The Bombay Stock Exchange plans to pick up 26% stake in Ahmedabad-based National Multi-Commodity Exchange of India Ltd (NMCE), an announcement of the formalisation of the tie-up is expected here tomorrow.
In June 2007, the Bombay Stock Exchange had approached the Forward Markets Commission (FMC), the commodities market watchdog, for buying 26% stake in NMCE. The […]
Rashtriya Ispat Nigam Ltd (RINL) IPO : RINL IPO
The government will soon offload 25 per cent stake in Rashtriya Ispat Nigam Ltd (RINL), making it the first disinvestment in a profit-making steel PSU. “In response to a proposal of the Finance Ministry asking us to consider offloading some s take, the RINL Board has okayed […]
State-run commodity trading firm MMTC has become the country’s most valued public sector firm, toppling oil exploration major Oil and Natural Gas Corporation (ONGC) from this position.
he shares of MMTC surged 5 per cent on BSE to touch its upper circuit limit of Rs 56,931.50. While shares of ONGC declined 5.43 per cent and touched […]
Gujarat Mineral Development Corporation Ltd (GMDC) has announced the following unaudited results for the quarter ended September 30, 2007:
The company has posted a net profit after tax of Rs 41.76 crore for the quarter ended September 30, 2007 as compared to Rs 15.46 crore for the quarter ended September 30, 2006. Total Income has increased […]
ADAG floats cement arm to set up 4 plants
The Anil Dhirubhai Ambani Group (ADAG) has stepped into the cement business in a big way by incorporating a new arm, Reliance Cement, to set up four cement plants of 5 million tonnes capacity each with a total investment of Rs 10,000 crore.
Madhya Pradesh has been strategically […]
Tata Steel Ltd has announced the following Audited results for the quarter ended September 30, 2007:
The Company has posted a net profit of Rs 11908.30 million for the quarter ended September 30, 2007 as compared to Rs 11014.90 million for the quarter ended September 30, 2006. Total Income has increased from Rs 43795.10 million for […]
Barak Valley Cements IPO opens on Oct 29
BVCL IPO
Barak Valley Cements (BVCL), a cement manufacturer, is entering the capital market with initial public offering (IPO) of 5.66 million equity shares of Rs 10 each for cash, at a price to be decided through a 100% book building process. The issue will open on Oct. 29, […]
Exide Industries’ net profit rose 42 per cent to Rs 62.24 crore for the September quarter compared with Rs 43.74 crore for the same quarter, previous year. Total income has increased 47 per cent to Rs 668.29 crore for the year July-September period from Rs 453.58 crore a year ago.
“Lead price in the global markets […]
