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Engineering giant Larsen & Toubro has shown a keen interest in buying the embattled Satyam Computers, a move which has gained support from institutional shareholders such as Life Insurance Corporation of India (LIC) and ICICI Prudential Life Insurance. It is expected that the engineering heavyweight would present the revival proposal before the newly-constituted board of … Read more L&T emerging as front-runner for Satyam acquisition
Foreign institutional investors (FIIs) were net sellers of Rs 786.62 crore (provisional) in the cash segment on Wednesday, as per information posted on the BSE website. While FIIs made gross purchases of Rs 863.51 crore, their gross sales aggregated Rs 1,650.13 crore. Domestic institutional investors (DIIs) were net buyers of Rs 282.73 crore (provisional) on … Read more FIIs net sellers of Rs 787 cr in cash segment on Wednesday
Tata Steel Ltd has informed FreePress that Corus and Klesch & Company have signed Share Purchase Agreement for acquisition of Corus’ aluminium smelters by Briand Investments B.V., an affiliate of Klesch. Corus and Klesch have today announced that they have signed a Share Purchase Agreement (SPA) for the acquisition of Corus’ aluminium smelters by Briand … Read more Tata Steel – Corus Purchase Agreement with Klesch
Pantaloon Retail India Ltd has announced the following Unaudited results for the quarter ended December 31, 2008: The results for the Quarter ended December 31, 2008 The Company has posted a net profit of Rs 335.40 million for the quarter ended December 31, 2008 as compared to Rs 316.50 million for the quarter ended December … Read more Pantaloon Retail announces Q2 results
Government-owned LIC Housing Finance (LICHF) is likely to roll out a financial services subsidiary in this quarter with an aim to strengthen its distribution and marketing network. The new arm — LIC Housing Finance Financial Services — is expected to open its first office in Mumbai and expand to other parts of the country later. … Read more LIC Housing Finance plans to roll out financial services subsidiary
Financial Technologies India has announced the launch of the Bahrain Financial Exchange(BFX).The BFX regulated by the Central Bank of Bahrain (CBB) has been given approval to list cash and derivatives instruments on multiple asset classes such as currencies, commodities, equity and debt related products for trading and clearing by its brokers. The Exchange will also … Read more Financial Technologies launches BFX in Bahrain