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Why investors think Firstsource deal is risky for CESC
Fp Staff •Brokerages have termed the BPO buy as an unrelated diversification, while noting the utility's prior record of diversification into the retail sector
Sensex plunges 133 points; HUL, ICICI Bank down post Q2 results
Fp Staff •The Indian equity markets nosedived today with Sensex closing 0.71 percent lower at 18625.34 and the Nifty closing at 5664.30, 0.72 percent lower ahead of the RBI policy review on 30 October.
Sensex in red, CESC, Firstsource plunge; Zee News down on Jindal sting
Fp Staff •The Sensex opened 40 points lower while the Nifty opened below 5700 as Future and Options expiry day on Thursday witnessed range bound movement and mixed activity across stocks.
Big Nifty move likely after downside correction
Fp Archives •A fall below 5,590 would indicate that a slide to 5,450 is underway; a move past 5,730 would confirm a rise to 6,000.
Will money-losing Spencer's get right valuation post listing?
Fp Staff •Given that Spencer is still a money-losing businesses, it might be difficult to find the right valuation once the company is listed
Sanjeev Goenka buys BPO firm Firstsource for Rs 400 crore
Fp Staff •India's fifth-largest business process outsourcing (BPO) firm, Firstsource Solutions has finally got a buyer and the deal values the outsourcing firm at around Rs 650 crore
SC's double whammy for power sector pulls shares down up to 8%
Fp Staff •The orders in the coal scam and Aptel compensatory tariff case have a sentimental impact on the power sector shares