FreePress India

Tata AIG, an insurance venture of the Tata Group, has rejected Satyam’s claims towards legal costs. Once the fourth largest IT exporter, Satyam had taken the Directors & Officers Liability policy (D&O Policy) to protect its executives against legal costs in defending suits brought against them for wrongful acts and any awards, including out of … Read more Tata AIG rejects Satyam’s insurance claims

National Stock Exchange (NSE), the biggest stock exchange of the country, has slashed the lot sizes for derivative (futures and options) contracts of 143 stocks in order to induce more retail participation in the segment. NSE has come out with the new lot sizes in the wake of huge spurt in the prices of many … Read more NSE reduces lot sizes for more retail participation

India’s leading real estate and infrastructure developer, Parsvnath Developers (PDL), has entered into an agreement with Red Fort Capital – a leading international real estate private equity fund. As per the agreement, Red Fort Capital will invest in the premium luxury residential project – Parsvnath La Tropicana in Khyberpass, Civil Lines, Delhi. The company’s subsidiary … Read more Parsvnath Developers inks agreement with Red Fort Capital

Jaiprakash Associates may go in for raising Rs 2,500-3,000 crore through sale of the treasury shares, which it will receive for merging four of its subsidiaries with itself, as indicated by an investment banker following the deal. The cement and construction biggie is going to receive treasury shares to the tune of 14.5% of the … Read more Jaiprakash Associates may raise Rs 2.5-3k cr through sale of treasury shares

The joint venture between the KK Modi Group and international tobacco giant Philip Morris, Godfrey Phillips India (GPI), will soon start selling the famous brand Marlboro that is owned by the latter. Marlboro is proposed to be launched this week. Presently, GPI is waiting to receive orders from the domestic dealers for the same. The … Read more Godfrey Phillips India to sell Marlboro Cigarettes in India

The rupee opened higher this morning on decent global cues as markets in Asia were in the positive terrain, while Wall Street settled mostly higher overnight. Traders hope that the sentiment might spur overseas investors to infuse additional funds into domestic equities. The domestic currency opened at 47.31 and traded range-bound at 47.30/32 per dollar … Read more Rupee trading higher on Wednesday