SEBI has declined to set a minimum fee to be charged by discount brokerages, ignoring a request by larger firms that are facing increased competition at a time when retail investors' interest in the markets has picked up.
A low base helped the Indian automobile industry report impressive domestic sales growth of 16 per cent in passenger vehicles, the highest in 30 months.
Lanco, GVK, GMR, Torrent, Ratnagiri Gas and Power (erstwhile Dhabol) and State entities are among the power producers who have committed to produce over 1.17 billion units of electricity using imported gas between June and September for Rs 6.12 to Rs 6.14 a unit.
The Government has started auctioning imported natural gas at reduced prices to electricity generating plants stranded by a shortage of the fuel.
Retail inflation eased in April to 4.87 per cent from revised level of 5.25 per cent and factory output hit a five-month low in March at 2.1%, raising the hopes for another interest rate cut on June 2 by RBI.
Government has retained the previous UPA regime's decision allowing foreign retailers to open multi-brand stores with 51 per cent ownership, in its consolidated FDI policy released yesterday.
Bennett Coleman and Co. Ltd (BCCL) will buy Religare Enterprises Ltd's entire 44% stake in life insurance joint venture Aegon Religare Life Insurance Co. Ltd, while foreign partner Aegon will increase its stake from 26% to 49%.
Indian Oil Corp (IOC) will hold 45 per cent stake in the planned Rs 52 bn LNG import terminal at Ennore in Tamil Nadu and offered 50 per cent interest to financial institutions like ICICI and IDFC.
The ministry of coal has withdrawn one of the three coal blocks allotted to the Sasan ultra mega power project (UMPP), run by Reliance Power, in Madhya Pradesh.
SEBI has issued a warning to Reliance Infrastructure based on observation made by SEBI in the 'Draft Letter of Offer' to shareholders of Pipavav Defence.
Natco Pharma Ltd would seek to increase the per cent age of foreign equity investment in the company to 49 per cent through issue of fresh shares or convertible securities.
Jaiprakash Associates Ltd has said its shareholders and creditors will meet the creditors of Jaypee Sports International Ltd on 6 June to consider a proposed merger of the sports entity with the company.
The board of Aditya Birla Retail Ltd (ABRL) has agreed to acquire the Total Superstore business from Jubilant Agri & Consumer Products Ltd. (JACL) for an undisclosed sum in an all-cash deal.
KPR Mill plans to invest Rs 1.75 bn for setting up a greenfield facility with a capacity to produce 36 million garments per annum. The development comes on the backdrop of increase in interest from global customers in the knitwear hub of Tirupur.
Camlin Fine Sciences plans to set up new manufacturing facility at Dehaj in Gujarat with an investment of Rs1.93 bn.
Dr Reddy's Laboratories has plans to enter Japanese market through partnerships for specific products.
Private equity player Apax Partners picking up 20% stake in Shriram City Union Finance (SCUF), the retail lending arm of Shriram Group.
Alstom T&D India has been awarded a contract worth approximately Rs. 226 Cr by Power Grid Corporation of India Ltd to supply two gas-insulated substations (GIS).
Fortis Healthcare’s Singapore arm has completed 100 percent stake sale in RadLink for SGD 111 million (over Rs. 530 Cr) to Fullerton Healthcare Group.
The ultra-mega steel plant to be set up by the SAIL and NMDC in Chhattisgarh’s Bastar region has landed in trouble with villagers asserting not to give their land.
Maruti Suzuki India rolled out its 15 millionth car, becoming the only car manufacturer in India to roll out such a number.
Videocon is planning to increase its market share in the air-conditioner (A-C) segment to 20 per cent by 2017 from the current six per cent
Government may clear off NTPC, Indian Oil sell off today. The move to provide thrust to disinvestment program.
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