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Archive: All news

  • Macquarie bets on normal monsoon, pay panel recommendations to boost auto sector

    20 June, 2018 7:09 AM 7

    Shares of automobile companies have not had a great year so far, falling around 7 percent on a year to date basis. But, going forward, global research firms such as Macquarie are upbeat on the sector, citing multiple factors. For instance, Macquarie is expecting rural sentiment to improve based on normal monsoon forecast. Along with it, implementation

  • Market Update: Bajaj Finance hits fresh 52-week high; RIL jumps 2%, TCS most active

    20 June, 2018 7:08 AM 9

    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 SensexÂ

  • Biscuit maker Anmol Industries files Rs 750cr IPO paper with SEBI

    20 June, 2018 6:56 AM 7

    Kolkata based biscuit maker Anmol Industries has filed the draft red herring prospectus with capital market regulator Securities and Exchange Board of India (SEBI) for its initial public offering. The public issue consists of offer for sale of Rs 750 crore by Baijnath Choudhary & Family Trust (Rs 720.4 crore), SKG Land Developers LLP (Rs 22.5 crore)

  • Killed Soldier Aurangzeb's Family "Inspiration", Says Nirmala Sitharaman

    20 June, 2018 6:52 AM 7

    Defence minister met the family of Aurangzeb, the soldier who was kidnapped and killed by terrorists in Jammu and Kashmir Jammu and Kashmir: Defence minister Nirmala Sitharaman met the family of Aurangzeb, the soldier who was kidnapped and killed by terrorists in Pulwama in south Kashmir on June 14. "I came to meet the martyr's family. I have spent some time here. One message

  • Credit Suisse upgrades Bajaj Auto to Outperform, sees 18% upside on increased EPS

    20 June, 2018 6:43 AM 9

    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

  • Buy Motherson Sumi Systems, target Rs 340: Mustafa Nadeem

    20 June, 2018 6:38 AM 10

    A bullish formation at such support gives an opportunity for investors to ride the bullish trend for a target of Rs 340, says Mustafa Nadeem of Epic Research. Motherson Sumi Systems has made a bullish engulfing pattern on the daily chart. Further, this support marks resulted in a triple bottom formation making it attractive at present levels. A bullish

  • Sikkim govt announces A.R. Rahman as its Brand Ambassador

    20 June, 2018 6:31 AM 6

    The music composer will promote and project the state’s achievements nationally and globally. Renowned music composer A.R. Rahman has been appointed as the Brand Ambassador of the Sikkim government, an official notification said. Mr. Rahman will promote and project the state’s achievements nationally and globally, the notification issued by the Chief

  • Plea against TTV Dhinakaran’s victory in RK Nagar bypoll rejected

    20 June, 2018 6:26 AM 7

    The Madras High Court on Wednesday rejected an election petition challenging the victory of Amma Makkal Munnetra Kazhagam leader T.T.V. Dhinakaran as an independent candidate from R.K. Nagar Assembly constituency on the ground of having allegedly indulged in corrupt practices. Justice G. Jayachandran allowed an application filed by Mr. Dhinakaran to reject

  • Kansai Nerolac Paints down 2%, to acquire 55% in RAK Paints

    20 June, 2018 6:16 AM 13

    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

  • J&K comes under Governor's Rule for the 8th time: Here's a look at previous instances

    20 June, 2018 5:49 AM 23

    This is the fourth time governor's rule has been imposed under NN Vohra, who became the Governor on June 25, 2008 Hours after Bharatiya Janata Party (BJP) snapped ties with People's Democratic Party (PDP) in Jammu and Kashmir, Governor’s rule was imposed in the state. While suspension of the state government’s rule in any Indian state results in Presidentâ