KOLKATA: Ten years is a fairly long slice of time to continue with some set patterns. In November 1994, the National Stock Exchange (NSE) had gone live with its capital market trading, the Bombay Stock Exchange (BSE) became fully automated in 1996-97, and from November 18, 1998, official …

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Steel Authority of India (SAIL), the country’s largest steel producer, today said it has entered into an agreement with the Kerala government to acquire up to 50 per cent stake in state-run Steel Complex for Rs 8.38 crore.The target firm is a government of Kerala undertaking and wil…

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Chandigarh: “Bangalore-based infrastructure company, GMR Group, expects to secure Rs2,500 crore worth road projects from National Highways Authority of India (NHAI) within a year,” a senior official of the company said. …

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Mumbai: State-run NTPC today said its joint venture firm with NHPC Ltd, Power Finance Corp and Tata Consultancy Services has been incorporated as National Power Exchange Ltd, and it holds 16.67% in the new entity. “NTPC and NHPC contribute 16.67% equity each, Power Finance Corporation c…

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Nagarjuna Fertilizer, Chambal Fertilizer and RCF were among the major gainers. Select fertilizer stocks are in demand following reports that the government would issue Rs100bn of 7% 2022 bonds to companies such as Coromandel Fertilisers and Nagarjuna Fertilisers as compensation for losses…

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Mumbai: Foreign telecom firms are talking to Reliance Communications about taking a stake of 20 to 26% in India’s second-largest mobile operator, the Economic Times reported, citing a banking source with knowledge of the discussions. …

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MUMBAI: It was a day of consolidation for benchmarks after a stupendous rally of over 5 per cent in previous trade. Broader indices ended a choppy session on a flat note. Market found support in rate sensitives like realty and banks following the financial stimulus. Shares of metal compa…

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Mumbai: Investor Rakesh Jhunjhunwala, who predicted Indian stocks would fall two months before the benchmark sensitive index peaked in January, says the worst may be over for Asia’s fourth biggest equity market. …

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Foreign institutional investors (FIIs) were net buyers of Rs 444.18 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 2,051.21 crore, gross sales totalled Rs 1,607.03 crore. …

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In an unusual development, the government today withdrew its affidavit in the Bombay High Court, wherein it had asserted Reliance Industries cannot sell its Krishna-Godavari basin gas to anyone without its approval to the pricing formulaAppearing for the government, Additional Solicitor G…

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