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20 February, 2018 6:24 AM Markets open flat amid investor caution

New Delhi: Stock markets on Tuesday opened flat amid investor caution. The BSE Sensex which opened at 33913.94 was trading 81.65 points or 0.24 percent up in early morning trade. The wider Nifty50 of the National Stock Exchange (NSE) traded at 10,392.90 points, up 14.50 points or 0.14 percent from the previous close. Sectoral indices led by metal, capital 31

20 February, 2018 4:55 AM Sensex recovers 157 points, Nifty above 10,400-mark

Stocks staged a comeback in early trade with the BSE Sensex gaining over 157 points and the Nifty recapturing the 10,400-level on buying by investors in metal, capital goods, teck and IT stocks amid a mixed trend at other Asian Markets. The 30-share Sensex recovered by 157.24 points, or 0.46% , to 33,931.90 in opening trade. The index had lost 522.81 points 27

19 February, 2018 3:54 AM Bhushan Steel hits 20% upper circuit post Tata Steel’s takeover bid

Tata Steel emerged as the highest bidder for Bhushan Steel with a surprise bid of Rs 35,000 crore. Stock falls 5 percent intraday. Shares of Bhushan Steel hit 20 percent upper circuit on Monday as investors cheered developments surrounding its takeover bid. Tata Steel emerged as the highest bidder for Bhushan Steel with a surprise bid of Rs 35,000 crore 38

16 February, 2018 6:43 AM HG Infra Engineering IPO to open on February 26, aims to raise Rs 462 cr

Infrastructure construction and management company HG Infra Engineering will open its initial public offering for subscription on February 26, with a price band of Rs 263-270 per share. The anchor portion will open a day before the issue opens for subscription. The IPO, which will close on February 28, consists of a fresh issue of up to Rs 300 crore 24

15 February, 2018 5:34 PM Profit at Modi’s ANM surged 543 times in FY16

Nirav Modi’s holding company ANM Enterprises saw profit soar more than 543 times to ₹24.79 crore in FY16, from ₹4.56 lakhs in the year earlier period. In stark contrast, the controversial tycoon’s flagship firm Firestar Diamond Pvt. Ltd. reported a loss of ₹28,788 in FY16, widening slightly from FY15’s loss of ₹27,811. Firestar Diamond is Mr. Modi’s 45

15 February, 2018 8:04 AM Piramal Finance plans to invest $2 billion in affordable housing

Eyes projects on 100-300 acre parcels on outskirts of cities Piramal Finance Ltd. (PFL), a subsidiary of Piramal Enterprises Ltd., plans to invest $2 billion (more than ₹12,800 crore) in the affordable housing sector by 2020, a top executive said. “Affordable housing will take off in a big way with government push,” said Khushru Jijina, managing director 29

15 February, 2018 3:07 AM Idea Cellular Launches Up To Rs 3,500 Crore Share Sale

Mumbai: Wireless carrier Idea Cellular on Wednesday launched a share sale to institutional investors to raise up to Rs 3,500 crore ($546 million) ahead of its merger with Vodafone's Indian business. Idea, part of the metals-to-financials Aditya Birla conglomerate, intends to use the funds to reduce debt including loans for airwave purchases, it said in a regulatory 39

14 February, 2018 1:41 PM Aster DM Health IPO subscribed 45% on day 2

The initial public offer of Aster DM Health was subscribed 45 percent on the second day of its public issue today, according to merchant bankers. The IPO, which aims to raise Rs 980 crore, received bids for over 1.62 crore shares against the total issue size of over 3.74 crore scrips. The portion reserved for institutional investors was subscribed 51 per cent, non-institutional 28

12 February, 2018 4:07 PM Promoters infuse ₹3,250 crore in Idea

Aditya Birla Group stake is now 47.2% The Aditya Birla Group has infused ₹3,250 crore into Idea Cellular by subscribing to the preferential allotment of shares, thereby increasing the promoters’ stake to 47.2% from 42.4%. “Idea Cellular Limited, the third-largest wireless operator in India by subscribers, [on Monday] completed the allotment of 326,633,165 equity 25

12 February, 2018 4:03 PM ArcelorMittal, Numetal in race for Essar Steel

Vedanta, JSW, Tata Steel keep off; ‘Essar promoter’s son Rewant is minority shareholder in Numetal and can particpate’ Steel baron L.N. Mittal-led ArcelorMittal and Mauritius-based Numetal, backed by Russian VTB Bank and Rewant Ruia as minority shareholder, have submitted bids to buy out distressed Essar Steel, in line with the corporate insolvency resolution 26