M&M's tractor business turns more fertile than SUVs, CVs
Uploading Date : 27-06-2017M&M’s tractors may not be as visible as its sports utility vehicles (SUVs) which vroom on Indian roads, but it is the tractor that is driving the auto major’s profitability while being a smaller contributor to revenues. As things stand this year, tractors could further expand its share in both revenue and profitability...............
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HPCL joins talks to buy stake in Russian oil fields
Uploading Date : 26-06-2017State-owned Hindustan Petroleum Corporation (HPCL) has joined the Indian consortium negotiating buying a 49 per cent stake in Russia's Vankor Cluster oil fields in the Arctic region..........
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Weakening crude prices create bullish setup for aviation stocks
Uploading Date : 24-06-2017Crude oil prices fell more than 50 per cent from their highs of June 2014 as concerns over global oversupply condition wiped out the entire price gains since the Opec move to cut production.........
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Tata Power proposes to sell 51% equity in loss-making Mundra UMPP at Re 1
Uploading Date : 22-06-2017Saddled with losses, Tata Power has approached the ministry of power and Gujarat Urja Vikas Nigam Limited (GUVNL) to sell 51 per cent equity in the 4,000-Mw Mundra Ultra Mega Power Project (UMPP) to them. Tata Power has offered a price of Re 1 for writing off the UMPP from its books...........
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Govt sells SUUTI stake in L&T for Rs 4,000 crore
Uploading Date : 21-06-2017Government sold a 2.5 percent stake in engineering and construction group Larsen & Toubro Ltd (L&T) on Wednesday, raising more than Rs 4,000 crore that will help the government meet its annual fiscal deficit target.The stake, held by the state-owned Specified Undertaking of Unit Trust of India (SUUTI)................
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ABB share rise on talks of L&T's electrical business buyout
Uploading Date : 21-06-2017Shares of ABB India advanced on Wednesday on reports that the company is in discussions with Larsen & Toubro to acquire its electrical and automation division. The L&T division had generated revenues of Rs 4,650 crore and operating profit of a little over Rs 700 crore in 2016-17 and is expected to be valued at Rs 14,000-18,000 crore, ET reported.............
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SpiceJet hits new high on signing pact with Boeing for 40 737 Max airplanes
Uploading Date : 20-06-2017SpiceJet hit a new high of Rs 128, up 2.4% on the BSE, after the company and Boeing on Monday signed a memorandum of understanding for 40 737 MAX airplanes..........
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Tata Group shares in focus, rally up to 20%
Uploading Date : 20-06-2017Shares of Tata Group companies were in focus, trading higher by up 20% on BSE in otherwise range-bound market. Nelco, Tata Investment Corporation and Tinplate Company were up between 5% and 20%, while Tayo Rolls, TRF, Tata Power Company, Titan Company, Tata Sponge Iron, Tata Motors and Trent were up in the range of 2% to 4% on BSE............
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