Nifty crosses 6100-level after 2 years, Sensex hits 2-yr high
only on LPG and kerosene, oil minister Veerappa Moily said.
Shree Cement Ltd's October-December net profit rose more than three-fold to 2.17 billion rupees from a year ago.
The government will restore allocation of three cancelled coal blocks of NTPC Ltd on Tuesday, Power Minister Jyotiraditya Scindia told reporters after a ministerial panel's meeting.
FINANCIAL/REGULATORY
IDBI Bank Ltd plans to raise equity capital by issuing shares to institutional investors through a qualified institutional placement in the fiscal fourth quarter.
TELECOMS
Reliance Communications Ltd is negotiating a network sharing deal with Reliance Industries Ltd that is slated to launch fourth generation services or high-end data services on mobiles this year, two executives aware of the development said.
RETAIL
India's foreign investment board cleared IKEA's proposal to set up stores in the country, Trade Minister Anand Sharma said, paving the way for it to invest $1.86 billion over 15-20 years.
MEDIA
Bharat Business Channel Ltd, the satellite broadcasting arm of Videocon Group, is likely to raise 7 billion rupees through an initial share sale in mid-February at 60-70 rupees per share, said a person familiar with the development.
Be the first to comment.
