MARKET NEWS
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MARKET NEWS HIGHLIGHTS DEC 31st, 2009
Crude oil rose for a seventh day as colder weather in the U.S. increased demand for heating fuels. Prices are poised for the biggest annual gain since 1999 on optimism consumption will rebound as the global economy recovers. Oil settled at a six-week high yesterday on concern unrest in Iran may disrupt supplies from the second-largest producer in the Organization of Petroleum Exporting Countries…
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MARKET NEWS HIGHLIGHTS DEC 30th, 2009
Companies knocking on government doors for bailout funds may have been the norm in the West, but India Inc begged to differ from this rule by raising over Rs 1,50,000 crore of capital for expansion from investors across the world in 2009. Nearly two-thirds of these funds are estimated to have come from investors in overseas markets, which themselves were in shambles…
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MARKET NEWS HIGHLIGHTS DEC 29th, 2009
Companies knocking on government doors for bailout funds may have been the norm in the West, but India Inc begged to differ from this rule by raising over Rs 1,50,000 crore of capital for expansion from investors across the world in 2009. Nearly two-thirds of these funds are estimated to have come from investors in overseas markets, which themselves were in shambles and where companies were in dire need of capital…
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MARKET NEWS HIGHLIGHTS DEC 24th, 2009
Companies knocking on government doors for bailout funds may have been the norm in the West, but India Inc begged to differ from this rule by raising over Rs 1,50,000 crore of capital for expansion from investors across the world in 2009. Nearly two-thirds of these funds are estimated to have come from investors in overseas markets, which themselves were in shambles and where companies were in dire need of capital…
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MARKET NEWS HIGHLIGHTS DEC 23rd, 2009
Companies knocking on government doors for bailout funds may have been the norm in the West, but India Inc begged to differ from this rule by raising over Rs 1,50,000 crore of capital for expansion from investors across the world in 2009. Nearly two-thirds of these funds are estimated to have come from investors in overseas markets, which themselves were in shambles and where companies were in dire need of capital, forcing them to beg their respective governments for money.
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MARKET NEWS HIGHLIGHTS DEC 22nd, 2009
Companies knocking on government doors for bailout funds may have been the norm in the West, but India Inc begged to differ from this rule by raising over Rs 1,50,000 crore of capital for expansion from investors across the world in 2009. Nearly two-thirds of these funds are estimated to have come from investors in overseas markets, which themselves were in shambles and where companies were in dire need of capital, forcing them to beg their respective governments for money…
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MARKET NEWS HIGHLIGHTS DEC 21st, 2009
JSW Energy, a part of Sajjan Jindal-led JSW Group, has fixed its issue price at Rs 100 per share, at lower end of price band of Rs 100-115, due to lukewarm response from retail and non-institutional investors. For retail investors, issue price is fixed at Rs 95 per share, at a discount of Rs 5 to the original issue price. The initial public offering (IPO) of JSW Energy was opened for subscription during December 7-9,2009…
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MARKET NEWS HIGHLIGHTS DEC 18th, 2009
Wholesale food prices touched 10-year high with food inflation inching to 19.95% for the week ended December 5, prompting Finance Minister Pranab Mukherjee to commit food imports to maintain supply in the domestic market. Food inflation has been on the rise, primarily due to high prices of potato, other vegetables and pulses the whole of this calendar year…
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MARKET NEWS HIGHLIGHTS DEC 17th, 2009
JSW Energy, a part of Sajjan Jindal-led JSW Group, has fixed its issue price at Rs 100 per share, at lower end of price band of Rs 100-115, due to lukewarm response from retail and non-institutional investors. For retail investors, issue price is fixed at Rs 95 per share, at a discount of Rs 5 to the original issue price. The initial public offering (IPO) of JSW Energy was opened for subscription during December 7-9,2009 and was subscribed 1.68 times…
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MARKET NEWS HIGHLIGHTS DEC 16th, 2009
JSW Energy, a part of Sajjan Jindal-led JSW Group, has fixed its issue price at Rs 100 per share, at lower end of price band of Rs 100-115, due to lukewarm response from retail and non-institutional investors. For retail investors, issue price is fixed at Rs 95 per share, at a discount of Rs 5 to the original issue price. The initial public offering (IPO) of JSW Energy was opened for subscription during December 7-9,2009 and was subscribed 1.68 times…
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MARKET NEWS HIGHLIGHTS DEC 15th, 2009
JSW Energy, a part of Sajjan Jindal-led JSW Group, has fixed its issue price at Rs 100 per share, at lower end of price band of Rs 100-115, due to lukewarm response from retail and non-institutional investors. For retail investors, issue price is fixed at Rs 95 per share, at a discount of Rs 5 to the original issue price. The initial public offering (IPO) of JSW Energy was opened for subscription during December 7-9,2009 and was subscribed 1.68 times…
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MARKET NEWS HIGHLIGHTS DEC 14th, 2009
Mahindra Satyam has agreed to pay $70 million to UK-based mobile payment services firm Upaid in an out-of-court settlement , ending uncertainty over one of its long-drawn legal liabilities. In return, Upaid will drop all charges against Mahindra Satyam and also provide a royalty-free licence on its patents on a worldwide and perpetual basis. The amount is a tenth of what Upaid was seeking in damages from the erstwhile Satyam…
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MARKET NEWS HIGHLIGHTS DEC 11th, 2009
Mahindra Satyam has agreed to pay $70 million to UK-based mobile payment services firm Upaid in an out-of-court settlement , ending uncertainty over one of its long-drawn legal liabilities. In return, Upaid will drop all charges against Mahindra Satyam and also provide a royalty-free licence on its patents on a worldwide and perpetual basis. The amount is a tenth of what Upaid was seeking in damages from the erstwhile Satyam…
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MARKET NEWS HIGHLIGHTS DEC 10th, 2009
Mahindra Satyam has agreed to pay $70 million to UK-based mobile payment services firm Upaid in an out-of-court settlement , ending uncertainty over one of its long-drawn legal liabilities. In return, Upaid will drop all charges against Mahindra Satyam and also provide a royalty-free licence on its patents on a worldwide and perpetual basis. The amount is a tenth of what Upaid was seeking in damages from the erstwhile Satyam…
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MARKET NEWS HIGHLIGHTS DEC 9th, 2009
The GVK Power has acquired 17% in Bangalore International Airport (BIAL) from Larsen & Toubro for Rs 686 crore. The stake was acquired through its subsidiary and the acquisition was priced at Rs 105 a share. With this acquisition, GVK will now hold 29% stake in BIAL. The deal values BIAL at around Rs 4,040 crore. Speaking on the acquisition, GV Krishna Reddy, Chairman and MD, GVK Power & Infrastructure…
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MARKET NEWS HIGHLIGHTS DEC 8th, 2009
The GVK Power has acquired 17% in Bangalore International Airport (BIAL) from Larsen & Toubro for Rs 686 crore. The stake was acquired through its subsidiary and the acquisition was priced at Rs 105 a share. With this acquisition, GVK will now hold 29% stake in BIAL. The deal values BIAL at around Rs 4,040 crore. Speaking on the acquisition, GV Krishna Reddy, Chairman and MD, GVK Power & Infrastructure…
