PSP Projects shares fall 5.24% on listing

By Selene 0
Mumbai: Construction company PSP Projects Ltd debuted at 5.24% discount on the exchanges over its issue price of Rs210 per piece. The stock opened at Rs199 a share and touched a high and a low of Rs199 and 189.05 respectively. In intraday it fell as much as 10%. At 10.03am, the scrip was trading at Read More

Narendra Modi to leave for four-nation tour today

By Rob 0
New Delhi: Prime Minister Narendra Modi will embark on a six-day four-nation tour of Germany, Spain, Russia and France during a Europe trip between 29 May and 3 June. Modi is expected to leave before noon on Monday on the trip that is aimed at boosting India’s economic engagement and attracting more investment from some Read More

Tech Mahindra shares plunge 17%, steepest fall in nine years

By Rob 0
Mumbai: Shares of Tech Mahindra Ltd on Monday plunged as much as 17%, its steepest fall in over nine years, after the company reported weaker then expected earnings. The stock touched a low of Rs357.60 a share—a level last seen on 8 October 2013 and fell as much as 16.7%, its steepest fall since 22 Read More

US official says laptop ban may expand to all international flights

By Rob 0
Washington: Homeland Security secretary John Kelly said he may ban laptop computers in the cabins of all international flights into and out of the US amid continuing terrorist threats to bring down airplanes, but that a final decision hadn’t been made. “That’s really the thing that they’re obsessed with, the terrorists: the idea of knocking Read More

RCom shares fall 6% on debt repayment worries

By Selene 0
Mumbai: Shares of Reliance Communications Ltd (RCom) fell 6% to Rs24.25 in Monday’s opening trade on worries over the company ability to repay its debt and poor March quarter financial results. The scrip of the company has been falling since the past few sessions after rating agency after Credit Analysis and Research Ltd downgraded the Read More

Markets live: Sensex, Nifty rise, Sun Pharma shares fall 10%

By Rob 0
Mumbai: BSE Sensex opens lower but jumps immediately afterwards on Monday. The broader Nifty, too, trades higher in the opening trade. The Indian rupee, tracking Asian currencies, was trading marginally weaker against the US dollar. The shares of HDFC and Reliance rise, whereas the shares of Sun Pharma fall nearly 10%. Here are the latest Read More