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S&P affirms Shriram Transport Finance ratings, removes it from credit watch

MUMBAI, Dec. 16 -- S&P Global Ratings on Wednesday affirmed its long-term and short-term issuer credit rating for Shriram Transport Finance Co. Ltd (STFC) and also removed the ratings from credit watc... Read More


PNB slips 8% after launch of QIP issue

New Delhi, Dec. 16 -- Shares of Punjab National Bank (PNB) fell 8.14% on Wednesday after the PSU bank launched a qualified institutional placement (QIP) on Tuesday to raise funds from institutional in... Read More


Adani Ports gains 3% as company, JV to raise $300 million

MUMBAI, Dec. 15 -- Shares of Adani Ports and Special Economic Zone Ltd rose 2.5% on Tuesday after the company and its joint venture announced plans to to raise $300 million. At 1150 am, the stock tra... Read More


Ramco Systems gains 8% on order wins

MUMBAI, Dec. 14 -- Shares of Ramco Systems surged 8.4% on Monday after the company said it has signed large multi-million dollar agreements in Europe, Asia, and the Americas. At 0225 pm, the Ramco Sy... Read More


Multiples Private Equity sells 2.17% stake in PVR for Rs.176 crore

Mumbai, Dec. 11 -- Renuka Ramnath-led private equity firm Multiples Private Equity sold 12 lakh shares or 2.17% of PVR Ltd for Rs.176 crore in an open market transaction. According to bulk deal data ... Read More


Nifty PSU Bank index soars in November

New Delhi, Dec. 11 -- After several months of underperformance, the Nifty PSU Bank index has started to catch up with the soaring valuations of the Nifty Bank index. The Nifty PSU Bank index gained 32... Read More


TVS group stocks up 4-14% as family rejigs shareholding in conglomerate

Mumbai, Dec. 11 -- Shares of TVS group companies rose 3.7-13.72% on Friday following news that members of the TVS family have agreed to rearrange their stakes so as to align and synchronise with the m... Read More


IRCTC slips 13% on government plans to sell stake via offer for sale

MUMBAI, Dec. 10 -- Shares of IRCTC lost as much as 13.17% after the government said it is planning to sell up to 20% stake in the company through an Offer for Sale (OFS) which opens for subscription o... Read More


IRCTC slips 13% on govt's plan to sell stake via offer for sale

MUMBAI, Dec. 10 -- Shares of Indian Railway Catering and Tourism Corporation (IRCTC) lost as much as 13.17% after the government said plans to sell up to 20% stake in the company through an offer for ... Read More


Cement stocks under pressure after CCI intiates probe into cartelisation

MUMBAI, Dec. 10 -- Shares of cement companies were under pressure in trade on Thursday after fair trade regulator Competition Commission of India (CCI) initiated a probe into possible cartelisation by... Read More