Companies

Halliburton and Baker Hughes Agree to $34.6 Billion Friendly Acquisition deal

Halliburton Company, one of the leading oil-field services giant, and Baker Hughes Inc., have agreed to a friendly acquisition deal where the former will take over all common outstanding shares of the latter for a deal worth $34.6 billion.

Nov 18, 2014

Allergan and Actavis Agree to $66 Billion Acquisition Deal; Valeant Loses Hostile Bid

Allergan Inc., the famous Botox-maker, announced on Monday that it has agreed to a $66 billion take-over bid from Actavis Plc, the global pharmaceutical firm, beating Valeant Pharmaceutical's hostile efforts to acquire the wrinkle-treatment manufacturer.

Nov 18, 2014

Reliance Jio Raises $1.5 Billion from 26 Banks to Refinance Loans

Reliance has said it will invest over $11 billion for its 4G telecoms service as the business beefs up infrastructure ahead of a nationwide rollout next year.

Nov 18, 2014

BSE closes points 131.22 up on Nov 17

New Delhi, Nov 17 (ANI): Trading at the Bombay Stock Exchange today closed 131.22 points up to stand at 28,177.88. At the National Stock Exchange the Nifty closed 40.85 points up to stand at 8,430.75. JSWENERGY and RURAL ELECTRIFICATION CORPORATION LTD. were among the top gainers of Group A with an increase of 12.13% and 10.25% along with NCC and Bajaj Finance Limited with an increase of 9.54% and 8.62% respectively, while the top losers of Group A include RASOYA PROTEINS LTD. and BALKRISHNA INDUSTRIES LTD. with a decrease of 19.91% and 7.03% along with PUNJ LLOYD LTD. and DEN with a decrease of 5.67% and 5.11% at the close of the markets. The Auto sector is up 266.87 points at 18,926.80 while the banking sector is up 83.16 points at 20,201.93 and the reality sector is up 5.58 points at 1,674.94. The Indian currency is up 0.02% at Rs 61.73 per dollar.

Nov 17, 2014

India Could Back Adani's Delayed Australian Coal Venture

Adani Enterprises also won a commitment from the Queensland government, which will take short-term, minority stakes in the rail and port infrastructure.

Nov 17, 2014

Andhra Pradesh could become home to India's first Disneyland.

India's First Disneyland: Andhra Pradesh Could be Home to 'Happiest Place on Earth'

Disneyland is among the many initiatives planned by the government to tap the state's tourism potential.

Nov 16, 2014

Halliburton Going Hostile with Baker Hughes Merger

Halliburton Co., the famous oil-field services giant is rushing the merger with rival Baker Hughes Inc threatening to replace its entire board of directors, according to several news reports.

Nov 15, 2014

Infosys Ties Up with DreamWorks Animation as Hasbro Deal Falls Apart

Infosys Ltd., the Indian multinational software corporation, has tied up with DreamWorks Animation SKG, the Hollywood studios credited with the making of "Shrek" and "Kung Fu Panda", to develop new engineering solutions, as merger talks with Hasbro Inc seem to take a backseat.

Nov 15, 2014

BSE closes points 106.02 up on Nov 14

New Delhi, Nov 14 (ANI): Trading at the Bombay Stock Exchange today closed 106.02 points up to stand at 28,046.66. At the National Stock Exchange the Nifty closed 32.05 points up to stand at 8,389.90. JAIPRAKASH ASSOCIATES LTD. and JPPOWER were among the top gainers of Group A with an increase of 8.92% and 7.51% along with SAIL and GSPL with an increase of 7.41% and 7.30% respectively, while the top losers of Group A include BALKRISHNA INDUSTRIES LTD and FINOLEX INDUSTRIES LTD with a decrease of 15.89% and 8.77% along with FINOLEX CABLES LTD and TVS MOTOR with a decrease of 4.87% and 4.65% at the close of the markets. The Auto sector is up 115.72 points at 18,659.93 while the banking sector is up 143.29 points at 20,118.77 and the reality sector is up 38.25 points at 1,669.36. The Indian currency is down 0.36% at Rs 61.77 per dollar.

Nov 14, 2014

SBI Q2 Profit Rises 30.5% to ₹3,100 Crore, Lags Estimates

Signs of revival in economic indicators have made banks optimistic.

Nov 14, 2014

Smart Deal: Warren Buffett Swaps Stake in P&G for Duracell Unit

Warren Buffett's firm Berkshire Hathaway has agreed to swap $4.7 billion worth of shares in Proctor & Gamble, the multinational consumer goods conglomerate, to take over its profitable battery unit – Duracell.

Nov 14, 2014

BSE closes points 68.26 down on Nov 13

New Delhi, Nov 13 (ANI): Trading at the Bombay Stock Exchange today closed 68.26 points down to stand at 27,940.64. At the National Stock Exchange the Nifty closed 25.45 points down to stand at 8,357.85. BALRAMPUR CHINI MILLS LTD. and AMTEK AUTO were among the top gainers of Group A with an increase of 17.22% and 8.67% along with DELTACORP and CUB with an increase of 6.80% and 6.20% respectively, while the top losers of Group A include BAJAJ ELECTRICALS LTD. and MAX with a decrease of 11.53% and 6.59% along with HINDPETRO and UNITECH with a decrease of 6.11% and 5.46% at the close of the markets. The Auto sector is down 73.35 points at 18,544.21 while the banking sector is down 142.30 points at 19,975.48 and the reality sector is down 23.81 points at 1,631.11. The Indian currency is up 0.12% at Rs 61.58 per dollar.

Nov 13, 2014