Investing News - Page 4

Suzlon to raise $400 mn by selling non-core assets

World's fifth largest wind turbine- maker Suzlon Energy is planning to raise up to $400 million by selling 15 of its non-core assets in a bid to partly retire the huge debt pile of nearly Rs 14,600 crore, a top company official has said.

Banks advised not to reject loans for renewable energy projects: govt

Citing RBI data, the minister said that banks' outstanding credit exposure to power sector stood at Rs 3,28,900 crore at the end of March 2012.

Nomura upgrades Fortis Healthcare to "buy"

Nomura upgraded Fortis Healthcare to "buy" from "neutral", but cut its target price to Rs 124 from Rs 170, citing recent underperformance and improvement in return ratios.

Govt clears ETF for public units to push disinvestment

The Cabinet on Thursday approved the setting up of a CPSE Exchange Traded Fund (ETF) which is expected to speed up disinvestment programme, check volatility in share price movement and encourage retail participation.

Banking stocks up ahead of RBI policy review on rate cut hopes

Lenders rose on Monday as investors bet on a rate cut in Friday's RBI rate review, with growing hopes of a chunkier 50 bps cut or a lowering of the cash reserve ratio.

Bharti Infratel Q4 net up over 34% at Rs 287 crore

Bharti Infratel, the tower arm of telecom major Bharti Airtel, today reported 34.11 per cent jump in net profit at Rs 287 crore for the fourth quarter ended March 31, 2013.

Jet Airways shares up 3% as founder firm plans share sale

Jet Airways shares rose as much as 2.59 percent a day after a founder group company of the carrier said it would sell a stake as part of public float rules.

MCX-SX to launch trading in futures and options from 15 May

Trading in F&O contracts would be available between 9.15 am and 5.30 pm, from Monday to Friday.<br /><br />

HUL falls 2% ahead of Q4 earnings

Shares in Hindustan Unilever , India's largest consumer goods maker, fell 1.6 percent ahead of the company's quarterly earnings later in the day.

Hero surges 5% after Q4 earnings beat estimates

Shares in Hero MotCorp , India's largest motorcycle manufacturer, gain as much as 4.8 percent in early morning trade after the company's January-March profit beat street estimates for the first quarter in six.

Demand for Indian bonds likely to pick up: Barclays

On 26 April, the government securities (G-Sec) rose on good buying support from banks and corporates.

Sebi to raise headcount, focus on staff training

Sebi itself has proposed that powers should be given to it for overall regulation and oversight of all kinds of money-pooling activities.

Axis up 4% on strong Q4 earnings

Axis Bank shares rise 3.7 percent after the bank posts better-than-expected March quarter results. Results, which came on Wednesday, showed net profit was at Rs 1555 crore versus estimates of Rs 1277 crore.

Sebi directs firms to redress investor complaints in 30 days

The details of investor grievances relating to companies are available at the webpage of SCORES.

IDFC Mutual Fund collects over Rs 240 cr through equity NFO

According to industry estimates, there over 25 close-ended schemes that focus on equity assets.

FinMin sub-committee to discuss inflation-linked bonds tomorrow

The sub-committee of the Financial Stability and Development Council (FSDC) is likely to discuss the modalities of inflation indexed bonds at its meeting tomorrow in Mumbai.

Maruti shares rise, weaker yen seen boosting margins

There are hopes that a weaker yen currency would improve margins by reducing the costs of importing auto parts from Japan after the Bank of Japan unleashed unprecedented monetary expansion.

MFs offload shares worth over Rs 21,000 cr in 2012-13

The net outflow in February was, however, the lowest in eight months following a huge outflow of Rs 5,212 crore in January 2013, according to Sebi.

Rivals Cipla, Natco gain on Novartis drug patent rejection

Shares in Natco Pharma and Cipla gain after the Supreme Court dismissed Swiss drugmaker Novartis AG's petition seeking patent for its cancer drug Glivec.

Jet, SpiceJet shares fall on AirAsia entry concerns

Shares in Jet Airways India fell nearly 3 percent and SpiceJet shares dropped 3.4 percent after India's Foreign Investment Promotion Board (FIPB) approves AirAsia's proposal to set up a joint venture in India

Tech Mahindra falls 2% after merger with Satyam delayed

Shares in Tech Mahindra fell 1.9 percent, while Satyam Computer Services dropped 1.6 percent, a day after the companies said a long-planned merger between the two had been delayed by an additional six months up to September 30.

JP Morgan upgrades Coal India on likely coal price hike

JP Morgan upgraded Coal India to "neutral" from "underweight", saying the drop in the share price this year is making the risk reward "relatively more attractive."

Tata Motors falls 6% on China's new fuel norm worries

Shares in Tata Motors fell as much as 5.6 percent on worries that China's new stringent fuel economy standard would adversely impact the Indian auto maker's Jaguar Land Rover(JLR) unit.

Morgan Stanley upgrades Titan to 'equal-weight'

Morgan Stanley upgraded Titan Industries to "equal-weight" from "underweight", citing under-performing shares, which the bank attributed to concerns about potential government intervention to curb gold imports

IDBI sells $500 mn bonds, to pay 3.75% coupon

The money was raised by IDBI's Dubai International Financial Centre branch on Tuesday.

Videocon's D2H arm gets Sebi nod for Rs 700 cr IPO

The proposed IPO would comprise at least 25 percent of equity capital, giving a valuation of Rs 2,800 crore to Bharat Business Channel.

HDIL shares fall 14% after Care cut debt ratings

Shares in Housing Development and Infrastructure Ltd (HDIL) fell more than 14 percent after local credit agency Credit Analysis and Research Ltd (CARE) downgraded the real estate developer's debt, citing "delays in servicing" obligations.

Manappuram Fin tanks over 14% on low profit concerns

Shares of Manappuram Finance today slumped over 14 percent in morning trade, after the company said its profit may reduce in the fourth quarter ending March 31, 2013.

Citi downgrades Sun TV; stock falls 1%

Shares in India's Sun TV Network fell 1.1 percent after Citigroup downgraded the stock to "neutral" from "buy", citing its stronger performance compared with peers recently.

L&T marginally up on infra unit stake sale news

Shares in Larsen & Toubro was up marginally, outperforming falls in the Nifty, after The Economic Times reported that its infrastructure unit is looking to raise Rs 2500 crore by selling up to a 20 percent stake to investors.