Investing News - Page 5

Sebi allows debenture trustees to seek credit rating details

As per the new guidelines, DTs can ask CRAs about rating assigned and revised for debt securities along with the rationale for the same.<br /><br />

Deutsche raises target price of Jubilant Foodworks; stock up 3%

Deutsche Bank raised its target price on Jubilant FoodWorks to Rs 1,300 from Rs 1,260, saying it continues to "believe in the long term story and strong runway to growth."

PFRDA allows subscribers lump sum withdrawal on exit

Stakeholders informed PFRDA that subscribers be given a specific option to defer or time the entire lump sum withdrawal (maximum 60 percent) at the time of exit.

JSW Steel to raise $600 mn from overseas mkts next qtr

JSW Steel is planning to raise $600 million through overseas borrowings during the April-June quarter to refinance part of its rupee loan.

Credit Suisse downgrades Tata Power; shares fall

Credit Suisse downgraded Tata Power to "underperform" from "neutral" and cut its target price to Rs 83 from Rs 104 .

BofA Merrill downgrades Mahindra, Bajaj Auto to 'underperform'

Bank of America Merrill Lynch downgraded automakers Mahindra and Mahindra and Bajaj Auto to "underperform" from "buy" each, citing share gains since mid-2012 and valuations it considered "not compelling."

Old age pension may soon be linked with inflation index

Old age pension is likely to be linked with inflation index on the pattern of MNREGA besides being made universal by doing away with APL and BPL criteria, the government today informed Rajya Sabha

Kotak upgrades Hero Motocorp on higher earnings growth

Kotak Institutional Equities upgraded Hero MotoCorp to "add" from "sell", and maintained its "reduce" rating on Bajaj Auto.

Goldman Sachs upgrades L&T; stock up 2%

Shares in Larsen & Toubro gained more than 2 percent after Goldman Sachs upgraded the stock to "buy" from "neutral".

Morgan Stanley upgrades RIL to 'overweight'

Shares in Reliance Industries gained 0.2 per cent after Morgan Stanley upgraded the stock to "overweight" from "underweight" and raised its target price to Rs. 961 apiece from Rs. 798 earlier.

Asian shares fall on Italy poll day, may reignite euro zone crisis

The MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent, dragged down by a 1.1 percent slide in Australian shares and a 0.6 percent drop in South Korean shares.

Irda chief Vijayan meets Chidambaram

Vijayan, who took over as Irda chairman from J Hari Narayan last week, paid a courtesy call to the finance minister.

JP Morgan maintains 'buy' rating; says co 'turning the corner'

JPMorgan raised its target price on Infosys to Rs 3,200 from Rs 3,100 while maintaining its "buy" rating.

Jet Airways down 2% on doubts over Etihad deal

Shares of Jet Airways today tanked more than 3 percent amid investor concerns whether its stake-sale deal with Abu-Dhabi based carrier Etihad would materialise.

Shares in NBFCs up on new banking licence guidelines

India's non-banking financial shares gain on Monday after the RBI issued guidelines allowing any business sector to apply for banking licenses.

Sun Pharma gains on higher prices for drugs

Shares in Sun Pharmaceutical Industries gained 1.8 percent after Credit Suisse said the drug maker's subsidiary Taro Pharmaceutical Industries has pushed through price increases in three products last week, citing industry checks.

TPG sells 10% stake in Shriram Transport Finance for Rs 1600cr

PE giant TPG Capital today offloaded nearly 10 percent stake in commercial vehicle financier Shriram Transport Finance Company in open market deals worth over Rs 1,600 crore, one of the biggest PE transactions in recent months.

Siemens, Wipro to be removed from Nifty; Shares fall

Shares in software service exporter Wipro fell as much as 2.2 percent while power equipment maker Siemens retreated on Thursday after India Index Services & Products said both companies would be removed from the Nifty on April 1.

Jaiprakash Associates down after disappointing earnings

Shares in Jaiprakash Associates fell as much as 4.2 percent, a day after the company reported a 64.2 percent fall in Oct-Dec net profit to Rs 111 crore .

Private shares nudge ahead in key indices

The largest representation of government-owned companies is in 50-share Nifty index of which 10 are PSUs.

Over Rs 500 cr dividends lie unclaimed with bluechips

The companies on their behalf regularly send reminders to the concerned shareholders requesting them to claim their dividend.

India has nearly 2.5 lakh sick MSME units

The outstanding credit to MSME sector in respect of scheduled commercial banks was Rs 8,55,658 crore at March-end this year.

Is correction over? Sensex gives up gains, ends flat

The Sensex ended flat as active participants refrained from long positions in the absence of fresh triggers

Morgan Stanley adds more energy stocks to India model portfolio

Morgan Stanley raised weightage of energy stocks in its India model portfolio to 3 percent, while cutting 1 percent each from consumer staples and discretionary stocks.

UltraTech Cement shares down 2% afer fall in earnings

Shares in UltraTech Cement fell 2 percent after the cement maker reported a 3 percent fall in October-December net profit at Rs 600 crore on Saturday.

Sensex will touch 22,500 by December: Deutsche Equities

Leading foreign brokerage Deutsche Equities India today joined counterparts in giving an "overweight" call on Indian markets and said BSE benchmark Sensex is poised to touch 22,500 points by 2013-end.

Foreign holding in United Spirits dips to 3-year low

On the other hand, the domestic institutions have upped their stake considerably in the past one year from 2.51% at the end of 2011.

Sebi notifies regulations to set up SRO for MF distributors

In a move to regulate mutual fund distribution business, Sebi today said it has notified regulations to set up a Self Regulatory Organisation (SRO) to monitor distributors of mutual fund and portfolio management products.