Azim Premji intends to cut his 82 % stake in Wipro Ltd, but the pace and timing to be guided by his philanthropic commitments.
UTI Mutual Fund opened two new UTI Financial Centres in the twin cities of Hyderabad and Secunderabad on Friday.
The stock market on Monday adjusted to a downward correction after touching a new peak at 9,689.68.
Driven by ever increasing liquidity into the bourses, the Sensex hit yet another new peak at 9,680.92.
The stock last traded at Rs. 1,181.05, gaining 15 per cent in the past month and exceeding Merrill Lynch's previous price target of Rs. 1,150.
The surge was due to the dollar's plunge against major Asian currencies, mainly the yen.
The decline was mainly due to cheaper food and manufactured items.
With a view to expand its presence Andhra Bank will come out with an IPO offering 8.5 cr on Jan 16.
One source said the deal may carry a 10-year maturity. They gave no further details.
Bank of Baroda will utilise the proceeds from its 7.1 cr equity offer to comply with Basel-II norms, fund business expansion, including foray into life insurance and stock broking business.
Sense plunged by 138.15 pts in highly volatile trading, marked by heavy selling by operators.
Birla MF signs a MoU with BoR to distribute and market Birla Mutual Fund products through 425 branches of BoR.
Software services firm Mastek Ltd. said on Thursday its board would meet on January 12 to consider a bonus issue of shares.
With a face value of Rs. 10, the minimum initial investment would be Rs. 5,000 and the scheme would come with two options.
CII demands removal of FBT and various other direct tax reforms to help manufacturing sector grow at 12% and economy at 8%.