NTPC: BUY STOP LOSS: Rs 138 TARGET: Rs 149 The stock has made a classical head & shoulder pattern on weekly chart and crossed its neckline hurdle of Rs 140 zones. It has been moving upwards from last four weeks...
Raheja Corp buys 30 acres from Cabot for Rs 210 cr
In one of the biggest land deals in the Mumbai Metropolitan Region (MMR) this year, real estate developer K Raheja Corp has bought 30 acres in the Ghansoli area of Navi Mumbai for Rs 210 crore or Rs 7 crore an acre...
Tree House Education to merge with Zee Learn
Pre-school chain Tree House Education & Accessories has said it would merge with Zee Learn. In a statement to the stock exchanges, the two entities said since they are both engaged in pre-school activities, they...
RCom, Aircel in talks to merge wireless biz
Reliance Communications on Tuesday said it had entered into a 90-day non-binding exclusivity period with Maxis Communications Berhad and Sindya Securities and Investments, shareholders of Aircel, to consider potential...
Hypermarket chain Spencer’s Retail acquires ecommerce startup MeraGrocer to foray into online sales
KOLKATA: Hypermarket chain Spencer’s Retail has acquired ecommerce startup meragrocer.com to foray into online sales, signalling consolidation in India’s retail landscape and mirroring a trend in developed...
Bridgepoint Agrees to Buy 3i’s Element Materials Technology
Bridgepoint agreed to buy Element Materials Technology from 3i Group Plc, Britain’s oldest private-equity firm, and plans to grow the business further with acquisitions over the next five years. Element, which...
Hypermarket chain Spencer’s Retail acquires ecommerce startup MeraGrocer to foray into online sales
KOLKATA: Hypermarket chain Spencer’s Retail has acquired ecommerce startup meragrocer.com to foray into online sales, signalling consolidation in India’s retail landscape and mirroring a trend in developed...
France eases telecom merger stance as Bouygues back in play
France’s Economy Minister said he did not oppose in principle a consolidation of the country’s telecoms sector to three operators from four, as state-controlled telecoms group Orange (ORAN.PA) started talks...
Reliance Jio may look to buy smaller telecom companies for more wavelength
MUMBAI: Reliance Jio Infocomm, which is set to start 4G services later this month, will look to acquire smaller telecom companies to gain market share and compete with incumbents, a senior executive said, signalling a...
Dow Chemical and DuPont in merger talks: sources
Dow Chemical Co (DOW.N) and DuPont (DD.N) are in talks to merge, creating a chemicals giant with a market value of more than $120 billion that could then break up into different businesses, people familiar with the...
Softbank, Alibaba form global alliance to take on Uber
Ola, India’s largest app-based taxi aggregator, has gone global, partnering with China’s Didi Kuaidi, US-based Lyft and southeast Asian GrabTaxi to offer seamless access to cabs on their apps in these countries. The...
Buy Bajaj Corp, Lupin, LIC Housing: Anand Rathi
LIC HOUSING FINANCE: BUY TARGET: Rs 492 STOP LOOSS: 459 The stock has recently taken multiple support at around Rs 453-456 zones and moving upwards after a consolidation of last 10 trading sessions. It has managed to...