Auto, Consumer Durables, Power, banking, capital goods, FMCG, healthcare metal, realty, Oil and gas indices are the gainers.
At 9:19AM, the S&P BSE Sensex is trading at 28,618 up 84 points, while NSE Nifty is trading at 8,657 up 29 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, healthcare metal, realty, Oil and gas indices are the gainers.
The much-feared general anti avoidance rules (GAAR) could be deferred by about two years so that business sentiment is allowed to improve in India but will need to be rolled out in some form or the other by 2017, in sync with the international framework on preventing treaty abuse that's been accepted by the G20, says a report.
In a relief for Jindal Steel and Power Ltd (JSPL) and its promoter Naveen Jindal, Delhi High Court directed a technical committee to review its own decision to change the end-use of two coal blocks earlier allotted to the company and removing the mines from the auction.
The Board of Directors of Grasim Industries Limited approved the proposed merger of Aditya Birla Chemicals (India) Limited (“ABCIL”), an Aditya Birla Group Company with Grasim. The swap ratio approved by the Board is 1 (one) share of Rs. 10 each of Grasim for every 16 (sixteen) shares of Rs. 10 each of ABCIL. Grasim will issue 14.62 Lakh new shares, which will increase its share capital to Rs. 93.31 crore.
At 9:19AM, the S&P BSE Sensex is trading at 28,618 up 84 points, while NSE Nifty is trading at 8,657 up 29 points.
The BSE Mid-cap Index and BSE Small-cap Index was trading up at 1%.
Auto, Consumer Durables, Power, banking, capital goods, FMCG, healthcare metal, realty, Oil and gas indices are the gainers.
The much-feared general anti avoidance rules (GAAR) could be deferred by about two years so that business sentiment is allowed to improve in India but will need to be rolled out in some form or the other by 2017, in sync with the international framework on preventing treaty abuse that's been accepted by the G20, says a report.
In a relief for Jindal Steel and Power Ltd (JSPL) and its promoter Naveen Jindal, Delhi High Court directed a technical committee to review its own decision to change the end-use of two coal blocks earlier allotted to the company and removing the mines from the auction.
The Board of Directors of Grasim Industries Limited approved the proposed merger of Aditya Birla Chemicals (India) Limited (“ABCIL”), an Aditya Birla Group Company with Grasim. The swap ratio approved by the Board is 1 (one) share of Rs. 10 each of Grasim for every 16 (sixteen) shares of Rs. 10 each of ABCIL. Grasim will issue 14.62 Lakh new shares, which will increase its share capital to Rs. 93.31 crore.
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