India invites bids for $2.4-bn artillery contract
Fri, 21 Nov 2014 16:52:32 -0800India on Saturday invited bids for a $2.4-billion artillery deal while deferring a decision on acquiring 106 Swiss Pilatus aircraft for fighter pilot training.
SBI stock split: All you want to know about stock splits
Thu, 20 Nov 2014 03:02:55 -0800Share price of State Bank of India closed at Rs 2920.9 on Wednesday and on Thursday it closed at Rs 297 after the stock split. A number of retail brokers received calls from their clients, who do not own the share, if they should buy SBI now that the price has come down.
India’s Sensex Rallies to Record as ICICI Rises Before Inflation
Tue, 11 Nov 2014 18:08:39 -0800India’s benchmark stock-index rose to a record before data that may show retail inflation eased to a three-year low, increasing room for the central bank to lower borrowing costs.
Indias grounded Kingfisher Airlines faces trading suspension from December 1
Fri, 07 Nov 2014 23:11:46 -0800MUMBAI (Reuters) - India's two main stock exchanges will suspend trading of shares of grounded Kingfisher Airlines Ltd from Dec. 1 for failing to comply with rules on reporting financial results, the bourses said in separate notices. Kingfisher, founded by liqour baron Vijay Mallya and once India's No.2 carrier, has not flown for more than two years for want of cash. The company last reported ...
Engineers India hit by poor results
Sun, 09 Nov 2014 23:35:04 -0800The Engineers India stock has dropped 11 per cent so far today after the company reported weak results in the quarter ended September 2014. Compared to the same period last year, the company’s net sales for this period fell by 16 per cent to Rs 391 crore and net profits dipped by 47 per cent to Rs 59 crore.
At WTO, India may still have to negotiate
Thu, 20 Nov 2014 02:52:46 -0800After India and the U.S. agreed on an indefinite ?peace clause? at the World Trade Organisation (WTO) last week, India is now protected against any action for violating norms on subsidies in procu...
Why Indias massive stock rally has further upside
Mon, 03 Nov 2014 16:44:28 -0800Indian stocks have been on a tear this year and the government's plan to implement its budget early could provide a further boost.
New blow for Indias Kingfisher as shares face suspension
Sat, 08 Nov 2014 06:31:56 -0800Shares of India's grounded Kingfisher Airlines face suspension, stock exchanges have announced, hammering another nail in the coffin of the carrier founded by self-crowned "King of Good Times" tycoon Vijay Mallya.
State Bank of India scrip to trade at face value ?1
Wed, 19 Nov 2014 21:47:40 -0800Shares of State Bank of India will remain in focus from Thursday, as the PSU lender has fixed November 20 as ex-date for the stock split. The bank proposes to subdivide each share of face value ?10 to 10 shares of face value ?1 each.
India Stocks Rise to 5-Week High as Rate-Cut Bets Spur Cyclicals
Tue, 28 Oct 2014 21:43:11 -0700India’s benchmark stock index rose to a five-week high as metalmakers and auto companies increased amid speculation the central bank may lower interest rates as a drop in oil prices cools inflation.