Tata Steel to re-list its shares today

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Tata Steel to re-list its shares today

Even though the US market is experiencing a drop in the US market, India's key benchmark indices are likely to begin Tuesday's trading session on a sudued note tracking losses in the Asian peers.

In Asia, Kospi slipped over a per cent, while Japan's Nikkei dropped 0.7 per cent. Hang Seng, Shanghai and Taiwan were down by 0.5 per cent each.

Overnight, the US indices were recouped losses and finished with gains up to 0.4 percent.

The GIFT futures were at 19,660, when compared to the spot Nifty close of 19,675 yesterday.

Those stocks are set to be in focus on Tuesday, a source close to the story said.

The stock, formerly Edelweiss Securities, will be re-listed today on the BSE and the NSE.

Reliance : The Mukesh Ambani-led firm seeks a postal ballot vote for Ambani third-generations board selection - Isha Ambani, Anant Ambani and Akash Ambani as non-executive directors.

Tata Steel has raised the long-term rating from Ba1 to Baa3 from Moody's, and the outlook from to.

Canada's Ontario will buy a 20 per cent shares of Mahindra Teqo, a subsidiary of M&M, for 35 crore rupees.

The RBI has imposed a monetary penalty of up to Rs. 1.62 crore on these three state-run banks, owing to non-compliance with certain regulations.

Wipro profited from selling a land parcel and building in Chennai to Casagrand Bizpark, bringing in Rs 266.38 crore.

Sheela Foam, the board approved the QIP issue worth Rs. 1,200 crore, and the company will allocate 1.11 crore equity shares at Rs. 1,078 each.

HDFC AMC plans to invest Rs 25 crore in its international unit in order to ensure that it meets the net worth requirements prescribed for Registered Fund Management Entity under IFSC rules.

Indian hotels have infused $11.5 million in its wholly-owned Netherland-based subsidiary IHOCO BV to help it repay debt and other operations.

Fortis Healthcare acquired Artistery Properties for a whopping 99.9 per cent stake in the company, the company said in a statement.

Sintex BAPL, a wholly owned subsidiary of Welspun Corp, has entered into an MOU with the state government of Telangana to set up a manufacturing unit with an investment of up to 350 crore.

Birla Trimaya, the company's realty arm, has launched its Phase 1 expansion in Bengaluru. The project's revenue is estimated to be Rs 3,000 crore.

Highways Infrastructure Trust has approved the rights issues of Rs. 514 crore at Rs. 77.96 per share. The event will be open from 9 to 11 October.