Buy Power Grid, price target Rs 200: Kunal Bothra
The analyst suggested a stoploss at Rs 176.
MCA opposes GVK firm Novopan’s exit plan for minority shareholders
Novopan got itself delisted from the stock exchanges in November 2014, after buying back its shares from public shareholders.
Flipkart's head of fashion Rishi Vasudev quits
Earlier this year, Vasudev was promoted to senior vice president at Flipkart and was given the additional role of managing Myntra following Narayanan's departure.
Buy Bajaj Auto, price target Rs 3,420: Kunal Bothra
The analyst suggested a stoploss at Rs 3200.
YES Bank shares rebound after 32% fall in 5 days
There are a number of reports on the private lender doing the rounds on Dalal Street. First, a dated December 10 letter by Citax Holdings is buzzing on social media platforms that say the London-based company has instructed its banks to deposit $500 million in YES Bank account within 10 working days. ETMarkets.com could not verify the origin of the letter.
UBL to snap ties with global distributor over ‘Mallya link’
Liquor co may start exporting directly through parent Heineken’s global distribution net. According to sources, ED is investigating at least five companies in India and overseas for their alleged association with embattled liquor baron Vijay Mallya. On July 24, the ED had raided Ultimate Branding Worldwide, run by Mallya’s former executive assistant V Shashikant.
US offers China tariff rate cut; announcement "imminent"
U.S. negotiators have offered to reduce tariffs on about $375 billion in Chinese goods by 50% across the board, two people familiar with the negotiations said on Thursday, and suspend tariffs on $160 billion in goods scheduled for Dec. 15.
The Wall Street bankers who burst Aramco’s $2 trillion bubble
For Wall Street, already stung by the collapse of WeWork’s IPO, Aramco is another embarrassment.
National Fertilizers, 2 others list commercial papers on BSE
Commercial paper is an unsecured money market instrument issued in the form of promissory notes.
Dabur has ‘war chest’ to buy companies, expand in rural India
The company is fanning out operations to remote parts of the country to access more consumers.
Elara Capital initiates buy on Adani Ports, target price Rs 444
Adani Ports is a key beneficiary of consolidation in the ports and logistics businesses despite the slowdown.
Edelweiss maintained buy on Inox Leisure, target price Rs 475
The brokerage said it likes Inox's aggressive expansion strategy, focus on ‘premiumisation’ and ramp-up of margin-accretive segments.
GAIL, Oil India & Power Grid caught off guard on AGR dues
Power Grid’s telecom revenue increased by 9.3 per cent year-on-year to Rs 663.3 crore in FY19.
KredX bags $26 million in Series-B round
The platform works with more than 120 corporate houses such as Tata Croma, Future Group and Vedanta. The company plans to use the fresh capital to speed up growth by hiring senior leaders. It also intends to develop new products and use the funds for acquisitions.
Piramal Realty inks joint development pact for 2.2 million sq ft in Mahim
Last year, Piramal Realty entered into an agreement with Omkar Realtors to develop a residential project spread over 2 million sq ft in south Mumbai’s Mahalaxmi locality. In 2015, Omkar had received the mandatory majority consent from eligible slum dwellers and tenants to redevelop this Dhobi Ghat slum area near the Mahalaxmi railway station.
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