 2% on offering of stake by Russia’s Rosneft

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Shares of state-owned oil&gas firm Oil & Natural Gas Corporation jumped over 2 per cent on the Bombay Stock Exchange after Russia’s Rosneft offered ONGC Videsh Ltd. (OVL) a stake in Magadan-2 and Magadan-3 exploration blocks in the northern part of the Sea of Okhotsk in eastern Russia. Cheering the news, shares of the company started the

RIL has agreed to CAG audit for KG-D6 block: Oil Ministry

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Oil Ministry has informed Rajya Sabha that the energy giant Reliance Industries Ltd. has agreed for audit by the Comptroller and Auditor General of India (CAG) regarding the spending made by the company in its KG-D6 gas block. "RIL has agreed to audit by CAG for block KG-DWN-98/3 (KG-D6) for the years 2008-09 to 2011-12 without prejudice to the r

Liberty Phosphate plunges 10% on denial of buyout report

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Shares of Liberty Phosphate, one of the largest manufacturer of SSP (Single Super Phosphate) Fertilizer, plunged 10 per cent on Bombay Stock Exchange after the company denied a news report stating that Coromandel International plans to acquire the company. Commenting on the development, Liberty Phosphate said, “With reference to the news item ap

Compucom Software rallies 10% on reports of stake buy Rakesh Jhunjhunwala

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Buoyed by the reports of stake buy by renowned Indian investor and trader Rakesh Jhunjhunwala, shares of the software firm Compucom Software rallied over 10 per cent on the Bombay Stock Exchange. As per reports, Rakesh Jhunjhunwala will acquire 5 lakh shares of the company in a deal worth Rs 1.25 crore through open market transaction.

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Sun Pharmaceutical jumps 2% on acquisition of URL generic biz

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Drug maker Sun Pharmaceutical Industries jumped 2 per cent on the Bombay Stock Exchange after the company announced that it has bought generic business of URL pharma through its subsidiary for an undisclosed amount. “Caraco Pharmaceutical Laboratories, wholly-owned subsidiary of the company, has entered into a definitive agreement with Takeda Ph

Jaiprakash Power plunges over 10% on promoter stake sale report

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Shares of Jaiprakash Power Ventures, a part of India's leading Infrastructure conglomerate - Jaypee Group, plunged over 10 per cent on Bombay Stock Exchange on reports of the promoter’s stake sale plan. As per media reports, the promoter of the company plans to sell 50 million shares in the company via open market transaction.

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Kingfisher Airlines jumps over 3% on hopes of fund infusion

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Shares of India’s most beleaguered carrier Kingfisher Airlines jumped over 3 per cent on Bombay Stock Exchange on Tuesday after the company’s promoter Vijay Mallya proposed to infuse funds of around Rs 425 crore into the airline to restart operation in phased manner as and when DGCA gives the go-ahead.

Cheering the news, shares

Wheels India hits fresh 52-week high on fund raising plan

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Shares of steel wheels manufacturer Wheels India soared nearly 7 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after announcing fund raising plans up to Rs 100 crore through equity to meet its capital requirements. Cheering the news, shares of the company started the day on a positive note and witnessed a gain of as much 6.94 per

Honeywell Automation zooms 20% on strong response for OFS

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Buoyed by the strong response for the offer-for-sale (OFS), shares of country’s leading integrated automation and software solution provider Honeywell Automation India Limited zoomed 20 per cent on the Bombay Stock Exchange. The company has received a total bid for 4.07 million shares against 0.55 million shares offered for sale, Honeywell Asia

Jet Airways jumps over 4% on reports of stake sale talks with Etihad Airways PJSC

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Shares of Jet Airways (India) jumped over 4 per cent on the Bombay Stock Exchange on reports that Etihad Airways PJSC will decide this week whether to buy equity stake in the national airline. Riding high on the speculation, shares of the company started the day on a positive note and witnessed a gain of as much 4.03 per cent to trade at Rs 633.70 pie

Kingfisher Airlines dips nearly 5% a day ahead of lenders meeting

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Shares of troublesome carrier Kingfisher Airlines dipped nearly 5 per cent on the Bombay Stock Exchange a day ahead of lenders meeting with its promoter, Vijay Mallya, and the rest of the brass to chart a way forward for the grounded airline. Maintaining cautious approach, shares of the company started the day on weak note and witnessed a loss of as m