News Alerts

  • Birla Sun Life Asset Management Company increased its weightage in banking financial services, chemicals and oil gas sector. However, it slashed its exposure in metals mining, food beverages and engineering capital goods sector.
  • Reliance Capital Asset Management slashed its investments in metals mining, engineering capital goods and services space, while enhanced its exposure to oil gas, banking financial services and automotive space.
  • Indage Vintners has announced a merger with IAIPL. Sources said the former may induct cash and/or property through IAIPL.
  • Godrej Properties launches Phase II of their Ahmedabad project. The realty company has sold all 288 units, at Rs 2,500 per sq ft.
  • Bajaj Hindusthan has scheduled a board meet on Thursday i.e. June 17 to merge its listed subsidiary Bajaj Hindusthan Sugar with itself.
  • Shares of state-run mining major Hindustan Copper today zoomed over 14 per cent in morning trade soon after the government approved 10 per cent disinvestment in the company.
  • Shares of BOC India were locked at 20 per cent upper circuit after the company announced that it received proposal from Linde Holdings Netherlands to voluntarily delist equity shares from stock exchanges.
  • American Tower is one of the three firms in talks to buy the telecoms tower unit of Reliance Communications, India’s No. 2 cellular carrier, the Economic Times reported on Tuesday.
  • The rupee retreated on Tuesday from the previous session’s two-week high as choppy shares failed to provide clarity on fund flows. The Indian rupee opened at Rs 46.59 per dollar versus Rs 46.48 yesterday.
  • HDFC Asset Management Fund enhanced its coverage in oil gas, telecommunication and tobacco sector, while reduced its exposure in engineering capital goods, automotive and banking financial services sector.
  • Reliance Industries (RIL) may bid for Surguja UMPP, reports The Times of India.
  • MMTC has a board meet on 29 June for issue of bonus and split
  • Fortis Healthcare has appointed three investment banks – Religare Capital, RBS and Macquarie – to raise funds, which could be used for a possible counter bid for Singapore’s Parkway Holdings.
  • Mahindra Satyam, the erstwhile Satyam Computer Services, has sought time until September 30 from the Company Law Board (CLB) to file financial statements.
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