Powerhouse Fitness IPO: Valuation too pricey, says expert

Powerhouse Fitness IPO scan by VS Fernando Powerhouse Fitness: Promoters' omissions & commissions at Santowin Corporation & SVC Resources, hordes of litigations and issue manager's link to securities scam-tainted group put the IPO on weak footing....

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Modi orders officials to clean loos on Gandhi's birthday

Prime Minister Narendra Modi has ordered government officers to work on Mahatma Gandhi's birthday, a national holiday, to clean ministries - including toilets - in a nationwide cleanliness drive. Modi plans to honour the independence hero by launching...

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More hurdles for Sistema, minority investors move HC

After having met with disappointment with FIPB rejecting their proposal, the latest hurdle could come by way of a pending suit before the Rajasthan High Court. Looking to pump in Rs 10,000 crore into its Indian subsidiary, Sistema is facing multiple...

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PM pitches India story, lists priority areas to US CEOs

Hosting a breakfast for 11 CEOs, including Indian-origin PepsiCo CEO Indra Nooyi, Google Chairman Eric Schmidt and Citigroup chief Michael Corbat, Modi said India is open-minded and want the change, which is "not one-sided". Prime Minister Narendra...

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Srei Infrastructure launches Rs 250-cr NCD issue

The bonds with tenure of two years will offer an annual coupon of 10.75 percent to institutional and non-institutional investors, while retail investors will get 11.25 percent Srei Infrastructure Finance  today launched a Rs 250-crore domestic...

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Can create enough cash to handle debt: Strides Arcolab

Strides Arcolab  board has given the go-ahead to merge Shasun Pharma with itself in an all-stock deal. Shareholders will get 5 shares of strides for every 16 shares of Shasun Pharma. Strides stock rallied 9 percent in trade but Shasun Pharma...

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PVR to raise Rs 500 crore through QIP

It also approved management services agreement with its JV firm PVR bluO Entertainment. Moreover, Ajay Bijli along with five independent directors has been appointed. Multiplex operator PVR  today said that its board has approve plans to raise...

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FTIL exits MCX; completes 15% stake sale to Kotak Mah Bk

"FTIL today completed the sale of 15 per cent equity stake in Multi Commodity Exchange of India (MCX) to Kotak Mahindra Bank for a consideration of Rs 459 crore. With this, FTIL's shareholding in MCX is nil," Jignesh Shah-led company said in a statement....

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Modi woos US CEOs, says India open-minded, wants change

India is open-minded and wants change, Prime Minister Narendra Modi said on Monday during the Breakfast meeting. After addressing UN General Assembly on Saturday and Indian-American communities at Madison Square Garden on Sunday, Prime Minister Narendra...

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Nifty ends 10 points lower after an interesting session

Every time Nifty went down by close to around 20 points there was some buying while at the high point that is when we were higher by around 20-25 points selling pressure did come in. An interesting trading session is what we saw today. Every time...

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Oswal Overseas: Outcome of board meeting

Oswal Overseas at its meeting held on September 22, 2014, has decided to increase the paid up capital by issuing preference shares of Rs. 300,00,000/- (Rupees Three Crores Only) divided by 30,00,000/- (Thirty Lakhs Only) preference shares of Rs. 10 (Rupees...

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Dalmia Bharat Sugar and Industries: Outcome of AGM

Dalmia Bharat Sugar and Industries has informed that the 22nd Annual General Meeting (AGM) of the Company was held on August 30, 2014. Dalmia Bharat Sugar and Industries Ltd has informed BSE that...

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Shyamkamal Investments: Outcome of AGM

Shyamkamal Investments has informed that the 32nd Annual General Meeting (AGM) of the Company was held on September 22, 2014. To read the full report click here ...

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Sanghi Industries: Outcome of AGM

Sanghi Industries has informed that the 27th Annual General Meeting (AGM) of the Company was held on September 22, 2014. To read the full report click here ...

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Nucleus Software Exports: Outcome of board meeting - Appointment of Woman Director

Nucleus Software Exports at its meeting held on September 20, 2014, in terms of Section 149 and 150 of the Companies Act, 2013 read with relevant Rules and in compliance of listing agreement, appointed Mrs. Elaine Mathias as Additional Director (Independent...

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Vippy Spinpro's board meeting of Sept 30, 2014

Vippy Spinpro board meeting will be held on September 30, 2014, to consider appointment of CFO Re - Appointment of Whole time Director. Vippy Spinpro Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September...

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Asian Paints' Q2 results on Oct 22, 2014

Asian Paints board meeting will be held on October 22, 2014, to consider and approve the Audited financial results of the Company for the quarter and half-year ending September 30, 2014 (Q2). Unaudited consolidated financial results of the Company for...

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Shakti Pumps India's EGM on Oct 10, 2014

Shakti Pumps India has informed that the Extra Ordinary General Meeting (EGM) of the Company will be held on October 10, 2014. To read the full report click here ...

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Exide Industries' Q2 results on Oct 20, 2014

Exide Industries board meeting will be held on October 20, 2014, inter alia, to consider and approve the Unaudited Financial Results of the Company for the quarter ending September 30, 2014 (Q2). Exide Industries Ltd has informed BSE that a meeting...

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NSE Fin Wiz Season 2: Curtain Raiser

With each passing year India's workforce is incessantly on the rise. With over 12 million youth joining the job brigade every year their every day exposure is primarily limited specifically to their job profiles, thus ignoring their monthly chances of...

