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Sebi bars 19 entities for involvement in mid-cap stock crash
Fp Archives •Sebi on Friday barred 19 entities from the capital market till further orders for their involvement in the mid-cap stock crash on July 26.
Sensex, Nifty turn green as April IIP lifts rate cut hopes
Fp Staff •The disappointing IIP numbers for April has once again fueled hopes of a repo rate cut by the RBI at its policy meeting on June 18. There is also speculation that the central bank may even slash the CRR to ease the liquidity crunch
3 reasons why Gujarat Pipavav is a buy today
Fp Staff •Gujarat Pipavav Port has approved expansion plan entailing an investment of Rs 1,097 crore.
Sensex gains on short covering; Pipavav, Force Motors, Titan shoot up
Fp Archives •Investors rushed to cover short positions in many battered bluechips notably across financials and auto sectors two days prior to the monthly derivative contracts expiry.
Buy Pipavav, sell Reliance Power
Fp Editors •News of Sterling Hotels being bought by investor Rakesh Junjhunwala and RK Damani, who have invested a little over Rs 80 crore for a 14 percent stake, is likely to see buying at the counter in opening trades.
Equities see biggest drop in 2 years, Sensex down 700 pts
Fp Editors •Catch the live market updates here.
JP Morgan fund may invest $400 mn in SKIL Infra
Fp Archives •SKIL will use the funds to pare debt and add scale to its operations.
Pipavav promoters sell 38% more stake to IL&FS
Fp Archives •Pipavav Defence and Offshore sold 38.1 percent stake following a fresh pledge of Rs 12.93 crore shares by the promoters to IL&FS Trust. IL&FS Trust Company now has Rs 26.33 crore shares, including the freshly-pledged shares.
Will a global investor enhance Pipavav Defence's fortunes?
Fp Staff •The investor will initially subscribe to 5% of the paid-up capital and within specified time will increase its holding up to 10% .
Pipavav enters aviation sector with Airbus
Fp Archives •Pipavav Defence and Offshore Engineering Company (formerly Pipavav Shipyard) today announced its foray into the aviation sector by signing a pact with Airbus to set up an aircraft maintenance facility in the country through a joint venture.