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Lanxess India to acquire assets of Gwalior Chem for Rs 536 cr
May not trigger open offer as transaction involves only asset sale. Mumbai, June 8 Specialty chemicals company Lanxess India Pvt Ltd is set to acquire the chemical businesses and some assets of Gwalior Chemical Industries Ltd for Rs 536 crore ...
Global cues, profit taking sink Sensex
Squaring of long positions by some entities suspected. Mumbai, June 8 After their relentless climb of several weeks, the benchmark indices buckled on Monday, giving in to global cues and profit booking, as well as, some suspected, squaring off ...
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Pushing ahead: The Minist...
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TODAY'S PICK (Latest Audio: English/Tamil)
Jaiprakash Hydro Power (Rs 87.05): Sell
We recommend a sell in the Jaiprakash Hydro Power stock from a short-term trading perspective. It is apparent from the charts of Jaiprakash Hydro that since March low of Rs 24, it has been on an intermediate-term up-trend. The ...
Day Trading Guide
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Plunge in utility segment dents passenger vehicle sales
New Delhi, June 8 There has been a sharp plunge of 29 per cent in the sale of utility vehicles during May because of lower demand from fleet operators, concerns over defaults, and the cautious approach of the banks ...
SAT gets new member
Mumbai, June 8 One of the two long-standing vacancies at the Securities Appellate Tribunal has been filled with the appointment of Mr Samar Ray ...
Pfizer acquires Vetnex business
Ranbaxy had divested firm to ICICI Venture. Mumbai, June 8 Pfizer Animal Health has acquired Vetnex Animal Health Ltd, Ranbaxy’s animal health business that was later divested to ICICI ...
Asset financing NBFCs report fall in profit growth
Hit by decline in demand for auto sector loans, rise in NPAs. The fall in demand for loans from the automobile sector and increased levels of asset quality slippages, have reduced the profit growth of most non-banking financial services (NBFC) ...
Plan panel sees bright outlook for current fiscal
World economic situation ‘much more favourable’ now. New Delhi, June 8 The Planning Commission sees economic outlook brightening up for the current fiscal even though the country achieved only 6.7 per cent in 2008-09 which was ...
Public sector banks may cut interest rates further to boost credit demand
Kolkata, June 8 Public sector banks might look at further reduction in interest rates in order to boost credit ...
Huawei may bid for majority stake in ITI
Govt scouts for consultants to act as advisors for divestment. New Delhi, June 8 Chinese telecom vendor Huawei may be one of the interested bidders for picking up stake in the factories owned by State-run Indian Telephone Industries Ltd. Huawei ...
Surge in trading cheers broking companies
Firms ready expansion plans while awaiting QIPs, IPOs. The fortunes of brokerage companies have revived along with the improvement in stock prices over the last three ...
Monsoon turns lull again, to revive in 2 days
The monsoon has once again run into a brief lull after winds erred in direction and speed, but numerical weather prediction models indicated that the rains would revive from ...
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