Titan at new high; Morgan Stanley upgrades on Tanishq blink
Shares of Titan Company touched record high at Rs 369 per share, up 6.5 percent intraday Thursday, riding high on Morgan Stanley’s bullishness. The brokerage has upgraded the stock to overweight with an upgraded target of Rs 420 per share, betting on the strength of the Tanishq brand and its... read more »
SAIL-Tata Steel JV seeks to buy overseas coal assets
KOLKATA: Less than three weeks after acquiring a large coal property in Mozambique, Steel Authority of India Ltd is looking for more. Together with Tata Steel Ltd, the state-run company is scouting for fresh acquisition of overseas coal assets to ensure continuous supply of coking coal, a key raw... read more »
SpiceJet Surpasses Jet To Become Number Two
Riding on a slew of discount offers, low-cost carrier SpiceJet surpassed Jet Airways to become the second-largest domestic airline in July. Its market share in the month stood at 20.9% as compared to the Jet Airways-JetLite combine’s 19.6%.The market share of IndiGo declined marginally to... read more »
Coalgate: CBI to file closure in Hindalco case, say sources
The Central Bureau of Investigation is set to file a closure report in the Hindalco case in the coal allocation scam. CBI sources say that Kumar Mangalam Birla and former coal secretary PC Parakh will be given a clean chit. Sources say that there is no prosecutable evidence found in the... read more »
