Indian equities rise for second straight day
The Indian stock markets responded enthusiastically Tuesday to a people-friendly railways budget presented in parliament and ended on a positive note for the second consecutive day.
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HDFC Bank offers one share for 29 in Centurion Bank
The privately held HDFC Bank said Monday that its board has approved a share swap ratio of one share for every 29 held in Centurion Bank in an all-share deal that would be India's biggest buyout in the financial sector.
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Reliance Power offers 3 free shares for every 5 held
Reliance Power Ltd (RPL), part of the Reliance Anil Dhirubhai Ambani Group (RADAG), Sunday announced it would give three bonus shares for every five held in an effort to reduce losses by shareholders after a dismal listing at Indian stock markets. More..
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Uttar Pradesh sugar firm to produce biomass power
Dwarikesh Sugar Industries Ltd has started producing electricity from biomass at its plant in Fardipur in Bareilly district of Uttar Pradesh. The company will supply more than 24 MW of green power to Uttar Pradesh Power Corp Ltd (UPPCL).
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Reliance Power plummets on market listing
Reliance Power Ltd (RPL), which last month made a record initial public offer (IPO) of about $3 billion, slid sharply by more than 17 percent Monday despite listing at Rs.547.80 at the Bombay Stock Exchange (BSE), a premium of more than 20 percent over its offer price of Rs.450
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