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Stocks In News

 

AIRTEL

Plans move with 4G Phone at Rs 2500

In advanced talks with handset makers

Planning to launch device with voice and data pack

Launch expected around end September or early October

Smartphone won't be subsidized by Telco

Economic Times Reports

WESTLIFE DEVELOPMENT

McDonald's breaks off agreement with India franchisee after dispute

Chain terminates pact covering 169 restaurants

Termination in North and East India positive for Co

Consolidation under WDL Makes the most sense

ONGC

Board has approved the acquisition of Govts 51.11% stake in HPCL

Prior to merger HPCL will take over MRPL to bring all refining assets under one unit

Business Standard Reports

SUBEX

Approves restructuring of Co's Business

Secure & analytics solutions,related biz to be transferred to Subex Digital

Rev maximisation solutions & related biz to be transferred to Subex Assurance LLP

HCL INFOSYSTEMS

Order Win

Signs Pact with Apple India to distribute iPhone & other Apple Products

BLUESTAR

Order Win

Bags orders worth over Rs 500 Cr

MCNALLY BHARAT

Order Win

Gets order worth Rs 514 Cr

EROS INTL MEDIA

Eros Worldwide sells 6 Lk Shares at Rs 183.51/Sh

Deal valued at Rs 11 Cr for stake of 0.6%

MANAPPURAM FINANCE

Quinag acquisition buys 2.9 Cr shares at Rs 93.05/Sh (NSE)

Deal valued at Rs 265.7 Cr

Quinag acquisition Buys 1.5 Cr shares at Rs 94.73/Sh (BSE)

Deal valued at Rs 143 Cr for stake of 5.2%

BIOCON

Board approves transfer of Biosimilars Unit to Biocon Biologics

Biocon Biologics: A step-down arm of Biocon

  • SENSEX

    31,385.56 126.71   (0.41 %)
  • NIFTY

    9,794.95 40.60   (0.42 %)
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News In Brief

 

    Rupee gains 8 paise against dollar in early trade

    Mumbai: The rupee advanced by 8 paise to 64.06 against the US dollar in early session today on increased selling of the US currency by exporters and banks.

    Besides, the dollar's weakness against major currencies overseas and a higher opening in domestic stocks kept the domestic unit in good spirit, forex dealers said.

    Yesterday, the rupee had ended marginally higher at 64.14 against the US currency due to some dollar demand from importers and corporates. Meanwhile, the benchmark BSE Sensex rebounded by 218.19 points, or 0.70 per cent, to 31,477.04 in early trade.

    (PTI)

    Pyongyang warns of ruthless retaliation

    Pyongyang: The North Korean military on Tuesday threatened to respond in a ruthless way to the annual military exercise between South Korea and the US that began on Monday.  No

    The Kim Jong-un regime said it cannot avoid a "ruthless retaliation" as the allies have disregarded its warnings, warranting "merciless punishment".

    Amid one of the worst escalations between Pyongyang and Washington, South Korea and the US on Monday began their annual Ulchi-Freedom Guardian military exercises, involving about 67,500 soldiers. 

    (IANS)

    Three killed in Japanese apartment blaze

    Tokyo: Three people were killed and two others reported missing on Tuesday after a massive fire erupted in a residential building in Japan's Akita prefecture, police said.  The fire broke out in the building housing 25 residents in the city of Yokote at around 1 a.m., reports Xinhua news agency.  

    According to firefighters, 10 residents aged in their 40s and 60s were injured.  Two victims died in the spot while the third one succumbed to severe burn injuries at a hospital, the police said.  

    The blaze, which gutted the entire building along with three nearby buildings, was doused after about five hours.  The cause of the fire is being probed.

    (IANS)

    Gunfight erupts in J&K

    Srinagar: A gunfight erupted on Tuesday between militants and security forces in Jammu and Kashmir's Kupwara district, police said.  

    As soon as the security forces cordoned off Hingnikoot area following information about the presence of the militants, they were fired at, triggering the fighting.  

    "Initial reports said three to four militants were hiding," the police added. 

    (IANS)

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