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Popular Articles

ONGC loses Algeria oilfield to Chinese firm
State-run Oil and Natural Gas Corporation has lost an oilfield in Algeria to a consortium led by a Chinese oil firm.

F&O Outlook: More correction possible in coming days
The Nifty ignored all bullish indicators and closed below 5,000 on profit-booking and weak global cues. The close of 4,953 is marginally above the 61.8 per cent retracement level of 4,940. Hence, if it falls below this, it can retreat to 4,860. Also, the Nifty has gained over 10 per cent since the last week’s low of 4,538 and so more correction is possible in the coming days.

News of the day

Govt to transfer mgmt control of 3 sick units to RINL
In its efforts to revive ailing public sector units under the steel ministry, the government today decided to hand over management control of three sick units to steel major Rashtriya Ispat Nigam (RINL).
Home Business

Bharati Shipyard up 5%

The stock gained 5 per cent to Rs 233, after the foreign institutional investors purchased 1.12 per cent stake in the company from open market for Rs 7.08 crore. - Markets remain subdued - FIIs net buyers Rs 695cr in F&O on Tuesday - Railway stocks up 5-20% - "Challenges are more external than domestic" - Sebi panel for compensating victims of public issue scam - Flour mills to buy wheat from govt through e-auction Credit Suisse (Singapore) bought 308,000 shares of the company through block deal at a price of Rs 230.17 per share on NSE. The company has got good response to the open offer for Great Offshore. Bharati, which already holds 23.9 per cent in the company, will hold 43.19 per cent stake on completion of the offer, making it the biggest shareholder in Great Offshore.


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