The battle for the opening bell between the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) just got hotter as both now plan to start trading from 9 am beginning this Friday, December 18.
Hindalco informed the BSE that it’s shareholders have approved the financial restructuring to use a portion of its reserves to write off expenses incurred by the company on international acquisition and domestic expansion. As per the scheme, the balance lying in the Securities Premium Account would be transferred to the Business Reconstruction Reserve Account, which could [...]
Berkshire Hathaway could lose it’s ”AAA” credit rating from S&P in a year’s time if capital levels or value of its equity holdings face more downward pressure. The company’s outlook rating was revised by S&P from “stable” to “negative”. Other rating agencies like Fitch lowered it’s rating on Berkshire to “AA-plus” from “AAA”, and Moody’s continued to rate Berkshire “AAA” with [...]
As if the markets didn’t have enough on their plate already, the change in lot size for F&O contracts has sent market players scurrying for cover. In Dec-08, NSE had announced changes in the lot sizes of contracts, to be effective from March 2009.
In the light of the massive scam at Satyam, the Bombay Stock Exchange has decided to replace Satyam Computer Services with pharma major, Sun Pharmaceuticals.
Warren Buffett’s Berkshire Hathaway ended 2008 on a somewhat bleak note, it’s Class A shareholders seeing the price head south from $141,600 to (close of ‘07) to $96,600 this year, shedding almost 32%, it’s worst performance for almost three decades. It touched $147,000 on September 19, 2008, followed by a low of $77,500 on November 20.
A pretty curious case, this… Pyramid Saimira Theatre said it received a letter from SEBI asking its chairman PS Saminathan to make an open offer to buy 20% in the company at Rs.250/share.
Analjit Singh has taken an additional 1% stake in EIH Ltd. (East India Hotels, part of the Oberoi Group), via his investment arm – Pivet Finance. The cost works out to around Rs.45 crore (36.08 lakh shares @ Rs.124.85 / share), and takes his overall holding to around 2% with this purchase.