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Ind-AS: Widening GAP

Published on Mon, Sep 15,2014 | 20:45, Updated at Mon, Sep 15 at 20:45Source : Moneycontrol.com  By: Keyur Dave, Director - Grant Thornton India The world is getting smaller and flatter. Globalisation has made it possible to accept...

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Indian Hotels Company change in director

Indian Hotels Company has informed that Mr. Guy Crawford has stepped down as Director of the Company with effect from September 08, 2014. Indian Hotels Company Ltd has informed BSE that Mr. Guy Crawford has stepped down as Director of the Company...

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Tata Elxsi's chief financial officer Sudha Madhavan resigns

Tata Elxsi has informed that Mrs. Sudha Madhavan, Chief Financial Officer, has resigned from the services of the Company to seek other opportunities. She will be relinquishing her position on and from September 19, 2014. Tata Elxsi Ltd has informed...

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Delta Corp: Outcome of allotment committee meeting

Delta Corp has informed that the Allotment Committee of the Board of Directors of the Company at its meeting held on September 15, 2014 has made allotment of 1,94,750 Equity Shares of Re. 1/- each to the employee of the Company and its subsidiaries under...

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SEBI Amends Clause 49: Quick Highlights!

Published on Mon, Sep 15,2014 | 20:58, Updated at Mon, Sep 15 at 21:29Source : Moneycontrol.com  SEBI's Clause 49 that lays down governance requirements for listed companies was amended in April this year. The changes were brought in...

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Pokarna: Outcome of AGM

Pokarna has informed that the 23rd Annual General Meeting (AGM) of the Company was held on September 15, 2014. To read the full report click here ...

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Signs of recovery? Advance tax for 14 cos up 19%

CNBC-TV18 learns that most public sector banks, who've been facing NPA concerns, have surprisingly seen an increase in their advance tax payments. The initial trend for the second quarter (Q2) advance tax payment is indicating a healthy trend, suggesting...

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CCI clears Zuari's open offer for MCFL shareholders

Paving the way for competing open offers for Mangalore Chemicals and Fertilizers ' shareholders, fair trade watchdog CCI has cleared Zuari 's proposal to buy additional 26 per cent stake in the Vijay Mallya group firm. Deepak Fertilizers , which is also...

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MCX-SX gets conditional 1-year renewal; Sebi seeks biz plan

As crisis at its erstwhile promoter group continues to cast a shadow,  MCX Stock Exchange today got a one-year conditional renewal to function as a bourse and regulator Sebi asked it to submit a long-term sustainable business plan and take other...

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CCI approves 10.16% stake buy in Intas by Temasek

Under the proposed deal, Dunearn Investments (Mauritius) Pte. Ltd -- a indirect subsidiary of Temasek -- would acquire the stake from Mozart Ltd -- a wholly owned subsidiary of ChrysCapital III LLC. Fair trade regulator CCI has cleared Singapore government...

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Dabur India's director Albert Wiseman Paterson resigns

Dabur India has informed that Mr. Albert Wiseman Paterson, a non executive independent director of the Company has submitted his resignation w.e.f. September 08, 2014, from the Board due to preoccupation with his increased international role in other...

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KIFS Financial Services: Outcome of AGM (Clause 35A, Scrutinizer Report)

KIFS Financial Services has informed that the 19th Annual General Meeting (AGM) of the Company was held on September 06, 2014, under Clause 35A. In this regards, the Company has submitted to BSE a copy of Scrutinizer Report. KIFS Financial Services...

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Eastern Sugar Industries' board meeting on Sept 16, 2014

Eastern Sugar & Industries board meeting will be held on September 16, 2014, to consider the allotment of 70,00,000 equity shares of Rs. 10/- each issued at par on preferential basis and 52,50,000 equity shares against 5,25,000 cumulative convertible...

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Dabur India's consider interim dividend

Dabur India's board meeting will be held on September 15, 2014, to consider the declaration of interim dividend on the equity shares of the Company for the Financial Year 2014-15. Further, in terms of provisions of SEBI (Prohibition of Insider Trading)...

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Jayshree Chemicals: Outcome of board Meeting

Jayshree Chemicals in its urgent meeting held on September 08, 2014, has approved sale of the Company's Chlor Alkali business, comprising of manufacturing facilities at Ganjam, Odisha and Salt Works in Andhra Pradesh to Aditya Birla Chemicals (India)...

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Barak Valley Cements: Outcome of AGM

Barak Valley Cements has informed that the 15th Annual General Meeting (AGM) of the Company was held on September 08, 2014. To read the full report click here ...

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Sand Plast (India): Outcome of board meeting

Sand Plast (India) at its meeting held on September 05, 2014, has decided to make an application to Registrar of Companies, Rajasthan, for extension for holding the Annual General Meeting of the Company. Sand Plast (India) Ltd has informed BSE that...

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To launch SUV in H12015; hopeful on Guj plant vote: Maruti

In an exclusive interview, CNBC-TV18's Shereen Bhan spoke with RC Bhargava, chairman of Maruti Suzuki India , to discuss the company's upcoming plant in Gujarat, which attracted some controversy early this year, as well as its business plans with respect...

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SAT stays Sebi penalty on Satyam's Raju; upholds ban

Sebi on July 15 this year barred Ramalinga Raju and the four others from accessing the market for 14 years and asked them to return Rs 1,849 crore in unlawful gains with 12 percent interest, in total a disgorgement amount of over Rs 3,000 crore. The...

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Coalgate: No objection to de-allocation, govt tells SC

Government today left it to the Supreme Court to decide the fate of 218 coal blocks allocation held as illegal by it while stating that about 40 blocks are operational and another six are ready to produce 50 million tonnes coal in the current year. ...

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