The Union Cabinet has given in principle approval for the strategic sale of 52.63 per cent government stake in REC Limited (REC) to Power Finance Corporation Limited (PFC). The deal also involves the transfer of management control to PFC.

The Board of Directors of Selan Exploration Technology Limited (SETL) announced the buyback of equity shares for an aggregate amount of Rs. 25 crore. They also declared an interim dividend of Rs. 5 per equity share for FY2018-2019.

Following stocks are close to their 52-week low as at 1.54 p.m. on December 27, 2018.

Sun Pharma’s arm, the Massachusetts based DUSA Pharmaceuticals, has been awarded a preliminary injunctive relief from the US court in the case of patent contravention.

The markets on December 27, 2018 opened up. BSE Sensex is trading at 35,884.51, up by 234.57 points and the Nifty is trading at 10,800.60, up by 70.75 points. 

Suven Life Sciences, a biopharmaceutical company, surges by almost 3 per cent as it has secured product patents in Brazil and Eurasia for the treatment of neurodegenerative diseases. The product patent acquired by the company in Brazil will be valid through 2023, while the product patent acquired in Eurasia will be valid through 2024.

When it comes to investment in MFs, which are a relatively safer version of direct stocks investment, people tend to consider them as a risk-free investment vehicle. But they aren't actually risk-free. Let’s find out why your risk profile and MF investments go hand in hand.

In a bid to protect small retailers and brick and mortar shops, the government had reviewed the policy on FDI in e-commerce. The new norms bar e-commerce companies from selling products from their own companies or in which they have stake.

Larsen & Toubro Limited's construction arm won a new order in Andhra Pradesh and Madhya Pradesh in the water and effluents treatment segment.