DLF shares bounce back after hitting fresh record low
Shares of realty giant DLF on Thursday hit a fresh life-time low of Rs. 100 a piece, before bouncing back on bargain buying and gained over 15 per cent from day’s low. In a tumultuous opening trade after being battered by nearly 30 per cent in last trading session on the back of a Sebi order, the... read more »
ISRO puts third of seven Indian GPS satellites IRNSS-1C in space
On its 27th consecutive successful mission the Indian Space Research Organization’s Polar Satellite Launch Vehicle launched the IRNSS -1C, the third in a series of seven Indian Regional Navigation Satellite Systems from Sriharikota early on Thursday morning. The launch of the 1425 kg IRNSS-1C on... read more »
SoftBank’s $650 million injection to value Snapdeal at $2 billion
SoftBank Corp is set to invest up to $650 million in Snapdeal in a deal that could see it become the largest shareholder with a nearly 35% stake in India’s second-biggest online retailer and is expected to be solemnised in the last week of October when the Japanese mobile and internet... read more »
Modi replaces top finance mandarin Mayaram in first major shakeup
Prime Minister Narendra Modi has transferred the top civil servant at the finance ministry, replacing him with a top official from Rajasthan, the state that has pushed dramatic free market reforms in recent months. Arvind Mayaram’s transfer was part of the first major shuffle of top civil... read more »
