Reliance Industries To Seek Shareholder Nod To Raise Rs. 25,000 Crore

Mumbai: Reliance Industries will seek shareholder approval to raise Rs. 25,000 crore ($3.88 billion) via sale of secured or unsecured redeemable non-convertible debentures in a private placement, it said in a release. The company will conduct its annual general meeting with shareholders on July 21, and will also seek an…

Tejas Networks Makes Tepid Listing On Stock Markets, Jumps 5%

Shares of Tejas Networks Limited which got listed on stock exchanges today made a tepid debut. The shares of the company jumped as much as 5.44 per cent to hit intraday high of Rs. 271 against its issue price of Rs. 257. Tejas Networks IPO was oversubscribed 1.88 times, with…

Orient Bell: HDFC Securities’ Top Stock Pick For The Week

Orient Bell Limited is HDFC Securities’ top stock pick for the week. HDFC Securities has recommended buying Orient Bell Limited (OBL) for an immediate target price of Rs. 299 and above Rs. 299 it expects the stock to go up to Rs. 329 in two-three quarters. Orient Bell Ltd, earlier…

Sensex Down Over 100 Points, Nifty Below 9,550; PSU Banks Weigh

The Sensex fell over 100 points and Nifty was trading below its important psychological level of 9,550 as PSU banking shares came under heavy selling pressure after a report suggested that the strong steps taken by Reserve Bank to resolve NPAs are likely to raise provisioning by a whopping 25…

Nifty Falls For Fifth Day In A Row, Closes At One-Month Low

The NSE Nifty fell for a fifth straight session and the Sensex closed below important psychological level of 31,000 on Tuesday as lenders took a hit following a report that the country’s central bank has demanded higher provisioning for loans submitted under the insolvency process. The broader Nifty fell below…

US Exports To India Support 2,60,000 Jobs In America: Report

Washington: American exports to India support more than 260,000 jobs directly and indirectly in the US and the cumulative investment from the country into India reached $28.3 billion in 2015, a new report said on Monday. India’s foreign direct investment (FDI) in the US totalled $9.2 billion as of 2015,…