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Ashoka Buildcon Staged a Sharp Recovery After 20% Plunge in Stock Market

One of India's largest highway and road developers prepared to recover after a massive loss in Wednesday. The company's stock slumped following the raid of tax officials.

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BRICS/SCO Summits - Russia 201

LIC invests ₹2,750 crore in shares of nine state-owned banks

Life Insurance Corporation has invested in nine state-owned banks. The Indian-based insurance group has invested around ₹2,750 crore in shares of nine banks in order to strengthen their capital reserve.

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Radico Khaitan Ltd

Jhunjhunwala's Rare Enterprises picks up stake in Indian liquor firm Radico Khaitan

Rare Enterprises, the company of ace investor Rakesh Jhunjhunwala, picked up 6.85 lakh shares of India-based liquor firm Radico Khaitan via open market in a deal valued at INR11.50 crore.

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Bharat Forge

Indian firm LIC cuts stake in Bharat Forge

Indian state-run insurance firm Life Insurance Corp (LIC) sold a 2.001% stake in Pune-based metal forger Bharat forge in a deal valued at INR150.53 crore, reducing its total stake in the company to 5.0205%.

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Infosys

Board member of Indian firm Infosys exits shares worth INR7.46 crore

Srinath Batni, a member of the Board of Directors of India-based IT services provider Infosys, sold 20,000 company shares for INR7.46 crore at the Bombay Stock Exchange (BSE).

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Lovable Lingerie Ltd

Singapore's Nalanda Capital ups stake in Indian firm Lovable Lingerie

Singapore-based private equity firm Nalanda Capital has increased its holding in Mumbai, India-based underwear manufacturer Lovable Lingerie Ltd to 8.79% in a deal valued at $3.25 million.

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Zyden Gentec Ltd.

Zyden Gentec shares fall as Punjab National Bank offloads its 3% stake

Zyden Gentec Ltd.'s shares fell by 5% to INR15.25 per share after Punjab National Bank's recent stake sale. PNB had sold 335,141 of its shares in the pharmaceutical company, which represents a 3% equity ownership.

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Hero MotoCorp

Hero MotoCorp purchases 60% stake in joint venture with Italy's Magneti Marelli

Hero MotoCorp on Wednesday announced its buyout of 17.49 lakh shares in HMC MM Auto Ltd., which represents a 60% stake in the company. HMC MM Auto Ltd. is a joint venture of Hero MotoCorp and Italian automobile company Magneti Marelli.

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Idea Cellular Ltd.

Sanjeev Aga divests 5,000 shares in Idea Cellular for INR8.81 lakh

Idea Cellular board director Sanjeev Aga exited from his 5,000 shares in the Indian mobile network operator for INR8.81 lakh. Aga has been credited for launching Idea Cellular.

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Mahindra Holidays and Resorts India

India's Mahindra Holidays shares rally 5% after stake sale

The stock of India-based Mahindra Holidays rose 5% after the company announced it had sold all its shares in two hotel firms in Austria for an undisclosed sum.

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Tech Mahindra

Indian firm Tech Mahindra mulls merger with Mahindra Engineering

Information, communication and technology (ICT) solutions provider Tech Mahindra is holding a board meeting on Friday to consider a merger with engineering firm Mahindra Engineering Services.

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State Bank of India

SBI increases stake in Indonesian subsidiary

In a filing on the Bombay Stock Exchange, the State Bank of India said that it had raised its stake in its Indonesian subsidiary by 99%.

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BSE

Six SMEs launch IPOs amid sluggish market conditions

Despite the current market trends in India, a total of six small and medium enterprises had filed IPOs in the last one month.

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Infosys

Infosys Q1 results as expected, stocks rise almost 15%

Infosys Q1 results were as expected and stocks rose by around 15%.

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