UK-based GlaxoSmithKline (GSK) has received market regulator Sebi's approval for its over Rs 5,200 crore open offer for Indian subsidiary GlaxoSmithKline Consumer Healthcare.
Fund houses have begun lining up mutual fund schemes focused on the government's newly proposed Rajiv Gandhi Equity Savings scheme (RGESS), which aims to attract first-time small investors into the capital market by offering them tax benefits.
State-run LIC picked up nearly half of Hindustan Copper's shares put on offer for sale in November last year, stock exchange data revealed today.
Tata Motors rose as much as 3.7 percent to a record high on Wednesday after Credit Suisse and CLSA upgraded their ratings on the stock, citing expectations for improving sales.
The government should look at listing 50 state-owned companies in the next five years, a report by a Planning Commission committee on reforms in CPSEs has said.
Bank of America Merrill Lynch upgraded State Bank of India, Bank of Baroda , and Oriental Bank of Commerce to 'buy'.
Larsen & Toubro shares were down 1.7 percent after Citigroup and Barclays downgraded the engineering conglomerate on concerns over order cancellations and weak investment cycle.
The report noted that the pace of growth of gold loan companies might slow down as they rely more on wholesale funding sources.
The outlook for country's biggest transmission utility-Power Grid Corporation-is negative, in line with the country's credit profile, Standard & Poor's Ratings Services said today.
Shares of Jet Airways today rose by as much as 7 percent amid growing expectations of a possible deal between the airline and United Arab Emirates' Etihad Airways for stake sale.
Bank of America-Merrill Lynch upgraded Tata Motors to 'buy' from 'neutral' and raises its target price to Rs 360 from Rs 285.
State-run Life Insurance Corporation (LIC) has reduced its stake in Tata Global Beverages Ltd to little over 7 percent by offloading shares over a period of four months.
Nomura has said it has come away "with extremely negative takeaways" for the Indian heating, ventilation and air conditioning (HVAC) market after meeting with Blue Star's executive in charge of the segment.
Shares is Adani Enterprises gained 4 percent in early trade after its promoters set the floor price for a share sale at Rs 282 per share.
The finance minister informed the members that in 2011-12, till this time, refund of Rs.70,000 crore was made, which included arrears for the previous years while during the current 2012-13 fiscal refunds to the tune of Rs.57,000 crore have been made.
Powered by the growth in emerging market giants China and India, coal is set to surpass oil as as the world's top fuel source by around 2017, the International Energy Agency forecast today.
Shares in Sun Pharmaceutical Industries, India's most valued drugmaker, rose as much as 2.5 percent after its unit agreed to buy the generic drugs business of US-based URL Pharma from Japan's Takeda Pharmaceutical Co.
Shares in Bharat Heavy Electricals Ltd gained 3.3 percent after CLSA added the stock to its Asia ex-Japan long only portfolio with a 3 percent weighting.
The Hinduja Group-promoted IndusInd Bank has raised Rs 2,000 crore through placement of shares with domestic and overseas institutional investors.
Barclays Capital Mauritius today acquired 11.60 lakh shares of private sector lender Karnataka Bank for Rs 22.54 crore.
Shares in Uttar Pradesh-based sugar companies were trading lower after the state raised the price at which sugar mills buy the new season crop by up to 16 percent to Rs 290 rupees per 100 kg.
The main board is expected to rise today, but gains will be limited in the absence of game-changing events since the last session as markets await U.S. employment data
Shares in drugmaker Cipla rose 1.4 percent after Cipla Medpro won a share in South Africa's $667 million contract, as it supplies the bulk of Cipla Medpro's drugs.
Non-banking finance company Bajaj Finance has sought market regulator Sebi's approval to raise up to Rs 750 crore through a rights issue.
The power sector lender intends to issue non-convertible bonds of Rs 1,000 each. <br /><br />
Targeting an estimated Rs two lakh crore unorganised gold market in the country, Reliance Money today launched a new daily gold accumulation plan under which customers can invest as low as Rs 1,000 per month.
The increased demand may be driven by expectations of monetary easing in the first quarter of 2013, "probable" open market bond purchases by RBI due to tight liquidity, overall improvement in market sentiment
Shares of MphasiS today tanked more than six percent in morning trade on bourses after its parent company HP took a $8.8 billion write-down linked to Autonomy Corp business.
India's consumer good sector is on track to deliver sales and operating profit at an average compound annual growth rate of 13 percent between 2011 to 2025, Goldman Sachs said in a note dated on Tuesday.
Shares in Reliance Capital gained around 1.8 percent after its CEO said that the financial services firm is in talks to sell a 26 percent stake in its general insurance arm to a strategic foreign partner