February 8, 2012
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04.58 pm Oct 10Rising number of foreign tourist arrivals will create more demand for the hospitality industry, though higher capacity may cap tariff hikes.
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07.53 pm Oct 3
Retail company plans to use the funds to lower its debt to equity ratio. It’s a tough order with the stock having lost about half its value in a month. -
11.55 pm Sep 16Swedish engineering company joins the ranks of companies seeking to delist from local bourses. Shareholders will reap a windfall, though they lose a good company in the process.
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04.42 pm Sep 16Axis Bank’s business will get a leg-up after acquiring Enam’s financial services business. The deal structure has been modified to meet RBI’s conditions, but the consideration remains all-stock.
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09.34 am Aug 20Apollo Global Management has closed the Welspun Corp at Rs 225/share, although the share has dropped sharply since June, taking up the premium from 33% earlier to 74%.
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12.16 am Aug 18Hotel Leelaventure wants to become ‘asset-light’, has sold its Kovalam hotel in Kerala to a Bahrain-based Indian industrialist, but will manage the property.
12.09 pm Dec 5
Bank of India re-enters the asset management business after nearly a decade, will exploit its branch network to sell its own MF products, in addition to third-party products.
07.53 pm Oct 3
Retail company plans to use the funds to lower its debt to equity ratio. It’s a tough order with the stock having lost about half its value in a month.
03.20 pm Aug 10
NHPC’s revenues and profits during the quarter were given a leg-up by prior period income, as a water cess imposed in J&K saw expenditure zoom.
08.58 pm Jun 26
Sun Pharma got jolted as the FDA moved to seize drugs made by its US subsidiary, Caraco. Both companies will suffer a hit to their financials in 2009-10; the damage to their image may linger a little longer
09.34 am Aug 20
Apollo Global Management has closed the Welspun Corp at Rs 225/share, although the share has dropped sharply since June, taking up the premium from 33% earlier to 74%.
NEWS ANALYSIS