Stocks to watch: Jet Airways, Raymond, TCS, Wipro, Bharti, Ratnamani Metals & Tubes
Crude oil fell Thursday in Asia following unexpected jump in US crude inventories. Benchmark crude for November delivery was down at $68.26 per barrel.
By ET Bureau |
MUMBAI: Crude oil fell Thursday in Asia following unexpected jump in US crude inventories. Benchmark crude for November delivery was down at $68.26 per barrel.
The rupee was lower taking cues from dip in the Asian market. At 9:20 am, partially convertible rupee was at at 48.15 per dollar against its previous close of 47.98.
Jet Airways, which recently suffered the worst pilot strike, has sought the government���s permission to sell shares to overseas investors to avoid loan defaults and violation of debt covenants, as they may not be able to raise entire funds through equity route from domestic investors
Raymond is planning to sell stakes in its apparel and engineering subsidiaries to private equity funds to unlock value, according to Gautam Singhania, chairman and managing director of the 84-year-old textile company.
Tata Consultancy Services is looking at Rs 3,000-crore government projects to help it double its revenues from the domestic market in three years. The country���s largest IT services company is chasing 24 projects related to technology implementation in railways, defence, power and several state governments. The company hopes to bag a large number of these projects in the coming 12-18 months and double the share of its domestic business to 10% in three years.
Wipro plans to explore options to sell its development centre at Sophia Antipolis, France, because of extensive employee protests against shutting it down. The issue had snowballed into a major controversy with the involvement of the local French government officials. Wipro had initiated talks to close down the centre that it acquired from Newlogic because of poor demand. The centre employs around 60 people.
Union finance minister Pranab Mukherjee on Wednesday said the government is, in-principle, in favour of the Bharti-MTN deal, ���but the legal implications of the transaction will need to be looked into���. ���I had met the finance minister of South Africa during the G-25 meeting, and we discussed the Bharti-MTN issue. I have made it clear to him that we are in favour of the deal, but it has to comply with the law of the land,��� said Mr Mukherjee on Wednesday.
Ratnamani Metals & Tubes has bagged orders aggregating to Rs 152 crore recently from GAIL for gas transmission and distribution projects.
The rupee was lower taking cues from dip in the Asian market. At 9:20 am, partially convertible rupee was at at 48.15 per dollar against its previous close of 47.98.
Jet Airways, which recently suffered the worst pilot strike, has sought the government���s permission to sell shares to overseas investors to avoid loan defaults and violation of debt covenants, as they may not be able to raise entire funds through equity route from domestic investors
Raymond is planning to sell stakes in its apparel and engineering subsidiaries to private equity funds to unlock value, according to Gautam Singhania, chairman and managing director of the 84-year-old textile company.
Tata Consultancy Services is looking at Rs 3,000-crore government projects to help it double its revenues from the domestic market in three years. The country���s largest IT services company is chasing 24 projects related to technology implementation in railways, defence, power and several state governments. The company hopes to bag a large number of these projects in the coming 12-18 months and double the share of its domestic business to 10% in three years.
Wipro plans to explore options to sell its development centre at Sophia Antipolis, France, because of extensive employee protests against shutting it down. The issue had snowballed into a major controversy with the involvement of the local French government officials. Wipro had initiated talks to close down the centre that it acquired from Newlogic because of poor demand. The centre employs around 60 people.
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Union finance minister Pranab Mukherjee on Wednesday said the government is, in-principle, in favour of the Bharti-MTN deal, ���but the legal implications of the transaction will need to be looked into���. ���I had met the finance minister of South Africa during the G-25 meeting, and we discussed the Bharti-MTN issue. I have made it clear to him that we are in favour of the deal, but it has to comply with the law of the land,��� said Mr Mukherjee on Wednesday.
Ratnamani Metals & Tubes has bagged orders aggregating to Rs 152 crore recently from GAIL for gas transmission and distribution projects.
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