Free Press Journal
  • Govt raises Rs 1,165 cr  from Concor divestment

    New Delhi : Racing to meet its disinvestment target, the government raised Rs 1,165 crore from sale of its 5 per cent stake in Concor after retail investors turned up in hoardes to bid near twice the number of shares reserved for them.

  • Sensex Recovers

    Sensex rebounds over 436 pts on rate cut hopes

    Mumbai: A day after suffering losses following the presentation of the Union Budget, the benchmark Sensex bounced back by over 436 points today, bolstered by renewed hopes of a rate cut by the Reserve Bank amid positive Asian cues.

  • Dr Reddy’s Labs board OKs share buyback at Rs 3,500/share

    New Delhi : Drug major Dr Reddy’s Laboratories Ltd  will buyback around 44.85 lakh shares, accounting for about 2.6% of the existing paid up capital of the company, for up to Rs 1,569.4 crore at a price of up to Rs 3,500 per share.

  • Alkem Lab, Dr Lal make blockbuster debut

    Mumbai : Shares of drug maker Alkem Laboratories made a dream debut at the bourses today, ending the day with a sharp gain of nearly 32 % over the issue price of Rs 1,050. The stock which listed at Rs 1,380, reflecting a sharp gain of 31.42 % over the issue price, on BSE, finally ended at Rs 1,381.45, up 31.56 %. Intra-day, it surged 34.28 % to Rs 1,410.

  • Eros International shares nosedive over 19%

    Mumbai :  Shares of Eros International Media crashed over 19 % amid reports of downgrade and concerns over its business operations by financial services major Wells Fargo.

  • Cairn Plc to seek refund of $570 mn loss on frozen Cairn India shares

    Mumbai  : Cairn Energy Plc has said it will ask the Indian government to make good its losses after its 10% stake in Cairn India Ltd was frozen by the Indian Income Tax Department over a $1.6-bln tax dispute. Value of Cairn Energy’s stake in Cairn India has more than halved to $526 mln as on Jun 30 from $1.1 bln a year ago. Value of Cairn India shares have declined further,

  • Is Your Capital Gain actually Business Profit?

    When you transact in the capital markets i.e. buy or sell shares on a stock exchange, you will either make some profit or incur losses. Now, most investors know that profits on shares held for over 12 months are classified as long-term capital gains and are tax-free. Profits on shares held for less than 12 months are classified as short-term gains and are taxed at a concessional rate of 15%.

  • Sun TV shares down over 3%

    Mumbai : Shares of Sun TV Network witnessed selling pressure on Tuesday, falling over 3%, on concerns related to security clearance to its 33 channels. The stock lost 3.41% to Rs 321.95 at close on BSE. In intra-day session, it plunged 6.4 % to Rs 311.95. At the NSE, shares of Sun TV declined by 3.34% to Rs 322.

  • VRL Logistics shares zoom 43% on debut

    Mumbai: Transport and logistics firm VRL Logistics made a grand debut on the bourses, with shares rising over 43 per cent as against the issue price of Rs 205. After listing at Rs 288, a sharp rally of 40.48 per cent against the issue price, shares of VRL Logistics finally ended at Rs 293.30, up 43 per cent on the BSE. During the day, it hit a high of Rs 309.10 and

  • spicejet_airlines

    SpiceJet plans to raise Rs 1,500 crore; Marans exit Board

    New Delhi: Low cost carrier SpiceJet, which is going through an ownership change, plans to raise Rs 1,500 crore by way of issuing securities and allotting non-convertible preference shares to Marans, its promoters, who will be exiting the company. The Board of SpiceJet, in its meeting on Thursday, has approved the entire 58.46 per cent stake sale of its promoter group, Marans, to Ajay Singh.

  • RBI for examination of share pledging by promoters

    Mumbai :  With banks in India facing deteriorating asset quality, the Reserve Bank of India (RBI) said certain corporate practices of using multi-layered structures and pledging of shares to raise funds from banking system need to be examined.

  • FIIs need RBI nod to buy shares in Yes Bank

    Mumbai: Foreign investors will need the Reserve Bank’s approval to buy equity in private sector lender Yes Bank as it has reached the limit allowed for overseas shareholding.

  • DLF shares down over 4 pc on bourses

    Mumbai: Shares of DLF today came under renewed selling pressure, falling over 4 per cent in an overall weak stock market, where the benchmark index Sensex plunged 136 points.