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Volatility grips Dalal Street as Sensex slips 174 pts ahead of Fed rate decision

2017-12-13 moneycontrol
In what could be termed as a volatile day of trade on D-Street, benchmark indices witnessed wild swings in both directions, before ending the day on a weak note. Investors could be cautious ahead of key events such as US Fed meet outcome, along with Gujarat elections’ second phase and the opinion polls which will be out on Thursday. Sentiment could also have been hit on the back of subdued economic data. (7-0)

Closing Bell: Sensex ends 174 pts lower, Nifty ends below 10,200; Kotak Bank up 1%

2017-12-13 moneycontrol
3:30 pm Market at Close: Selling pressure intensified on the D-Street in the final hour of trade, as the Sensex closed over 140 points lower, while the Nifty shed 0.37 percent, but ended above 10,200. (27-0)

Top buzzing midcap stocks to trade on December 13

2017-12-13 moneycontrol
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Monnet Ispat, Dish TV, Century Textile and Industries, Grasim Industries, Fortis Healthcare, Interglobe Aviation, Punj Lloyd, Kalpataru Power, Unitech and HPCL.

InterGlobe Aviation falls 3% on equity dilution; offer for sale opens

2017-12-13 moneycontrol
InterGlobe Aviation shares fell 3 percent on equity dilution by promoter entities through offer for sale that opened for subscription today.

IndiGo promoters to sell shares worth Rs 1,245 crore through OFS on Wednesday

2017-12-12 moneycontrol
Two promoter entities of InterGlobe Aviation plans to offload shares worth at least Rs 1,245 crore through the offer for sale route on Wednesday, according to regulatory filings.

InterGlobe, Multibase: Promoters’ stake sale

2017-12-12 thehindubusinessline
The offer-for-sale from InterGlobe Aviation and Multibase opens for subscription on Wednesday (for non-retail investors) and on Thursday (for retail investors). Promoters of InterGlobe Aviation (owners of IndiGo) will sell 1.11 crore shares and the floor price is fixed at ₹1,130 a share. BSE-listed Multibase’s promoter will sell 800 shares at a floor price of ₹530. The stake-sale by the promoters aims at meeting SEBI’s minimum public shareholding norm of 25 per cent in listed companies.

IndiGo promoters offloading Rs 1,245-crore shares through OFS

2017-12-12 business-standard
Two promoter entities of InterGlobe Aviation plans to offload shares worth at least Rs 1,245 crore through the offer for sale route on Wednesday, according to regulatory filings. The sale would help InterGlobe Aviation, parent of no- frills airline IndiGo, meet the minimum public shareholding requirement for listed companies.

InterGlobe Aviation Limited - Updates

2017-12-12 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information.

IndiGo owners InterGlobe Aviation to sell 2.91% stake for $197 million

2017-12-12 livemint
Bengaluru: InterGlobe Aviation Ltd, the owner of India’s biggest airline IndiGo, on Tuesday said two of its founder group companies will in this week sell a combined 2.91% stake in the company worth about Rs1,265 crore ($196.5 million).

InterGlobe Aviation founders to sell 2.91 percent stake for $197 million

2017-12-12 in.reuters
(Reuters) - InterGlobe Aviation Ltd, the owner of India’s biggest airline IndiGo, on Tuesday said two of its founder group companies will in this week sell a combined 2.91 percent stake in the company worth about 12.65 billion rupees ($196.5 million).

InterGlobe Aviation Limited - Offer For Sale-Stock Exchange Mechanism

2017-12-12 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information.

HPCL, BPCL, IOC, Jet, SpiceJet, IndiGo fall 2-3% as Brent crude climbs above $65/bbl

2017-12-12 moneycontrol
Oil marketing and aviation companies' share prices fell 2-3 percent on Tuesday following sharp rise in crude oil prices in international market.

News Live: Govt seeks stay on Rs 20,000cr Vodafone tax arbitration case

2017-12-11 moneycontrol
The Centre has moved the Supreme Court, seeking a stay on the Rs 20,000 crore Vodafone tax arbitration case, reports CNBC-TV18. The apex court will hear the government plea on December 12. The government has told the court that Vodafone cannot be allowed to invoke arbitration in the same case in two forums. (35-0)

News Live: Axis Bank, Bank of Baroda sell part of Essar Steel loan at a discount, says report

2017-12-11 moneycontrol
As tax officials chase to meet stiff revenue targets amid sluggish growth, there is a sudden surge in prosecution notices slapped by the Income Tax (I-T) Department, reports The Economic Times. Till now prosecution provision was invoked sparingly and primarily on wilful tax evaders. Now, prosecution proceedings are being initiated for not filing tax returns or for short or even delayed remittance of tax deducted at source (TDS) by business entities. (35-0)

News Live: Bitcoin futures surge past $18,000

2017-12-11 moneycontrol
Axis Bank and Bank of Baroda disposed of a part of their foreign currency loans in Essar Steel, selling the debt at 30-40% discounts with a foreign hedge fund acquiring it, sources told The Economic Times. Essar Steel has Rs 49,000 crore of loans outstanding, including external commercial borrowings of Rs 6,000 crore. The loans that Axis Bank and Bank of Baroda sold were part of the external commercial borrowings (ECBs). (35-0)