Market Wrap Up – 30 Jun 2017

Equity market close higher on Friday Recovery in late trade helped the market close higher on Friday, with the Nifty starting July series on a positive note as investors maintained caution ahead of the rollout of much awaited indirect tax reform, the Goods and Services Tax (GST), with effect from midnight today. The 30-share BSE […]

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InterGlobe Aviation falls 7% after IndiGo shows interest in Air India: 30 June 2017

InterGlobe Aviation, which operates IndiGo airline, was down nearly 5% to Rs 1,179 on BSE in intra-day trade, extending its Thursday’s fall, after the low-cost carrier has expressed unsolicited interest in buying a stake in national carrier Air India. The stock has fallen 7.4% from its 52-week high of Rs 1,273 touched yesterday, June 29, […]

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TOP CORPORATE NEWS: 29, June 2017

TOP HEADLINES: 29, June 2017 • Bajaj Auto launches Pulsar NS160. • Mindtree board approves Rs270 crore buyback plan. • JSW Steel to set up slurry pipeline to transport iron ore. • Tata Motors-Volkswagen partnership likely to be called off. • TVS Motor ties up with Abans Auto to launch 3-wheeler in Sri Lanka. JSW […]

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TOP CORPORATE NEWS: 28, June 2017

TOP HEADLINES: 28, June 2017 Capital First gains on fund raising Motherson approves issue of bonus shares Fortis gains as arm to list on bourses in August Ashok Leyland to focus on core commercial vehicles Zydus Cadila bags approval for Oxybutynin Chloride Tablets Capital First gains on fund raising Capital First said that the debenture […]

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Sebi tweaks OFS norms to encourage employees’ participation: 28 June 2017

Relaxing its offer-for-sale (OFS) norms, markets regulator Sebi today allowed companies’ promoters to sell shares within two weeks from the OFS transaction to their employees. Currently, promoters cannot buy or sell the company’s shares for 12 weeks after the OFS. In order to streamline the process of OFS with an objective to encourage greater participation […]

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