Market Buzz: 29-02-2012

Market Buzz

  • Bosch reported 30.7% rise in net profit to Rs 1,122.6 crore for 2011
  • Essar Shipping said it has inducted a new vessel in its diversified fleet, as part of $one billion capital expenditure plan
  • LIC has sold about 2% stake in Tata Global Beverages for Rs 161 crore over 19 months starting August 2010.
  • Tata Consultancy Services has bagged a contract from South Africa’s Nedgroup Insurance Company for deploying its financial services platform
  • Govt approves 5% ONGC share sale through auction
  • Orchid Chemicals & Pharmaceuticals said it has redeemed outstanding overseas securities worth $167.64 million (over Rs 820 crore) on the due date
  • Shasun Pharmaceuticals said its board has approved to sell 11.9% stake to US- based healthcare investment firm OrbiMed for Rs 50 crore
  • RBI to meet bankers today on NPAs
  • Forex reserves dip $10.5 bn in Sept: RBI
  • Japan industrial production increased more than forecast, adding to signs that the world’s third-largest economy may return to growth this quarter

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