BSE
The Indian stock markets has been on a dream Bull Run cycle with both the Sensex and Nifty50 reaching their record highs. Such has been the positive impetus of the Indian stock markets that the Bombay Stock Exchange or BSE has been one of the best performing global indexes in recent times. Amid all the [...] Continue Reading »
With the Annual General Meetings (AGMs) of Anil Dhirubhai Ambani-promoted Reliance Group companies having been scheduled on the same day – September 30 – at intervals of two hours, BSE has sought clarification for the group with regard to the scheduling of the multiple AGMs. The Reliance Group companies whose AGMs have been scheduled to [...] Continue Reading »
Scotching speculation suggesting that its promoters are diluting stake which resulted in nearly 19 percent dip in its share prices, Jaiprakash Associates Ltd today said small share holding disposed of by a promoter company was to meet needs of funds including for social cause. It is understood that rumours are being planted in the market [...] Continue Reading »
In the three months to June 2014, the number of loss-making companies in the BSE 500 universe declined for the first time in seven quarters. It seems that after the change of leadership at the center, there are some positive vibes in the market and the companies have improved their sales turnovers. Of a subset [...] Continue Reading »
India’s largest realty firm DLF has sought shareholders’ approval to raise up to Rs 5,000 crore through private placement of non-convertible debentures. DLF informed during a filing to the BSE (Bombay Stock Exchange) that the shareholders’ nod has been sought through a postal ballot. This approval is sought for reducing the borrowing power of the [...] Continue Reading »
The realty market is picking up after the change of the government in the center and that is evident in the financial balance sheet of HDFC Ltd. The Housing Development Finance Corporation (HDFC) on Monday reported a net profit of Rs 1,344.66 crore, up by 14.62 % year-on-year (Y-O-Y), for the quarter ending June 30, [...] Continue Reading »
Footwear firm Bata India has decided to merge its two wholly owned subsidiaries – Bata Properties Ltd and Coastal Commercial & Exim Ltd – with the company. The board of the company, in a meeting held yesterday decided to merge the two subsidiaries, Bata India said in a filing to BSE. The Board of Directors [...] Continue Reading »
With Finance Minister Arun Jaitley having announced in his Budget speech that the income generated by Real Estate Investment Trusts (REITs) will be taxed at the hands of investors, bigwig realty developers are mulling the option of launching REITs. The prominent real estate players that are considering the option to launch REITs – which are like mutual [...] Continue Reading »
Hindustan Construction Company’s subsidiary Lavasa Corporation has filed a draft red-herring prospectus with the Securities and Exchange Board of India (SEBI) on Tuesday and informed the exchanges. The company decided to raise funds from the primary market through the launch of an IPO worth ₹750 crore. The company’s spokesperson also mentioned that the issue is subject [...] Continue Reading »
The real estate company’s stock rose by 64% in the last month, since the company’s performance was affected by anticipation of economic development. Goldman Sachs analysts say that better project executions and affordable valuations have made it the preferred stock. Standard Chartered analysts note that there has been a major improvement of main project executions [...] Continue Reading »
