April 3rd, 2018India's leading private multinational bank, ICICI had its shares drop considerably by 7 percent on the first trading day of the financial year 2018-19 right after Central Bureau of Investigation(CBI) imposed an inquiry relating to the loan sanctioned to Videocon Group.
After a close at Rs. 261.9 and down by 5.93 percent on BSE from...
March 14th, 2018The initial public offer of Indian govt led defence organisation Bharat Dynamics has subscribed 32 percent on the first day of bidding.
The IPO to raise Rs 960 crore received bids for 72,49,970 shares against the total issue size of 2,24,51,953 shares, data available with the NSE till 1700 hrs showed.
The portion reserved for...
March 13th, 2018After the news of Tata selling some part of Tata Consultancy Services (TCS) shares, the market has not responded positively. The shares of TCS has fallen nearly 6% at the end of today.
As per the following reports that Tata Sons is planning to raise around Rs 8,200 crore by selling a stake in the IT major. The stock declined 5.46 per...
January 31st, 2018Walmart may acquire a 15-20% stake in Flipkart, allowing them to combine synergies to compete with Amazon in India.
US leading retail store chain WalMart is in advanced talks to buy a minority stake in Indian e-commerce firm Flipkart, Indian financial daily the Economic Times reported on Tuesday.
Walmart could buy a 15 percent to 20...
January 14th, 2018Retail chain Shoppers Stop today said it has allotted 5 per shares worth Rs 179.26 crore to Amazon.com NV Investment Holdings LLC, an investment arm of Amazon.com.
According to a BSE filing by the company, it has issued of 43,95,925 equity shares of Rs 5 each at a price of Rs 407.78 per equity share, aggregating around Rs 179.26...
December 18th, 2017The BSE Sensex and NSE Nifty rose after falling over 2% in the opening trade on Monday under the influence of close fight in voting between BJP and Congress in Gujarat and Himanchal Pradesh. The disturbance also weakened against the US Dollar, while bond yield hit a fresh 16-month high.
As the market opened, BSE Sensex was down by...
November 13th, 2017U.S. chipmaker Qualcomm Inc is making preparations to reject rival Broadcom Ltd’s $103 billion bid as early as this week, four people familiar with the matter said on Sunday, setting the stage for one of the biggest-ever takeover battles.
Qualcomm’s board of directors could meet as early as Sunday to review the unsolicited...
August 28th, 2017Infosys founders are likely to sell some of their stake in the company's under Rs 13,000-crore share buyback programme, the company said today.
The promoters keenness to participate in the buyback comes within days of a silent coup by founders led by N R Narayana Murthy to seize control of Indias second-biggest software services...
August 12th, 2017Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company's ousted chief executive, Travis Kalanick, dealing another blow to the firm as it struggles to recover from a series of scandals and hire a new leader.
On Friday morning, three...
July 14th, 2017The board of e-commerce firm Infibeam Incorporation today approved share split plan in the ratio of 1:10 that will make its scrip more affordable for the investors and increase market liquidity.
The board also cleared amalgamation of CC Avenue with the company in which Infibeam has controlling stake.
"The Board of Directors of the...
June 6th, 2017Wipro Limited Chairman Azim Premji has denied a media report that promoters of the IT company were evaluating sale of their holdings and said he "remains committed to Wipro."
In his letter to Wiproites, he had termed the news article reportedly published in this regard as "baseless and malicious."
A news website had yesterday...
May 22nd, 2017Kotak Mahindra Banks promoter Uday Kotak today sold 1.8 crore shares of the private sector lender for a little over Rs 1,687 crore, bringing down his stake to below 30 per cent to meet the RBI directive.
The shares were purchased by several entities, including Canadian pension fund Caisse de Depot et Placement du Quebec and Fidelity...
