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ONGC Videsh to acquire Imperial Energy for £1.4 b
Imperial shareholders will get 1,250 pence for each share held. New Delhi, Aug. 26 ONGC Videsh Ltd (OVL), the overseas investment arm of ONGC, on Tuesday shed the tag of being a non-aggressive player in the international M&A scene, with ...
Imperial bid: OVL gets a fair deal in valuation
At $2.77 a barrel, valuation compares favourably with other cos. After the loss of PetroKazakhstan to China’s CNPC in 2005 and the subsequent false starts in Ecuador and Angola where it was outsmarted by its Chinese competitors, the ...
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No slowdown signs: The Fi...
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TODAY'S PICK (Latest Audio: English/Tamil)
Adani Enterprises (Rs 585.25): Sell
We recommend a sell in Adani Enterprises from a short-term perspective. It is evident from the charts of Adani Enterprises that the stock has been on a medium-term downtrend from its May high of Rs 897. The stock has been recording lower peaks ...
Day Trading Guide
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Govt allays industry’s fears on slowdown
New Delhi, Aug. 26 India Inc has demanded proactive solutions from the Government on its concerns of increase in interest rates and signs of slowdown in consumer demand, with exorbitant interest cost impinging on its future investments. ...
Hero Group looks to diversify into making small aircraft
Plans tie-up with German company; project to come up in SEZ in M.P.. New Delhi, Aug. 26 Two-wheeler major Hero Group plans to diversify into making small aircraft for both personal use and training purposes. ...
Rupee breaches 44-mark on a day of volatile movement
Mumbai, Aug. 26 The forex market saw choppy and volatile movement with the rupee breaching the psychologically important level of 44 to a dollar. ...
Mobile banking guidelines likely in a fortnight
Banks see growth opportunity even as security concerns weigh. Mumbai, Aug. 26 As Indian banks gear up to offer mobile banking as the next step in payment systems, they also need to address customer concerns with regard to security. ...
EcoMobil of US plans to launch hydrogen generator kit
Eco-friendly Hfactor kit may bring down fuel costs by 30%. Bangalore, Aug. 26 A US-based company is all set to bring to India a hydrogen generator kit which can reduce fuel costs for passenger and other vehicles by as much as 30 per ...
Infosys to get inducement fee if Axon bid fails
Not aware of any competing bid, says CFO. Chennai/Bangalore Aug. 26 Infosys has agreed to buy out Axon Global Plc of the UK before calendar 2008 is over. But, as in all international acquisition attempts, what if another company is willing to ...
Commodity prices in unwind mode
From all available indications, it looks as though the extended global bull-run in commodities is over. Since March-April, there has been a falling trend in prices of base metals such as copper, lead, nickel and zinc, alongside an easing of ...
Axon Infotech gains on mistaken identity
In a case of mistaken identity, the stock of Axon Infotech shot into the limelight on Tuesday. The stock hit the upper circuit to touch a high of Rs 30.35 during intra-day trading, accompanied by a surge in trading volumes. According to brokers, ...
Festive flavour, falling rates trigger coin demand
GOING FOR GOLD. Coimbatore, Aug. 26 On at least one parameter of retail consumption — gold — there is no sign of a slowdown! On the contrary, there is a sign of a pick up in demand. Bankers selling gold coins confirm that there has ...
All-India rainfall slips back into deficit
Thiruvananthapuram, Aug 26 The belt of scattered rains progressing from the Equatorial Indian Ocean has already hit Sri Lanka with the persistent drizzle playing spoilsport with the scheduled one-day international cricket match between the ...
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