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20 June, 2018 1:33 PM Adani Transmission acquires 100% equity in Ghatampur SPV

Adani Transmission said that it has acquired 100 percent equity in share capital of Ghatampur Transmission Ltd (GTL) yesterday, which will set up 900 circuit Km transmission line to primarily evacuate power from 3X660MW Ghatampur Thermal Power Project. "The company has acquired 100 per cent equity share capital of GTL from REC Transmission Projects Company 18

20 June, 2018 10:36 AM BJP seeks Rahul Gandhi's apology over Rohit Vemula episode

The BJP today accused the Opposition of deceiving and exploiting the sentiments of the mother of Rohith Vemula, a scholar whose suicide in 2016 had sparked a major political row, for petty political gains and also sought apology from Congress president Rahul Gandhi over this. Union Minister Piyush Goyal cited reports that Vemula's mother Radhika Vemula 34

20 June, 2018 7:54 AM RITES IPO Opens Today: Should You Subscribe? Five Things To Know

RITES IPO's floor price is 18 times of the face value of the equity shares, and the cap price is 18.5 times of the face value of equity shares. The RITES IPO (initial public offering) opened on Wednesday. The issue was subscribed upto 19 per cent by 1.15 pm. A total of 48,22,160 bids were received by afternoon today for a total issue size of 2.52 crore 24

20 June, 2018 6:43 AM Credit Suisse upgrades Bajaj Auto to Outperform, sees 18% upside on increased EPS

Bajaj Auto looks relatively better amongst 2-wheelers, the global brokerage firm feels. Credit Suisse has upgraded the rating on Bajaj Auto to Outperform with a target price at Rs 3,360 per share, implying a 18 percent potential upside. The stock price rose a percent intraday on Wednesday. The research house also raised its earnings estimate by 4-6 percent 27

20 June, 2018 6:16 AM Kansai Nerolac Paints down 2%, to acquire 55% in RAK Paints

Share price of Kansai Nerolac Paints declined 2.6 percent intraday Wednesday. The company entered into share purchase agreement (SPA) to acquire 55% in RAK Paints, Bangladesh. The company has entered into SPA to acquire 55% of the paid-up equity share capital of RAK Paints, Bangladesh for a total consideration of Bangladeshi Taka (BDT) 57.26 crore (approximately 27

20 June, 2018 4:15 AM Fine Organic Industries raises Rs 180 cr from anchor investors

Chemicals firm Fine Organic Industries on June 19 raised Rs 180 crore from anchor investors, ahead of its initial share sale today. The company has allotted 22,99,497 equity shares to 15 anchor investors at Rs 783 per scrip, garnering Rs 180.05 crore, Fine Organic Industries said in a statement. Among the anchor investors are Goldman Sachs India, HDFC Small 30

20 June, 2018 2:12 AM Stocks in the news: Cipla, Infosys, Wheels India, Oberoi Realty, Huhtamaki PPL

Cipla | Infosys | Wheels India | Oberoi Realty | Huhtamaki PPL | Oberoi Realty | MPS and IndoStar Capital Finance are stocks which are in news today. Cipla has received final approval for its abbreviated new drug application for Efavirenz tablets 600mg from the USFDA. It is indicated in combination with other antiretroviral agents for the treatment 27

19 June, 2018 5:16 PM ‘BJP-PDP alliance set fire to J&K’

The Opposition parties reacted sharply to the BJP’s decision to pull out of the alliance with the Peoples Democratic Party in Jammu and Kashmir, accusing the Union government of running away after pushing the State off the precipice. The Congress, which holds 12 seats in the Assembly, has ruled out stitching together an alliance with other two Kashmiri 36

19 June, 2018 4:36 PM Kansai Nerolac to acquire 55% stake in RAK Paints to enter Bangladesh

Paint maker Kansai Nerolac today said it is in process to acquire 55 per cent equity stake in Bangladesh-based RAK Paints. The Mumbai-based company has entered into share purchase agreement to acquire equity stake in Bangladesh-based RAK Paints, Kansai Nerolac Paints informed in a regulatory filing. This would be for a total consideration of Bangladeshi 21

19 June, 2018 2:36 PM Govt prepares standardisation plan to boost economy, promote brand India

The government on Tuesday came out with a product and services standardisation strategy, which includes promoting brand India, developing quality norms for services sector and ease compliance burden for small and medium enterprises. It is expected that all elements of the strategy would be undertaken and completed over a five-year period (2018-23). "The rapid 23