Bengaluru, March 18 (IANS) The board of IT player Mindtree will meet on Wednesday to consider a share buyback programme to avert the hostile takeover bid by the L&T Infotech, according to company sources here.
Mumbai, March 18 (IANS) The benchmark Sensex jumped over 300 points higher, while the Nifty crossed the 10,500 mark during the morning trade session on Monday.
New Delhi, March 17 (IANS) The country’s largest life insurer Life Insurance Corporation (LIC) may propose a timeline of 3-5 years for cutting down its stake in the recently acquired IDBI Bank to comply with insurance regulator Irdai’s norm of 15 per cent stake in a listed investee firm.
New Delhi, March 17 (IANS) The Department of Telecom has sent a communication to the sector regulator TRAI seeking its views on the possibility of giving 4G spectrum to BSNL outside auction under a preferential equity infusion route.
New Delhi, March 17 (IANS) More investments with strict riders have been planned to make Air India financially attractive before starting any new round of divestment, Union Minister Suresh Prabhu has said.
Mumbai, March 17 (IANS) Institutional investors, responsible for most of the trading in the financial markets are betting big on Indian markets, especially, banking stocks, which may drive major indices to fresh highs ahead of the polls.
Mumbai, March 17 (IANS) Short-term volatility may persist in key Indian equity indices, as profit booking dents investors’ risk-taking appetite during the upcoming trade week, market observers said.
New Delhi, March 15 (IANS) Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth capital needs because there is unlikely to be any fresh bank recapitalisation till the next government takes over in June, official sources said on Friday.
New Delhi, March 15 (IANS) Kotak Institutional Equities (KIE) has said that state-run telecom firm BSNL’s accumulated losses may have crossed Rs 90,000 crore by December end, and asked the government to take a call on either to consider equity infusion to keep the telco afloat or shut it down and bear a one-time loss to save costs.
New Delhi, March 15 (IANS) Amidst the acute financial crisis at BSNL, the Department of Telecom (DoT) has handed over the responsibility of the Finance Director at the cash-strapped PSU to current Director Mobile as well as fixed line, Vivek Banzal divesting the charge from Sujata Ray.