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Two years of PM Modi: PSU profitability shows mixed trend

IIFL / 13:03, May 31, 2016

PM Modi’s clarion call of development ‘Sab ka saath, Sab ka vikas’ seems yet far from yielding tangible gains - at least for some PSUs. The list includes state-owned firms like ONGC, BHEL, Gain India, Oil India, and NTPC among others.

Stock Market News

Reliance signs agreements for the sale of its interest in Gulf Africa Petroleum Corporation to Total

India Infoline News Service / 12:28, May 31, 2016

REPDMCC’s agreement to sell its interest in GAPCO is part of a joint transaction, wherein both REPDMCC and the Minority Shareholder have agreed to sell their entire respective holdings in GAPCO for cash.

Economy News

Future of agriculture in India is great and people are hopeful: Radha Mohan Singh

India Infoline News Service / 09:34, May 31, 2016

The implementation of the agriculture schemes takes place through states. Therefore, based on the questions asked we get to know extent of agricultural progress in states. Singh said that he would have direct question - answers session on face book regularly, said Radha Mohan Singh.

Business News

Qlik delivers new cricketing insights to IPL fans using visual analytics

India Infoline News Service / 12:08, May 31, 2016

The Qlik Sense IPL application is designed to be user-friendly and intuitive, enabling cricket lovers to engage in self service data analysis to find out more about their favorite teams and players.

IPO News

Bharat Wire Ropes IPO subscribed 59%

India Infoline News Service / 17:35, Mar 21, 2016

The initial public offering (IPO) received bids for 1,04,09,100 shares against the total issue size of 1,75,00,000 shares, according to NSE data.

MF News

SEBI forces MFs to merge investment schemes to reduce number of open-ended schemes

India Infoline News Service / 17:12, May 30, 2016

SEBI is aggressively pushing mutual funds to merge schemes with similar investment themes as part of its efforts to cut down the number of open-ended plans being provided by AMCs.

Global News

Wall Street mixed...Nasdaq climbs, S&P flat, Dow dips

India Infoline News Service / 06:42, May 10, 2016

US technology shares ended modestly higher while the S&P 500 finished flat and the Dow industrials closed in the negative territory.

M & A News

Merger and Acquisition Round Up – May 23 to 27, 2016

India Infoline News Service / 17:51, May 27, 2016

Fortis Healthcare announced that the Board of Directors of the Company at its meeting held on May 26, 2016, has decided to assess and evaluate a demerger of the diagnostics business of the Company in addition to other options that may be available to unlock and monetize value inherent in this business.

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