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Mindshare and Market Updates

ONGC to invest over Rs 7300 crore to develop R-series fields

ONGC to invest over Rs 7300 crore to develop R-series fields

24/02/2017 5:23 PM | Friday | By DSIJ Team

To increase the oil and natural gas production and reduce dependency on imports, the government-owned Oil and Natural Gas Corporation will invest Rs 7327 crore in development of R-series fields. ONGC’s plan of investment is in line with government’s aim to increase public investment for stimulating the economy.

D-Mart IPO creating buzz in the grey market as premium soars

D-Mart IPO creating buzz in the grey market as premium soars

24/02/2017 4:55 PM | Friday | By Abhishek Kumar

Radhakishan Damani-promoted Avenue Supermarts, which owns retail chain major D-Mart, is making all the buzz in the grey markets as it is quoting at a premium of Rs 175-180 over the expected issue price.

ABB to transfer technology to Indian arm to boost exports

ABB to transfer technology to Indian arm to boost exports

24/02/2017 3:47 PM | Friday | By DSIJ Team

Swiss-Swedish power equipment and robotics company ABB Ltd will transfer new smart-grid technologies to its Indian arm and ramp up local production to make the country an export hub for high-end power transmission systems and microgrids.

We are in the same boat: After TCS, big bro Infy may take buyback route too

We are in the same boat: After TCS, big bro Infy may take buyback route too

24/02/2017 3:23 PM | Friday | By Lohit B

The Infosys board is considering share buyback plan of USD 2.5 billion (Rs 1660 crore) in April 2017. Its competitor TCS has already announced a share buyback worth Rs 16,000 crore in the second week of February.

Maruti successfully completes car safety tests

Maruti successfully completes car safety tests

24/02/2017 3:07 PM | Friday | By DSIJ Team

Maruti Suzuki India Ltd (MSIL) has successfully tested for pedestrian, full frontal and offset-frontal crash safety on five of its popular models – Baleno, Ciaz, Ignis,  Brezza and S-Cross.

India to be the fastest growing economy in 2017: Moody's

India to be the fastest growing economy in 2017: Moody's

24/02/2017 12:33 PM | Friday | By DSIJ Team

Moody's Investors Service has reckoned India to be the fastest growing economy in 2017, leaving behind other G-20 countries such as the US, Germany, and others.

Fired by your employer? No worries, if you have bought any of these insurance policies

Fired by your employer? No worries, if you have bought any of these insurance policies

24/02/2017 12:19 PM | Friday | By Lohit B

The early arrival of summer this time has not really gone well with many as several being handed over pink slips by their organisations and the list comprises of start-ups to e-commerce majors to IT giants.

SEBI allows trading of soya oil in the Exchanges

SEBI allows trading of soya oil in the Exchanges

24/02/2017 12:18 PM | Friday | By DSIJ Team

The growing deficit of edible oil and the large amount of imports of the the degummed soya oil between the year 2015 and 2016 has led the markets regulator, the Securities and Exchange Board of India (SEBI) to allow futures trading of the degummed soya oil.

Axis CEO clarifies on 'merger' talks: Ends all the speculations in the markets

Axis CEO clarifies on 'merger' talks: Ends all the speculations in the markets

24/02/2017 12:06 PM | Friday | By Abhishek Kumar

Country’s third largest lender Axis Bank CEO Shikha Sharma denied any approaches for a possible merger. Contrary to the speculations in the markets, Sharma in an interview to a leading English business daily, clarified the situation. Dalal Street has been buzz of Axis Bank becoming a potential acquisition target for other private sector banks.

Distress in the PC market, considerable decline in the market size

Distress in the PC market, considerable decline in the market size

24/02/2017 10:54 AM | Friday | By DSIJ Team

In a snowball effect post demonetisation, thump on the Indian economy has further aggravated the distress in the personal computers market with the size of the market dropping down to 8.58 million units in 2016 from 10.12 million units in 2015.

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