Popular Articles

IMI to invest Rs 50 cr on Bhubaneswar campus
International Management Institute (IMI), a New Delhi-based B-school, will invest Rs 50-crore in setting up its campus on 15.8 acres of land at Gothpatna on the outskirts of the city.

CIL to reduce floor price on forward e-auction
State owned Coal India Limited (CIL) has finally decided to reduce the floor price of coal offered for sale on the forward e-auction platform.

News of the day

All-party meet on Telangana begins
An all-party meeting chaired by Home Minister P Chidambaram to devise a mechanism and a road map to resolve the vexed Telangana issue began here today with TRS chief K Chandrasekhar Rao, spearheading the movement for a separate state, and Chief Minister K Rosaiah attending it.
Management

Uttam Galva zooms 10% on ArcelorMittal deal

The stock ended at its 10% upper circuit of Rs 125. The counter clocked volumes of 1.26 million shares as compared to the two-week daily average traded volumes of 913,935 shares on the BSE. The scrip surged 111% in a month. _____________________________________________________ Raja defends BSNL"s post-bid negotiations with vendors "Advt market of news channels to grow by 13%" Zylog acquires Canada-based Brainhunter for Rs 150 cr The stock today opened at 10% upper circuit at Rs 125. The counter has clocked volumes of 48,219 shares on the BSE so far, with pending buy orders for around 1.19 million shares. Uttam Galva entered into deal with ArcelorMittal in segments like specialised steel production for automobiles and white goods. The deal was signed on 5th September to buy 5.6% stake. The open offer which starts today will be made at Rs 120 a share for a 29.4% stake in Uttam Galva. Read here for news in details: Uttam Galva banks on Mittals" "Midas touch"


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