Monday, 13 May 2013
Ranbaxy Company to pay $500 million to settle US fraud charges
Ranbaxy Laboratories on Monday agreed to pay $500 million (around Rs 2,743 crore) to resolve fraud allegations made in a whistle-blower's lawsuit and federal criminal charges that the company sold adulterated drugs and lied about it to US regulators. This is the largest false claims case involving a generics drugs manufacturer. ...
Sebi forces key changes to Justdial IPO
Justdial filed its offer document last year, it intended to sell shares amounting to just 10 per cent of the fully diluted paid-up equity share capital — it was looking for valuations of more than Rs 4,000 crore. According to rule 19 (2) (b) of the Sebi ICDR (Issue of Capital and Disclosure Requirements) Regulations, during an IPO, a company...
Banks might tighten loans to jewellery sector
Senior bankers said the loan-to-value ratio might be made more stringent. For instance, if loan credit was given up to 60 per cent of the value of collateral earlier, now it would be for only 50 per cent.A Gems and Jewellery Export Promotion Council official said banks had become more careful in issuing fresh standby letters of credit. After a sharp rise in defaults during the global financial crisis of 2008-09, banks had taken...
Gold sales around Rs 150 cr on Akshaya Tritiya
the jewellers in the state have made a brisk business to the tune of Rs 150 crore on the occasion of Akhsaya Tritiya, trade sources said.
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Tuesday, 7 May 2013
Rekha Rakesh Jhunjhunwala buys 25,00,000 shares of SpiceJet
Rekha Rakesh Jhunjhunwala bought 25 Lakh shares of SpiceJet at Rs 38.94 on the BSE.In the previous trading session, the share closed at Rs 40.50, up Rs 2.45, or 6.44 percent. It has touched an intraday high of Rs 41.80 and an intraday low of Rs 37.20. ...
VPM Electricals buys 10.85 lakh shares of Eon Electric Private ltd
VPM Electricals Private Limited bought 10,85,050 shares of Eon Electric at Rs 24.62 on the BSE.VPM Industrial Services Corporation LLP sold 10,86,560 shares at Rs 24.62.In the previous trading session, the share closed at Rs 24.60, down Rs 0.45, or 1.80 percent. It has touched an intraday high of Rs 24.70 and an intraday low of Rs...
HDFC Mutual Fund sold 1.10 lakh shares of MM Forgings
HDFC Mutual Fund sold 1,10,000 shares of MM Forgings at Rs 68.25 on the BSE.However, HDFC Mutual Fund A/C HDFC Midcap Opportunities Fund sold 1,70,000 shares at Rs 68.25.
In the previous trading session,...
Godrej Properties to mull rights issue
Godrej Properties shares gained two percent in early trade Tuesday as the board of directors of the company will be considering the issue of equity shares on rights basis on May 9. ...
Emami rises 3% on strong Q4 earnings, bonus issue
Emami Share Consolidated profit grew by 30 percent year-on-year to Rs 94 crore while sales rose over 13 percent to Rs 451 crore from Rs 398 crore, Y-o-Y.Revenue growth was tad below street estimates of 19 percent because of 12.3 percent de-growth in international business.
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BSE and NSE identify scrips for the restricted category
Country's premiere bourses BSE and NSE have identified several scrips to be shifted to the restricted trading category with effect from May 10, as a measure to ensure market safety. ...
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