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Rupee gains 27 paise, hits 46-month high — Stable compared to other currencies: Reddy
SENDING market participants into a tizzy, the rupee gained 27 paise in the last three hours of trading on Friday to close at a 46-month high of 44.46/48 in its value against the dollar. This takes the rupee's gain over the last seven ...
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Auto, bank, tech stocks take Sensex up 114
BULLISH international stock markets, smooth rollover of March futures, and options contracts restored sagging investor sentiment on Friday buoying demand for pivotal stocks, which in turn helped haul up major indices from 2004 lows. The ...
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Bharti Tele inks outsourcing pact with IBM for $750 m
BHARTI Televentures Ltd has inked an agreement with IBM to outsource its hardware, software and IT services requirements valued at $700-750 million spread over a period of 10 years. Announcing this, Mr Sunil Mittal, Chairman and Managing ...
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Rs 255-295 band for ICICI Bank public offer
ICICI Bank has fixed a price band of Rs 255 to Rs 295 per equity share for its over Rs 3,050-crore public issue, which is to open on April 2. The share price of the bank today closed 5.28 per cent higher at Rs 283.90 on BSE and 5.60 per cent ...
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Inadequate disclosure in Birla public offer for L&T — SEBI internal probe faults JM Morgan Stanley
A SEBI enquiry officer has faulted the top merchant banker JM Morgan Stanley for inadequate disclosure to Larsen & Toubro shareholders while managing AV Birla group's open offer to buy 20 per cent equity of the engineering and cement major in ...
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Inter-bank settlement system goes real time
THE Reserve Bank of India on Friday initiated live operations on the real time gross settlement (RTGS) system in a limited manner among four banks. These four banks have been conducting trials runs with mock transactions on the online clearing ...
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Louis Philippe set for a `fragrant' foray
THE premium apparel brand from the stable of Madura Garments, Louis Philippe, is likely to expand its portfolio into the fragrance business in the near future. The brand, which is the largest premium shirt and trouser brand in value and ...
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