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Markets in a spot of bother

The prospects of a payments crisis on the National Spot Exchange Ltd (NSEL) — a commodities bourse in which Financial Technologies (India) Ltd holds a 99 per cent stake — spooked the markets today and sent the FTIL stock plunging 65 per cent to Rs 191.75....   | Read..
 

Mixed trend in July car sales

Nine car makers reported a consolidated 7 per cent drop in sales at 168,335 units in July compared with 181,117 units in the same month last year, a sign that the slump i...   | Read..
 

Marginal rise in BoB net

Bank of Baroda (BoB) today posted a 2.6 per cent growth in net profit at Rs 1,167.87 crore for the first quarter ended June, helped by a sharp jump in its other income. ...   | Read..
 

Tata Global profit up 44%

Tata Global Beverages Ltd has reported a 43.69 per cent jump in consolidated net profit at Rs 111.63 crore for the quarter ended June against Rs 77.69 crore during the sa...   | Read..
 

Clarity on control in new definition

The government today widened the definition of the term “control” for mergers and acquisitions involving overseas companies to provide more clarity to foreign...   | Read..
 
Markets in a spot of bother


 Press Releases
 

Idea Cellular to raise Rs 3750cr

The board of Idea Cellular today cleared plans to raise Rs 3,750 crore even as the telecom company announced a 97.6 per ...   | Read..
 

IOC stake sale gets a go-ahead

The cabinet today approved a proposal that will allow the government to divest a 10 per cent stake in Indian Oil Corpora...   | Read..
 
 
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