Press Trust of India: New Delhi, May 18, 2013 at 1600 hrs ISTNet proceeds from issue will be used for redemption of preference shares issued to Tata Motors.
fe Bureau: Mumbai, May 18, 2013 at 0055 hrs ISTShares of JM Financial surged to a 52-week high on Friday after the Mumbai-based diversified financial services firm announced its alliance with Vikram Pandit late Thursday.
fe Bureau: Mumbai, May 18, 2013 at 0045 hrs ISTIndian equities rallied for a fifth consecutive week as a drop in inflation levels raised expectations of steeper rate cuts by the central bank.
Press Trust of India: Mumbai, May 18, 2013 at 0059 hrs ISTBSE has imposed restrictions on trading of 29 stocks for failing to convert at least half of the public shareholding into dematerialised format.
Morgan Stanley: May 18, 2013 at 0047 hrsWe reiterate our ‘overweight’ rating on HDFC and increase the price target to R1,125 (R1,010 earlier) as strong growth, strong balance sheet and average multiples imply a big upside potential.
Prashant: May 18, 2013 at 0049 hrsThe Department of Pharmaceuticals’ (DOP) notification on the Drug Price Control Order is likely to have limited negative impact to our coverage universe.