Bharti Airtel has reportedly ended takeover talks with South African phone business MTN. Negotiations broke down after the two companies failed to agree on the structure of the combined entity, according to reports.
Bajaj Auto will re-list today after demerger. The stock will have no circuit filter today. It will be part of NSE futures & options segment.
Reliance Power and GMR Infrastructure are reportedly planning to bid for PowerSeraya and Senoko Power, which account for more than 60% of the power produced in Singapore. The Singapore government-controlled Temasek Holdings, which controls over 90% of power generation and distribution in Singapore, will soon call for bids to privatise the two companies, the reports added.
Take Solutions said its board has approved splitting each of its shares into ten shares of face value Rs 1 each.
Hindustan Unilever has reportedly hiked prices of nearly all categories of personal care and home care products in an effort to neutralise the impact of rising cost of raw materials.
Bank of Rajasthan said on Friday, 23 May 2008 its board will meet on 31 May 2008 to consider issue of bonus shares.
The board of Gremach Infrastructure Equipments & Projects at the meeting held on 23 May 2008 has approved allotment of 1.5 crore convertible warrants on preferential basis to the promoters.
Geojit Financial Services said it will close its commodities futures broking business to comply with the central bank's rules on banks' participation in commodity derivatives. As the Reserve Bank of India does not allow banks, financial institutions or foreign investors to participate in the domestic commodities futures market, it ordered to either split the commodity broking business or close it down.
Geojit Financial Services reported 25.1% rise in net profit ot Rs 7.63 crore on a 74.3% increase in sales to Rs 52.35 crore in Q4 March 2008 over Q4 March 2007.
Repro India reported 68.1% rise in net profit to Rs 4.59 crore on a 1.9% decline in sales to Rs 35.06 crore in Q4 March 2008 over Q4 March 2007.
eClerx Services, Ess Dee Aluminium, Everest Kanto Cylinder, Kalpataru Power, Omaxe, REC, Shriram Transport Finance, and Usha Martin Infotech, among others will declare their March 2008 ended quarter results today.