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Popular Articles

Firstsource Solutions says no plans to list in US
Clarifying on the reports that Firstsource Solutions is planning to list in the US, the company said that it has "no immediate plans" to do so.

Tarapur Transformers plans IPO
Power engineering solutions provider Bilpower Ltd today said its subsidiary Tarapur Transformers is planning to enter capital market with a public offer and would file draft papers with Sebi by next week.

News of the day

Flat's better
Railway Minister Mamata Banerjee is not the only minister in the UPA cabinet who prefers a four-bedroom flat to a bungalow in Lutyens’ Delhi. Bijoy Krishna Handique, minister of mines, hasn’t shifted to a bungalow either and is quite happy to stay at his existing flat.
Management

SCI gains on plans of new buy

Shipping Corporation of India (SCI) has gained in early trades on plans of purchasing new container ships. - Sensex opens flat on global cues - FIIs net buyers Rs 695cr in F&O on Tuesday - US markets end flat - Govt defers ground handling policy by 1 yr - Asian stocks rise for second day, led by commodities, retailers - Emerging-market inflows triple on export recovery The stock has gained 2.8% to Rs 149 after touching a high of Rs 250. The stock is now just 4% away from its 52 week high of Rs 155. It has, however, surged over 100% from its 52 week low of Rs 70. Over 56,510 shares have been traded on the counter so far. SCI has planned to buy three container ships for $225 million. At present, Shipping Corporation has a total fleet strength of 76, which includes 5 container vessels.


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