Gitanjali Gems has been the biggest buzzer in today’s trade and is up over 20%. The company has approved a buyback at Rs 120 per share. Gitanjali Gems buy back up to Rs 144 cr at max Rs 120/sh; opens on Apr 17 …
Continue reading...Gitanjali to buy back shares for Rs 120 each; stk up 23%
Gitanjali Gems had touched an intraday high of Rs 94 and an intraday low of Rs 75. At 09:59 am, the share was quoting at Rs 89.70, up Rs 16.75, or 22.96% on the NSE. …
Continue reading...Tech Mahindra ends 12% up on Satyam win
Shares of software firm Tech Mahindra today settled the day with a jump of over 12 per cent on the BSE, buoyed by its success in the race for acquiring majority stake in the Hyderabad-based IT firm Satyam Computer. …
Continue reading...UPDATE: Tech Mahindra pips L&T to claim Satyam
Tech Mahindra has pipped Larsen & Toubro and the Wilbur Ross group to claim the fraud-hit Satyam Computer. According to television reports, Tech Mahindra is paying Rs 1,757 crore for a 31% stake in the company, at Rs 58 per share. …
Continue reading...RIL set to enter fuel retailing in US, Europe
Reliance Industries Ltd (RIL), the largest private sector company in the country, is set to enter fuel retailing in the US and Europe, almost a year after it closed retail operations in India. …
Continue reading...Reliance Infrastructure among major gainer
Reliance Infrastructure is among major gainers on the Nifty. It had touched an intraday high of Rs 647.90 and an intraday low of Rs 612.85. At 11:54 am, the share was quoting at Rs 643, up Rs 24.80, or 4.01%. …
Continue reading...Indian ADRs: Satyam up 41%, Patni gains 9%
Indian ADRs ended mixed. Satyam shot up 41.41% or $ 0.82, to $ 2.8. In the banking space, ICICI Bank was down 2.81% or $ 0.43, to close at $ 14.85/sh and HDFC Bank fell 2.19% or $ 1.48 …
Continue reading...Essar Oil rallies over 53%
At 15:25pm (IST), Shares of Essar Oil have shot up by over 53% to Rs123. Shares of Essar Oil have shot up by over 53% to Rs123. The scrip has touched an intra-day high of Rs124 and a low of Rs77 and has recorded volumes of over 20mn shares on NSE. …
Continue reading...IVRCL Infra wins order worth Rs3.59bn
IVRCL Infrastructure & Projects Limited (IVRCL) announces that the roads, power and water divisions of the company have bagged orders of the value of Rs3.59bn which are as follows: i) ‘Construction of Vivekanada Road Flyover on Turnkey Contract Basis’ in Kolkatta, awar…
Continue reading...Three more arrests in Satyam case
The Central Bureau of Investigation (CBI), probing the Satyam fraud case, arrested the IT firm’s Vice-President (Finance) G Ramakrishna and two other employees on last night.According to CBI Deputy Director General V V Lakshmi Narayana, the arrested employees were involved in prepar…
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