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Top News

Worst week sees Top 9 Sensex firms lose Rs.93,000 crore

India Infoline News Service / 21:35, Aug 30, 2015

Coal India was the exception as it saw its valuation jump by Rs. 5,495.23 crore to Rs 2,25,746.86 crore in the week ended August 28. TCS saw its mcap fall by Rs. 20,458.91 crore to Rs. 5,03,520.41 crore while Reliance saw its market cap crash by Rs. 11,689.71 crore to Rs 2,82,107.36 crore. State Bank of India’s market cap fell by Rs. 13,732.69 crore to Rs 1,88,587.97 crore. HDFC Bank market cap was down by Rs. 8,320.91 crore to Rs 2,58,362.90 crore, while HDFC slipped by Rs. 4,400 crore to Rs 1,89,268 crore.

Stock Market News

Worst week sees Top 9 Sensex firms lose Rs.93,000 crore

India Infoline News Service / 21:35, Aug 30, 2015

Coal India was the exception as it saw its valuation jump by Rs. 5,495.23 crore to Rs 2,25,746.86 crore in the week ended August 28. TCS saw its mcap fall by Rs. 20,458.91 crore to Rs. 5,03,520.41 crore while Reliance saw its market cap crash by Rs. 11,689.71 crore to Rs 2,82,107.36 crore. State Bank of India’s market cap fell by Rs. 13,732.69 crore to Rs 1,88,587.97 crore. HDFC Bank market cap was down by Rs. 8,320.91 crore to Rs 2,58,362.90 crore, while HDFC slipped by Rs. 4,400 crore to Rs 1,89,268 crore.

Economy News

Stanley Fischer expects US inflation to head higher

India Infoline News Service / 12:26, Aug 30, 2015

The economy has continued to recover and the labor market is approaching our maximum employment objective, inflation has been persistently below 2 percent, Fischer says.

Business News

The St. Regis Macao rolls out the red carpet with exclusive opening offer

India Infoline News Service / 15:08, Aug 29, 2015

Conveniently located along the vibrant Cotai Strip which offers easy access to over 600 unparalleled retail outlets, hundreds of dining options and a diverse range of world-class entertainment, The St. Regis Macao is poised to become the most coveted address in the popular tourist destination.

Corporate News

Top Corporate news of the day

India Infoline News Service / 12:08, Aug 28, 2015

SeQuent Scientific Limited (SeQuent) and Lyka Labs Limited today announced that Alivira Animal Health Limited (Alivira), a subsidiary of SeQuent, and Lyka Exports Limited (Lyka) , a subsidiary of Lyka Labs Limited, have entered into a definitive agreement under which Alivira will acquire the Animal Health Business of Lyka on a “going concern” basis.

IPO News

Shree Pushkar Chemicals & Fertilisers IPO subscribed 1.42 times

India Infoline News Service / 06:16, Aug 28, 2015

The Qualified Institutional Bidders (“QIBs”) subscription stood at 1.04 times while the non-institutional investor subscription was at 2.23 times.

MF News

Top mutual fund news of the day- August 29, 2015

India Infoline News Service / 15:32, Aug 29, 2015

Ujjivan Financial Services Private Limited, a microfinance institution (MFI) based in Bangalore, India, recently announced that it has raised Rs. 500 mn from United Trust of India.

 
Global News

Asian market muted on China’s jitters and upcoming US jobs data

India Infoline News Service / 15:27, Aug 06, 2015

Weak Chinese manufacturing data fuelled concerns about a hard landing for the world’s no 20 economy. Additionally, caution ahead of Bank of Japan meeting on Friday weighed on the sentiment.

M & A News

Ultratech plans to acquire JP's Bhilai cement plant

India Infoline News Service / 07:01, Aug 28, 2015

Report says that Group's cement arm Ultratech is in talks with Jaiprakash Associates Ltd (JAL) for acquiring its 2.2 million tonne (MT) Bhilai unit.

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