To fulfill one of the dreams of Azim Premji, he is going to sell Rs. 1,530 crore company’s shares in the market and will gather money to establish an education institute, which is very close to his heart. The Azim Premji Trust was presented with 213 billion shares of Wipro in December 2010 (valued then […]
India is just a decade behind from China which is able to covert coal into gas and oil for their further uses in the country and mainly in industries. It will overcome the shortages of and halve its energy import bill of $110 billion a year. Actually the technology which is being used to convert […]
Malaysian sovereign wealth fund Khazanah Investments sold their entire 4.17% stakes to YES Bank. The fund held 1.467 crore stake to YES Bank through Mauritian subsidiary Titiwangsa Investments. “The stake was old in the share market on Monday at a little discount in the market,” confirmed by a banking analyst. Khazanah Investments started investing in […]
The Monday market started to catch speed after its opening, and unexpected industrial output data boosted some of the country’s major manufacturers, like State Bank of India rallied after observing last week’s cash reserve ratio. BSE Logo Earlier stronger gains were gained after the hike in the production data also reduced expectations for a rate […]
World’s largest drug producer company Pfizer called off the deal of selling $350 million (Approx Rs. 1350 Crore) insulin to Indian Biotech Company, Biocon’s insulin products globally. In a statement from the company, Pfizer declared that they are going to launch their own insulin drug, while Biocon demanded it to be launched in an alliance. […]
The Indian Mutual Fund Industry’s assets increased to Rs. 6.75 trillion by the end of February 2012, recording an increase of Rs. 161 billion over Rs. 6.59 trillion in February. According to Crisil Research, the 2% month-on-month rise in mutual fund assets in February 2012 was largely because of mark-t-market gains jagged by equity funds […]
The fertilizing companies are hoping to urea get costly in the financial budget. They also expect that, subsidy allocations for the fertilizers announced in the budget are good indicators of realizations and profitability of the farmers. About 50% of the phosphate fertilizer producers and 55% for urea coming in through the government’s subsidy reimbursement, it […]
India is planning to raise 300 billion rupees by selling stakes in state-run firms in the upcoming fiscal year 2013, which is going to start from April 1, says Union Finance Minister, Pranab Mukherjee. The government also set a goal of collecting 250 billion rupees by selling assets in the year 2013-14, informed Pranab Mukherjee […]
