NCC to maintain FY14 topline increase at 10%-15%

The executive vice president for finance of NCC, YD Murthy, announced that they have been looking forward to maintain topline increase in the range of 10% to 15% in the current financial year.

Finance Minister eyes oil firms to get Rs 20,000 crore in FY14

P Chidambaram, the finance minister, announced this day that the cash payouts to oil companies in the current financial year are set to only have a value of Rs 20,000 crore.

Essar Projects bags USD 80 million worth of orders

Essar Projects, a top engineering, procurement and construction or EPC company, announced this day that it already obtained three latest orders in Abu Dhabi which is worth USD 80 million.

Security, banking firms to have Rs 42,200 crore expenditures on IT

Gartner, a research company, announced this day that the firms in the banking as well as security segments in India have been predicted to make expenditures worth Rs 42,200 crore on services and products in the Information Technology space.

Dish TV eyes Rs 175 ARPU onwards

The managing director of Dish TV, Jawahar Goel, announced this day that they have been looking forward to grow its ARPU or average revenue per user which is worth Rs 175 onwards.

JSW Steel targets 9-10% FY14 crude steel capacity increase

The chairman as well as managing director of JSW Steel, Sajjan Jindal, announced this day that they have been looking forward to obtain their guidance in the current financial year which is 9% to 10% increase in crude steel production.

IPO of India Finsec to be launched this Friday

India Finsec announced this day that its IPO or initial public issue is set to be launched this Friday to be subscribed while the conclusion has been scheduled this coming May 28, 2013.

BSE Sensex decreases 1.93% as market declines

The S&P BSE Sensex was down 387.91 points or 1.93% to 19,674.33, its lowest closing level since 6 May 2013. The index declined 427.45 points at the day's low of 19,634.79 in late trade, its lowest level since 10 May 2013. The index fell 34.68 points at the day's high of 20,027.56 in early trade. 

The CNX Nifty was down 127.45 points or 2.09% to 5,967.05, its lowest closing level since 3 May 2013. The index hit a low of 5,955.70 in intraday trade, its lowest level since 6 May 2013. The index hit a high of 6,081.45 in intraday trade. 

The total turnover on BSE amounted to Rs 3890 crore, higher than Rs 2064.84 crore on Wednesday, 22 May 2013. 

The BSE Mid-Cap index shed 1.99% and the BSE Small-Cap index fell 2.2%. Both these indices underperformed the Sensex. 

Positive 592 Negative 1737 Unchanged 117 
From the 30 share Sensex pack, 28 fell and rest rose.

IPO of Just Dial gets 10 times subscription today

Just Dial announced this day that its initial public offer or IPO has obtained 10 times subscription today wherein the majority came from HNIs or high networth individuals as well as QIBs or qualified institutional buyers.

Zee Entertainment eyes to sustain margins onwards

The managing director as well as chief executive officer of Zee Entertainment, Punit Goenka, announced this day that they have been looking forward to sustain the firm’s margins at 25% onwards.

Akzo Nobel India eyes 4-5% expansion for paint space

The managing director of Akzo Nobel India, Amit Jain, announced this day that they have been expecting for the paint space to expand in the range of 4% to 5% in the following quarter of the current financial year.

Prestige Estates to launch ventures in FY14

Prestige Estates, a realty company, through its chairman as well as managing director Irfan Razack announced this day that it has been looking forward to introduce in the market a few ventures in the current financial year.

Competition Commission eyes approval on Jet-Etihad pact

A top executive of CCI or Competition Commission of India announced this day that they have been looking forward for giving permission on the Jet-Etihad agreement as soon as possible.