Story Board

Sterlite Tech bags transmission contract; stock up

10 Feb 11 04:53 PM
MUMBAI: Sterlite Technologies’ subsidiary has bagged contract to strengthen the transmission grid in the western region on ‘build, own, operate and maintain’ (BOOM) basis. The project involves a total line length of about 1000 kms and the set up of two 1500 mva substations at Dhule and Aurangabad. ..

Sensex closes 129 points lower

10 Feb 11 04:50 PM
A benchmark index for Indian equities markets on Thursday closed 129 points lower, as traders continued to sell in the wake of fears of another interest rate hike by the central bank in a bid to combat inflation. Asian cues too were not supportive. The 30-scrip sensitive index (Sensex) of the Bombay..

Anil Ambani blames corporate rivals for fall in infrastructure stocks

10 Feb 11 04:47 PM
The Reliance Dhirubhai Ambani Group (R-ADAG) on Wednesday said an illegal bear cartel had destroyed infrastructure stocks worth a whopping Rs3 lakh crore ($66 billion) in recent days and asked for a thorough probe by concerned agencies. “A series of completely baseless rumours have been circulated y..

Tata Steel may raise $500mn for capex, debt clean up

08 Feb 11 05:25 PM
After the successful follow on offer for Rs 3,700 crore, Tata Steel is all set for another round of fund raising. Sources indicate that the steel giant is looking to raise about USD 500 million for long term capex plans and to reduce debt. The company may opt for the perpetual bond route to rais..

Sensex slips below 18,000 points

08 Feb 11 05:16 PM
A benchmark index for Indian equities markets on Tuesday slipped in noon trade below the 18,000 points mark - for the first time in over five months - as selling intensified across the market breadth. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,141.51..

Sensex advances for second day; shoots up 358 points

03 Feb 11 05:22 PM
MUMBAI: Shrugging off spike in food inflation and high interest rate worries, the BSE benchmark Sensex today surged by over 358 points to close at 18,449.31 on aggressive value buying in the recently beaten stocks and indications of a steady global economic recovery. The Bombay Stock Exchange ben..