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JSW Steel has acquired 41.3% equity in Ispat Industries by investing Rs 2,157 crore, implying an enterprise value of Rs 12,300 crore (including preference capital) and equity valuation of Rs 5,200 crore. Ispat has HRC and downstream flats capacity of 3.3 mtpa and ~0.5 mtpa, respectively. For 12mFY10, Ispat posted revenue, EBITDA... 

There are reports that International Coal Ventures (ICVL), a consortium of Indian state-run companies, is contemplating counter-bid for Riversdale. In an interview with CNBC-TV18, CS Verma, Chairman, Steel Authority of India (SAIL) and ICVL says that they will make a decision on the Riversdale bid in two weeks. “We have appointed... 

MUMBAI: Shrugging off weakness of the past two sessions, the BSE benchmark Sensex regained the 20,000 level, bouncing back in the second half, gaining nearly 91 points on emergence of buying in blue-chips. Marketmen attributed the rebound in the market to bargain hunting in selective blue chips by the foreign institutional... 

Ramesh had earlier said that the presence of SUVs on Indian roads was “criminal”, given their emission patterns, and called for an overhaul of the subsidy on diesel to discourage their use. India’s petroleum secretary S. Sundareshan said the ministry will try to examine whether owners of diesel-powered sports... 

The markets closed above the important psychological levels after remaining flat for most part of the trading session. The Sensex on Tuesday closed 0.86% higher at 20,060 and the Nifty was up at 6,000.65, an increase of 0.90%. Banking stocks led the upmove throughout, with the sector ending the trading session 2.34% higher.... 

Škoda Auto India has bagged the prestigious SUV of the year award by the Economic Times – Zigwheels for the Škoda Yeti launched this year in the Indian auto market. The Skoda Yeti made heads turn at the Auto Expo early this year simply because of its great built to start with. The car speaks volumes in terms of the Skoda... 

MUMBAI: Both the precious metals recovered at the bullion market here today on fresh buying by stockists and jewellers following a rebound in global markets. Standard gold (99.5 per cent purity) moved up by Rs 25 per 10 grams to end at Rs 20,405 from overnight closing level of Rs 20,380. Pure gold (99.9 per cent purity) also... 

The market share for Bharti Airtel stood at 28.39% as on November 30, while Vodafone Essar market share was at 23.03%, adding 3.12 mn new subscribers during the month as against its subscriber base of 121.16 million at the end of the October Indian GSM telecom operators added a 17.45mn new subscribers in November. The all-India... 

The Sensex ended trade on a strong note ahead of a long weekend. After a disastrous fall last week, the Nifty recovered nearly 200 points to end near 5950 level this week. The rally was fueled by RBI’s monetary policy, which came out today. The Central Bank kept key policy rates unchanged, which helped to boost sentiment... 

Manish Sonthalia, Senior VP – Fund Manager, Motilal Oswal Securities , on the competition that the two-wheeler space would face post the Hero, Honda JV split. Would your focus shift more towards Bajaj Auto and TVS Motors and perhaps not look at Hero Honda at this point? Bajaj Auto is doing well, there is no doubt about...