Jaiprakash Associates has tanked 8% to Rs 64.85 after the infrastructure company said that it has launched foreign currency convertible bond (FCCB) issue of $150 million for repayment of the exiting FCCBs. “The issue has coupon rate of 5.75% per annum and maturity date of September 8, …

Read More..

Engineering and construction giant Larsen and Toubro Ltd (L&T) has decided to sell its entire stake in L&T Plastic Machinery Ltd to Japan’s Toshiba Machine Co Ltd for an undisclosed sum, in line with the company’s strategy to realign portfolios and focus on core business uni…

Read More..

One in three stocks outperforms market after disclosing quarterly numbers Even as the benchmark indices remained mostly range-bound when India Inc unveiled its performance for the April-June quarter, one in every three stocks outperformed the broader markets after announcement of financi…

Read More..

Markets continued to languish in noon trades with the Sensex slipping 103 points to 17,746. Nifty is down 36 points at 5,379. Asian markets slumped sharply as investors grew gloomy about the health of the global economy and prospects for central-bank action, selling down commodity and te…

Read More..

The company has withdrawn 27 drugs from the US market due to commercial reasons. Ranbaxy Laboratories has rallied 4% at Rs 554, extending its previous day’s over 4% surge after the pharmaceutical firm said that it had withdrawn 27 drugs from the US market due to commercial reasons. �…

Read More..

Drug maker Cipla is partnering South Africa’s Aspen Pharmacare to cater to the Australian market, it is learnt. Under the pact, Cipla would develop generic products, to be launched by Aspen in Australia. A source privy to the development told Business Standard, currently, the two compa…

Read More..

Notification after Parliament session execution ball to be in states’ court The government has finally decided to bite the bullet on allowing 51 per cent foreign direct investment (FDI) in multi-brand retail, albeit in a different format. The long-pending Cabinet decision is set t…

Read More..

Markets to remain closed on Monday (20-08-12) on account of Ramzan Id …

Read More..

Zeebiz Bureau New Delhi: The Comptroller and Auditor General’s (CAG) reports on allocation of coal blocks without bidding and the Delhi airport concession given to GMR and power projects was tabled in Parliament on Friday. The CAG report on allocation of coal blocks between 2004 and 2…

Read More..

The sluggish market situation notwithstanding, Finance Minister P Chidambaram on Thursday clarified to ministry officials he wouldn’t accept any slippage in the government’s Budget disinvestment target of Rs 30,000 crore for this financial year. In a meeting on the possibility of exp…

Read More..