Investing News - Page 10

We will examine Vodafone notice: Pranab

The company has served a notice of dispute to the Indian government invoking an investment treaty between India and the Netherlands in conncection with tax liablity.

Moody's downgrades GAIL, ONGC currency ratings

Both issuers are still rated above the sovereign as a reflection of their stronger credit quality, but the gap is smaller than before, Moody's said.

Cement stocks plunge as CCI ruling on alleged cartelisation expected soon

Rumours of penalties of cement companies by CCI has been doing the rounds

SpiceJet allots 4.29 crore shares to Kalanithi Maran

the company has allotted 42,900,000 equity shares of Rs 10 each at a price of Rs 23.18 per share to Kalanithi Maran, promoter of the company on preferential basis

Indian firms raise $2.6 bn from overseas markets

While Orchid Chemicals & Pharmaceuticals raised $96.5 million, Panama Wind Energy $89.3 million and Larsen & Toubro raised $71.5 million through automatic route.

Post 3-week strike, gold traders re-enter mkt with stray deals

Jewellers ended their three-week strike on Saturday after assurance the government would consider scrapping a budget proposal to levy excise duty on unbranded jewellery.

Jewellery stocks hit by high import duty on gold

Shares of jewellery firms have fallen by up to 14 percent after the Budget was tabled in Parliament on March 16, according to information available with the stock exchanges.

Asia indices tumble on failed Spanish bond auction, QE3 concerns

The debt crisis in Europe flared anew Wednesday after a disappointing auction of government debt in Spain signaled investor confidence in the country's finances is weakening.

Lock-in under Rajiv Gandhi equity scheme may be cut to 1 yr

A circular to this effect could be issued within a month, official sources said.

IDBI reduces floating home loan rates by up to 75 bps

With the revision, loans up to Rs 25 lakh will be available at 10.75 percent interest rate, while those above Rs 25 lakh and under Rs 30 lakh will be charged 11 percent.

Essar Capital fixes Rs 62 as exit price for India Securities

Essar Capital, seeks to acquire up to 219,150,060 equity shares representing 25.02 percent of the equity capital from the public shareholders of the company.

Dr Reddy's gains on US drug launch

The launch comes after a US judge refused to grant a preliminary injunction from London-based pharmarceutical firm AstraZeneca

BSE to suspend trading in 49 companies

The stock exchange said if a company complies with the provisions of the listing agreement by 13 April, then the trading will be suspended till 26 April.

Tata Metaliks surges on plan to issue preference shares to Tata Steel

The preference shares, to be allotted to Tata Steel, will carry a coupon rate of 8.5 percent and are redeemable after 3 years from the date of allotment.

Gold off 2-month low but headed for 4th losing week

Apart from weak economic data from China, gold has also been hit by US Treasury yields climbing to multi-month highs and an increase in the cost of dollar funding.

Govt clears 16 FDI proposals worth Rs 233 cr

India allows FDI in most of the sectors through automatic route, but FIPB's approval is required in certain sensitive sectors, like defence and telecommunications.

Muthoot at life-time low, will it survive?

Muthoot Finance tanked by 20 percent to a lifetime low of Rs 130.30 on the BSE.

Concerns over rollback will force Nifty to be rangebound

Traders expect the Nifty to be range bound between 5,170 and 5,340 for the next few sessions on worries that the UPA government may rollback some budget proposals

Budget fails to address fiscal constraint: Moody's

India's budget lacks new solutions to address the country's fiscal constraints, global rating agency Moody's Investor Service said on Monday.

Gold rises but gains may be capped on doubling of import duty

Gold added $9.35 to trade at $1,662.84 an ounce after posting a 3 percent fall last week in its second-biggest weekly decline this year, on fading expectations of more monetary easing in the United States.

Rupee likely to open lower, RBI policy meet eyed

Rupee likely to open low as dollar held hefty gains in Asia after yet another stellar offshore session, while investors are keeping a close eye on RBI policy meet due later today.

Rupee likely to gain on better capital inflows

The rupee should open around 49.90 to the dollar and move between 49.85 and 50.00, compared with Tuesday's close of 49.93/94, traders said.

'CIL directors acting against interest of minority shareholders'

TCI accused the government, Coal India's largest shareholder, of hurting the miner's commercial interests by forcing it to sign fuel supply agreements with power producers, guaranteeing to supply 80 percent of contracted quantity.

Ahead of advance tax data, Sensex at a two-week high

Traders are more hopeful about the advance taxes that domestic companies are due to file by March 15, and which some believe could hint at improved corporate earnings.

Allow NRIs to invest via overseas corporate bodies: Hinduja

In the upcoming Union Budget, the government should also consider bringing NRIs at par with the resident Indians in terms of their investments and taxation, said the Chairman of Hinduja group.

Wipro shares plummet on founder's plan to sell stake

At 10:47 am, shares of Wipro were down 1.40 percent at 431.60 rupees.

LIC to rescue debt-ridden govt by injecting funds in state banks

LIC bought shares in state-owned banks in 2009. In 2010, it bought the govt's stake in a mining firm. This time, it is injecting a billion dollars into some state banks. It has also bought out part of the government's stake in an oil firm.

Gold rebounds on euro ahead of Fed meeting

Easing expectations for the Fed to signal the need for more measures to keep interest rates low could eventually weigh on gold, which has risen around 9 percent so far this year on a near-zero US rate outlook.

Rupee seen up on inflow hopes

Traders said the rupee should open around 49.88 to the dollar and move between 49.75 and 50.10. It closed at 49.96/97 on Monday.