Spicejet shares surge over 5 per cent on stake sale buzz
Shares of Spicejet on Monday surged over 5 per cent amid reports that two Gulf airlines have approached the company for buying a stake in the domestic firm. Following the buzz, the stock rose by 5.22 per cent to Rs 23.15 on Bombay Stock Exchange (BSE). On the volume front, 29.97 lakh shares of the... read more »
Gold Tumbles to More Than Five-Year Low, China Shares Eke Out Gains
Gold prices tumbled to a more than five-year low Monday, and China shares rose modestly, after authorities’ weekend move to tighten the use of informal lending channels by stock investors. Gold fell 2.3% in a matter of minutes early Monday, after China’s central bank reported on Friday its gold... read more »
With new brand launched, Xolo mulls to invest Rs 100 cr in next 18 months
Xolo, the sub-brand of the Lava International, is mulling to invest Rs 100 cr over next 18 months on development of its proprietary software, Hive, which is built on Google’s Android OS. The smartphone major has said they have invested Rs 100 so far and will invest the same in near future. Xolo... read more »
Lava in talks with states for mfg unit; to invest Rs 250 cr
Domestic handset maker Lava today said it is in discussions with various state governments to set up a new assembly unit that will entail an investment of about Rs 250 crore. Lava has one assembly unit in Noida that has a monthly capacity of making about half a million handsets. “We are in talks... read more »
