Power Grid Corp of India’s share sale will raise $1.7 billion after its board fixed the issue price at Rs 90 a share, the top end of the price range, the firm said on Sunday. The state-run firm’s 841.7 million share public offer closed on Friday after being subscribed 14.5 ti…

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The markets slumped in the last leg of trade on back of selling pressure in index heavyweights Reliance Industries, TCS, Larsen & Tourbo and ICICI Bank, which dragged the benchmark 287 points to end at 20,590 levels. The S&P CNX Nifty shed 81 points to close at 6194 levels. The…

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The country’s biggest car maker Maruti Suzuki India (MSI) has regained over 50 per cent market share in the passenger cars segment in October, after four consecutive months of remaining below the coveted mark. According to figures released by the Society of Indian Automobile manufa…

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Bharti Airtel today declined over one per cent in the early trade on BSE after the country’s leading telecom operator posted a 26.53 per cent dip in its second quarter net profit. Reacting to the lower-than-expected September quarter numbers, shares of the telecom giant declined by…

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Banks have been told by the Reserve Bank of India (RBI) to be more transparent and levy reasonable penal charges. The central bank is concerned at the rising number of complaints by customers on steep charges by banks if the minimum balance in a savings account dips even marginally. The …

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Jasch Industries Limited (India) is in a automation industry, market leader for metal or flat sheet industrial measurement systems. Company manufactures Instruments like Thickness gauge, Coating thickness Gauge, Paint thickness gauge, basis weight/ash/moisture measurement …

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Bombay Stock Exchange, via a small statement has released the timings for the Muhurat Trading (Samavat Year 2067) on 5 November 2010 on occasion of Diwali. Login: 5 pm to 6 pm Call Auction: 6 pm to 6.15 pm Continuous Trading: 6.15 pm to 7 pm Closing: 7 pm to 7.10 pm Post Closing: 7.1…

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Coal India listing and US Fed’s QE-2 buoy market sentiment Fireworks were lit on Dalal Street a day ahead of Diwali. The benchmark Bombay Stock Exchange (BSE) Sensex on Thursday came tantalisingly close to the psychological mark of 21,000 while ending the day at a new high. A spectacul…

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Low-cost carrier (LCC) SpiceJet on Tuesday said it would spend $900 million to buy 30 small aircraft from Canada’s Bombardier to enhance regional connectivity in the country. “The SpiceJet board on Tuesday approved an order of up to 30 aircraft, with deliveries commencing from the sec…

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Click to enlarge photo By Surojit Gupta and Suvashree Dey Choudhury MUMBAI (Reuters) – The Reserve Bank of India (RBI) cautioned on Monday that inflation is still above its comfort level, and elevated levels of wholesale and consumer price inflation remain a challenge for monetary…

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