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25 June, 2018 10:23 AM India Inc's foreign direct investment dips 63% to $1.17 bn in May

Indian companies' investments into their overseas subsidiaries/joint ventures fell by 63 per cent to USD 1.17 billion in May this year, according to RBI data. In May 2017, India Inc's foreign direct investment stood at USD 3.12 billion. In April 2018, the outward foreign direct investment (OFDI) of Indian firms was USD 3.56 billion. Of the total investment 29

25 June, 2018 9:07 AM Buy Tata Steel: Equity99

We believe Tata Steel is an ideal play on the domestic steel growth story, with the acquisition of Bhushan Steel is expected to provide volume growth in the near term, says Sumit Bilgaiyan of Equity99. Tata Steel plans to double its existing domestic capacity in the next 5 years through a mix of organically like debottlenecking Kalinganagar plant for 5mmtpa 24

22 June, 2018 10:48 AM Cabinet nod to set up private industrial park as DTA

Odisha cabinet has approved a proposal to utilise a piece of land in Ganjam district as a Domestic Tariff Area (DTA) to set up a Private Industrial Park by a Tata group company, a government official said today. The DTA is a zone outside an SEZ, enabling companies to set up manufacturing units that cater to the needs of the domestic market, whereas an SEZ is for export 38

22 June, 2018 7:06 AM Jefferies retains hold on Tata Steel, sees strong Q1 margins in India, Europe

Shares of Tata Steel are trading higher by almost 1 percent this Friday afternoon hitting an intraday high of Rs 564 per share. The steel maker on June 20, 2018 announced that it has started despatch of Ferro Chrome branded as Tata Tiscrome from its ferro chrome plant located in Gopalpur Industrial Park in Odisha's Ganjam district. The recently commissioned 43

22 June, 2018 4:40 AM Bloom Hotels emerges as top bidder at NDMC hotel auction

New Delhi Municipal Council (NDMC) held an e-auction today for the property. This is the second of the three properties to be auctioned by it. Midmarket segment operator Bloom Hotels emerged as the highest bidder to run the Asian International hotel in New Delhi. New Delhi Municipal Council (NDMC) held an e-auction yesterday for the property. This is the second 29

21 June, 2018 12:13 PM TCS ranks among top 100 brands in U.S

Tata Consultancy Services Ltd (TCS) has been ranked among the top 100 most valuable U.S. brands for the fourth consecutive year by Brand Finance, a leading brand valuation firm. TCS has been ranked 58th among America’s most valuable brands across all sectors, rising five places from last year’s analysis. “TCS’ brand value of $10.391 billion represented 36

21 June, 2018 10:46 AM Taj Group Wins Bid, Acquires 33-Year Lease For The Connaught Hotel

The NDMC had last year decided to auction The Connaught and re-auction Asian Hotel, after they were sealed by it in 2015. New Delhi: The Connaught, a premium hotel in Lutyen's Delhi, was successfully acquired by Tata's Indian Hotel Company Limited (IHCL) in an e-auction conducted by the New Delhi Municipal Council (NDMC) today. "The successful bidder 36

20 June, 2018 4:18 PM Taj group acquires Lutyen's Delhi hotel in NDMC auction

The Connaught, a premium hotel in Lutyen's Delhi, was successfully acquired by Tata's Indian Hotel Company Limited (IHCL) in an e-auction conducted by the New Delhi Municipal Council (NDMC) today. "The successful bidder is the Taj group which will pay 31.80 per cent of the Gross Turn Over (GOT) or Rs 5.868 crore per annum, whichever is higher. This current 36

20 June, 2018 7:08 AM Market Update: Bajaj Finance hits fresh 52-week high; RIL jumps 2%, TCS most active

The breadth of the market favoured advances, with 922 stocks advancing, 722 declining and 402 remaining unchanged. On BSE, 1256 stocks advanced, 1099 declined and 119 remained unchanged. The broader indices including the Nifty and the Sensex extended the morning gains this Wednesday afternoon with the Nifty up 50 points at 10,759 and the Sensex 37

19 June, 2018 5:08 AM Buy Tata Motors, target Rs 340: Aditya Agarwala

On the daily chart, Tata Motors is on the verge of a breakout from a Flag pattern neckline placed at 314 (as indicated on chart) indicating bullishness building up in the stock. A sustained trade above Rs 314 with healthy volumes can resume the uptrend taking it to levels of 328-340. Further, it has taken support at the 50% Fibonacci retracement level 44