Nikkei Services And Composite PMI for Dec will be out today. Rupee could see some weakness. Finance Minister Arun Jaitley will hold pre-Budget consultation with representatives of industry and trade groups. The weekly meeting of Union Cabinet and the Cabinet Committee on Economic Affairs is also scheduled today.
The outlook is a flat start. Nikkei Services And Composite PMI for Dec will be out today. Rupee could see some weakness. Finance Minister Arun Jaitley will hold pre-Budget consultation with representatives of industry and trade groups. The weekly meeting of Union Cabinet and the Cabinet Committee on Economic Affairs is also scheduled today.
Narayana Hrudayalaya's IPO, will list on the bourses today and reports indicate it could command a premium of about Rs 30-35 per share over its issue price of Rs 250.
Mahindra and Mahindra (M&M) is all set to launch its premium small commercial vehicle Imperio in Mumbai today. According to reports, M&M is expected to launch eight products in 2016 and kicking off the year will be the launch of Imperio.
Petitions of cellular operators challenging the call drop rules will come up for further hearing today.
form of public investment will continue to drive the efforts to revive the economy in the face of a global economic slowdown.
JSW Energy reportedly said that it has not yet taken a decision on whether it wants to acquire 74% stake in Monnet Power, Chief Executive Officer Sanjay Sagar was quoted as saying.
Government has reduced the export duty on iron ore pellets to zero from 5%, according to reports.
RINL ended the year achieving best ever performance in production and also in its sales volume during April-December, 2015 despite volatile and difficult market conditions in the country. On the Sales front, RINL registered a growth of 8% by achieving a turnover of Rs.8636 crores during April-December’15.
Competition Commission has given nod to Reliance Capital Asset Management's proposed acquisition of Goldman Sachs' mutual fund business in India for Rs. 243 crore.
SITI Cable Network rallied 5% to Rs.39 on BSE. Reserve Bank of India has notified that Foreign Institutional Investors (FIIs)/ Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of SITI Cable Network Limited under the Portfolio Investment Scheme (PIS).
The Government has reportedly scrapped a 5% export duty imposed on iron ore pellets in view of the falling global prices and the lack of demand for such ore among domestic steel producers.
Moody's Investors Service Liquidity Stress Index (LSI) jumped to 6.8% at the end of December 2015 from 6.4% in November, reaching the index's highest level since February 2010 and just slightly above its long-term average of 6.7%, forewarning of a rise in the default rate in 2016, the rating agency says in its most recent edition of SGL Monitor Flash.
The president of Reliance Jio Infocomm's optic-fibre operations, Ralph Steffens, has left the company and joined London-based global mobile network firm Truphone as its chief executive
Baring Private Equity Asia, which acquired control of information technology services firm Hexaware Technologies three years ago, has sent feelers to potential suitors to sell its 71% stake in a deal that could value the Indian outsourcer at Rs 8,000 crore, says a report.
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