Bombay Stock Exchange (BSE)
Target Corp shock: Welspun India trades at 13-month low
Wed, Aug 24, 2016
Welspun India's share took a beatin after Minneapolis-based Target Corp, one of Welspun India's largest customers, cut ties with the company, accusing it of using lower quality cotton for making bedsheets between August 2014 and July 2016.
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Investors cheer Tech Mahindra on approval for acquiring Target Group
Wed, Aug 24, 2016
Tech Mahindra in a statement said,"The United Kingdom's financial conduct authorit (FCA) has confirmed that it has formally approved the acquisition of Target Group - a financial services outsourcing and software provider."
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Sensex ends little higher at 0.02% ahead of Janet Yellen speech
Tue, Aug 23, 2016
Indian shares closed little changed on Tuesday as investors were cautious ahead of US Federal Reserve Chair Janet Yellen's speech later this week at the gathering of central bankers in Jackson Hole, Wyoming, for further cues on US interest rates.
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Are Vodafone - Idea Cellular in 'exploratory' merger talks?
Tue, Aug 23, 2016
Vodafone India is in 'exploratory' talks with its domestic rival Idea Cellular, according to a CNBC TV18 report. The shares of Idea Cellular surged over 6.72% to Rs 100.80 after the news. Nearly 94,600 shares have been exchanged on BSE index.
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Tata Power Q1 net profit declines by 76% on adoption of Ind-As; shares down by 3%
Tue, Aug 23, 2016
Tata Power - India's largest integrated power company reported consolidated net profit of Rs 72.49 crore for quarter ended June, 2016, witnessing decline of 76.08% from Rs 303.14 crore in the corresponding period of the previous year.
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Urjit Patel fails to bring cheer to markets; end down 90 points
Mon, Aug 22, 2016
Indian shares fell on Monday as state-owned lenders retreated after Urjit Patel was named as the next central bank governor, which was seen as reducing the prospect of rate cuts in the near term and as continuing a push to aggressively clean up bad debt.
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Welspun India shares bleed by 20% after Target Corp accuses over cotton supply
Mon, Aug 22, 2016
"We have initiated immediate actions to investigate the root cause. We are appointing external auditor (one of the Big Four) to audit our suply systems and processos. This is an issue of highest priority for us and we will take all necessary steps to dissolve it," Welspun India said in the statement.
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