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Tuesday, July 25, 2017

Business

Scholz forging manufacture acquired by Amtek Auto today

NEW DELHI: Amtek Automobile parts maker today has acquired of German-based Scholz Edelstahl GmbH forging manufacture. The company did not disclose financial details of the proposed acquisition. “The company has acquired German-based Scholz Edelstahl GmbH through its 100 per cent Singapore-based subsidiary Amtek Precision Engineering Pte. Ltd,” Amtek Auto said in a BSE filing. Scholz is a hot die forgings manufacturer...

Sensex higher by 307 points in morning trade

Mumbai: The benchmark Bombay Stock Exchange (BSE) Sensex today rebounded sharply by 307 points in late morning trade to 28,744.47 on Asian firm global cues. Asian markets edged higher as investors positioned for the possibility that weaker-than-expected US data will prompt the Federal Reserve to adopt a cautious stance this week. US stocks closed sharply higher yesterday, as the USD...

SBI composite index for March shows significant uptrend

The SBI Composite Index, an indicator for tracking India's manufacturing activity, has shown a significant growth in output both in terms of month-on-month and yearly basis in March. The monthly index has shown robust growth of 58.5 in March 2015, from 47.6 in February 2015, signalling the highest pace of growth in last 48 months.

Facebook buys search engine ‘TheFind’ for online shopping

Houston: Social networking site Face book has embraced e-commerce after it acquired latest shopping search engine 'TheFind', signaling its aspirations in two of the Internet's biggest money-makers: search and e-commerce. Both Facebook and TheFind cast the acquisition as a way to lift the digital advertising business of Facebook, which with USD 12.6 billion in annual ad sales last year, is...

Karbonn launched ultra light Titanum Two today

New Delhi: A Karbonn Mach mobile today has launched ultra light Titanum Mach worth at 10,490 in Indian market. Expanding the Titanium Series, Karbonn today introduced another addition to its Mach portfolio with the launch of ultra light Mach Two Smartphone. The device, weighing a mere 112 gms and covered in a resilient front and back with Corning Gorilla Glass 3. Karbonn...

SAT will approve DLF’s plea against SEBI

New Delhi: Securities Appellate Tribunal (SAT) today will approve its order on DLF’s plea against a SEBI ruling that banned the realty major and its six top executives including Chairman K P Singh from capital markets for three years. DLF is trading with marginal gains this morning ahead of important SAT ruling. The stock so far has touched a high of...

Rupee rises 7 paise to 62.43 against dollar

Mumbai: The Indian rupee has risen by 7 paise to 62.43 against on fresh selling US dollar by exporters and banks in early trade at the Interbank Foreign Exchange (Forex) market on Friday. Apart from this, a higher opening in domestic equity market and passage of the Insurance Bill in the Rajya Sabha supported the rupee forex dealers said. The local...

Ranbaxy, Sun Pharma readies for new Leadership Team

New Delhi: Ranbaxy acquisition Laboratories and Sun Pharma has put in place a team of top executives including Dilip Shanghvi's son Alok Shanghvi to lead the businesses of both the organizations. While the leadership team is comprised mainly from the representatives of Sun Pharma, it also has executives from Ranbaxy, drawing upon expertise, experience and contribution of the chosen leaders...

DCGI approved Nacto Pharma’s deal for Hepatitis C drug

New Delhi: Drugs Controller General of India (DCGI) has approved Nacto Pharma’s deal for the selling of hepatitis C drug in the market. Shares of Natco Pharma roses over 5 per cent to Rs 1,890 after the company informed the Bombay Stock Exchange. In a press release Natco Pharma said that it is the first company in India to receive approval...

Sensex awake 220 points ahead of IIP, inflation data

Mumbai: The benchmark BSE Sensex today has been jumped over 220 points in early trade ahead of IIP inflation data and the NSE Nifty regained the 8,700-mark as participants bought select blue chip stocks. The 30-share index was trading higher by 220.85 points, or 0.77 per cent, at 28,880.02 as all sectoral indices, led by power, capital goods and banking,...

Tobacco companies to remove tobacco advertising boards: Delhi Govt

New Delhi: The Delhi government has said the tobacco companies to remove tobacco advertising boards, pamphlets and warned them against free distribution of boards or counters having tobacco advertising among vendors from the National capital. It is the awareness and enforcement drive in the national capital against issues related to tobacco. According to the statement of Additional Director of Health S...

Maruti XA Alpha – Muscular, Fuel-Efficient and Speedy

The Maruti XA Alpha comes from the stable of Maruti Suzuki, which is trying to make its presence in the Indian auto market stronger with this new offering. The amazing XA Alpha is one of the 6 new cars that Maruti has planned to launch in the 2012 – 2015 period. The vehicle was launched first at the 2012 Auto...

25 of 100 power plants have less than 4 days coal stock: Govt

New Delhi: One fourth of the 100 coal-based power plants monitored by CEA are reeling under acute coal shortage with stocks to last less than four days, Coal and Power Minister Piyush Goyal said today. "Out of 100 coal-based power plants monitored by Central Electricity Authority (CEA), 44 power plants were having critical coal stock of less than seven days...

Flipkart acquires Myntra; to invest $100 mn in fashion business

Bangalore: While the companies did not disclose the deal size, sources suggest the deal could be worth about Rs 2,000 crore. Marking the biggest consolidation in the e-commerce space in India, homegrown e-retailer Flipkart has acquired online fashion retailer Myntra in an estimated Rs 2,000 crore deal. While the companies did not disclose the deal size, sources suggest the deal could...