Mumbai: The initial public offer of the state-run hydropower company, NHPC, was subscribed 23.72 times. The issue, which closed on Wednesday, received bids for 3,979 crore shares against the 168 crore shares on offer, according to the data available on the NSE Web Site. IPOs: India 6th m…

Read More..

New Delhi: Larsen & Toubro Ltd (L&T) on Wednesday signed a Rs 4,000-crore agreement to supply power equipment to Jaiprakash Power Ventures (JPVL), a unit of Jaiprakash Associates Ltd. L&T will source the super critical units boiler and steam turbine generator for the 1,320…

Read More..

Fed signals end of government debt-buying program; keeps key bank lending rate at record low WASHINGTON (AP) — The Federal Reserve delivered a vote of confidence in the U.S. economy Wednesday, saying it would slow the pace of an emergency rescue program as the recession appears to…

Read More..

The June Index of Industrial Production (IIP) came in at 7.8% as against 5.4% in year on year and 2.7% last month. Meanwhile the May IIP number has been revised downward from 2.7% to 2.2%. IIP internals snapshot: Manufacturing growth at 7.3% versus 6.1% (YoY) Mining growth at 15.4% ver…

Read More..

Markets likely to see a gap down opening. If markets show recovery later during the day, buy: Chambal fertilzers and GVK power. Chambal fertilizers has strong support at 46.50-47.. Its near its 200 DMA of 46.80 and has made a double bottom at 47. Stock is also in oversold territory and…

Read More..

Alert: June IIP data today RIL-NTPC gas dispute: from agencies -RIL files caveat in SC ahead of NTPC appeal -NTPC expected to move SC against Bombay HC ruling in July -Bombay HC allowed RIL to amend plea in gas dispute with NTPC Exclusive: IndusInd Bank -QIP issue closes; raises $10…

Read More..

New Delhi: More than a quarter of India’s districts are facing the threat of drought and the sowing of crops nationally is 20 per cent lower than in the previous year, Finance Minister Pranab Mukherjee said on Tuesday. While many of these districts are not major crop producers, the…

Read More..

Stocks slide as investors look to Fed for read on economy; wholesale inventories fall NEW YORK (AP) — Traders are turning cautious about the prospects for the economy. Stocks skidded Tuesday as the Federal Reserve began a two-day meeting that could provide new insight into how the…

Read More..

New Delhi: Oil India Ltd (OIL), the second state-run firm to hit the market with an offering of equity shares this year, may price its IPO that opens on September 7 at Rs 1,000-1,100 a share. OIL is looking at pricing its initial public offering (IPO) at closer to the prevailing share pr…

Read More..

Take a fancy to realty, banking & finance, engineering and oil & gas.Initial signs of recovery in world economies, a stable government in New Delhi and the positive impact of its stimulus packages substantially improved the sentiments of foreign institutional investors (FIIs) in…

Read More..