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S&P Global, Fitch rate SBI's proposed senior bonds 'BBB-'

MUMBAI, Jan. 6 -- S&P Global Ratings on Wednesday assigned its 'BBB-' long-term issue rating to a proposed issue of senior unsecured notes by State Bank of India (SBI: BBB-/Stable/A-3) under the bank'... Read More


CN Infrabuild exits PNC Infratech; sells shares worth over Rs 447 crore

New Delhi, Jan. 6 -- CN Infrabuild Pvt Ltd on Wednesday sold 2.55 crore shares or 9.95% of equity of PNC Infratech worth over Rs.447 crore through an open market transaction. On the BSE, the entity s... Read More


IT shares in focus ahead of third quarter results; Infosys hits $75 billion market cap

Mumbai, Jan. 4 -- Shares of information technology (IT) companies gained with the Nifty IT index hitting fresh record high on the National Stock Exchange (NSE) on Monday, as IT firms starts off its Oc... Read More


India's market cap swells to $2.5 trillion

New Delhi, Jan. 4 -- India climbed two notches in 2020 to take the eighth spot among the world's top stock markets as a blistering equities rally anchored by hopes of a quick economic recovery helped ... Read More


Vedanta promoter buys 4.98% stake in Indian unit in bulk transaction

MUMBAI, Jan. 1 -- Vedanta Resources Ltd, the promoter entity of billionaire Anil Agarwal's Vedanta Ltd, on Thursday, 24 December, bought 185 million shares or a 4.98% stake in the company for '2,959 c... Read More


Rupa & Company hits 20% upper circuit after Abakkus Fund buys stake

Mumbai, Dec. 29 -- Shares of Rupa & Company hit the 20% upper circuit of Rs.311.70 on Tuesday after Abakkus Emerging Opportunities Fund-1 bought 1.50% stake in the company via bulk deal on Monday. At... Read More


Export subsidy may lead to 100-200 bps expansion in sugar firms' margins: Crisil

MUMBAI, Dec. 28 -- The Rs.3,500 crore export subsidy approved by the Union Cabinet for the 2020-21 (Oct-Sep) sugar season will see overseas shipments of the sweetener match last year's level, said Cri... Read More


Dixon Technologies gains 5% on deal with Motorola

Mumbai, Dec. 28 -- Shares of Dixon Technologies gained as much as 5% on Monday after its wholly owned subsidiary Padget Electronics Pvt Ltd entered into an agreement with Lenovo-owned Motorola to manu... Read More


Dish TV tumbles 10% on government's demand notice of Rs.4,164.05 crore

MUMBAI, Dec. 28 -- Shares of Dish TV India slumped 9.9% after the company said it has received a notice from the government for payment of Rs.4,164.05 crore for licence fee. At 1145 am, the Dish TV s... Read More


Vedanta promoter buys 4.98% stake in Indian unit

New Delhi, Dec. 25 -- Vedanta Resources Ltd, the promoter entity of billionaire Anil Agarwal's Vedanta Ltd, on Thursday bought 185 million shares or a 4.98% stake in the company for Rs.2,959 crore fro... Read More