ICICI Bank Ltd has approved the sub-division of one equity share of the Bank having face value of Rs. 10/- each into five (5) Equity Shares of face value of Rs. 2/- each.
L&T has acquired 50 per cent stake in L&T-Ramboll Consulting Engineers Ltd (LTR) held by Ramboll Denmark. With this acquisition, LTR now becomes a wholly-owned subsidiary of L&T.
Ashok Leyland Ltd has secured orders for 4,000 buses valued at nearly Rs. 1,500 crore from various state transport undertakings (STUs) under JNNURM-II.
The Supreme Court has concluded hearings on whether it should cancel the licenses for nearly 200 coal blocks which it declared illegal last month. Judges have reserved their order, which means a verdict will be delivered at the next hearing.
Key benchmark indices settled marginally as dollar rose against a basket of other major global currencies on speculation US interest rates may rise faster than investors anticipated. An increase in US interest rates will reduce the attractiveness of higher-yielding emerging-market assets including Indian stocks. The BSE Mid-Cap index was up 49.70 points or 0.51% at 9,843.37. The BSE Small-Cap index was up 34.15 points or 0.31% at 10,885.98. The market breadth indicating the overall health of the market was positive.