NEW DELHI: Shares of IL&FS Transportation Networks surged over 5 per cent in Monday's trade after reports that the company emerged as the lowest bidder for the project to build the Zojila tunnel that will provide all-year connectivity between Srinagar and Leh.Following the development, the stock gained 5.59 per cent to Rs 94.50 on BSE. It opened at Rs 93.75 and touched an intraday high and low of Rs 97.30 and Rs 93.75 respectively, in the first hour of trade.ET reported that the tunnel, to be built at an altitude of 3,528 metres, will provide an alternative to the national highway that connects Srinagar and Leh but remains shut for close to six months due to snow.IL&FS’ bid of Rs 4,849 crore stunned industry executives as it is lower than the reserve price of Rs 5,630 set by the government.The other bidders for the tunnel project are Larsen & Toubro (up 3.61 per cent), Reliance Infrastructure (up 0.63 per cent) and Jaiprakash Ventures (1.47 per cent).Promoters held 73.22 per cent stake in the company as of June 2017.The scrip touched its fresh 52-week high of Rs 124.80 on January 12,2017 and its 52-week low of Rs 65.85 on August 19, 2016.bidder cent FS IL project provide Rs Srinagar trade tunnel
Shares of shed 5% on the BSE even as the public sector lender reported an improvement with the net loss reducing to Rs 132.65 crore in the quarter ended June 30, helped by decline in NPAs and better net interest margin.
So far nearly two lakh shares exchanged hands on the counter on the BSE against its two-week average of 1.3 lakh shares.BSE improvement interest June lakh net quarter rose Rs crore shares
Lloyd's Banking Group's (LYG) stock has lost about 4% of its value since it reported a great quarter last week, simply because of a relatively small (albeit unexpected) increase in PPI provision.
The fundamentals of the bank remain very strong, with several key areas showing signs of strength; which is not just good news for Lloyd's but also for the UK economy as a whole.bank cost income interest Lloyd PPI profit provision quarter stock
Consolidated revenues rose 10% to Rs 23,990 crore on Y-o-Y basis.The stock is trading close to its 52-week high of Rs 1,223, touched on May 30, 2017 in the intra-day trade. With multiple engines to fire, we see as a credible play on investment recovery and maintain BUY with SoTP based target price of Rs 1,331,” analysts at Antique Stock Broking in Q1FY18 results review.“We forecast 12% CAGR in revenues till FY19.capex crore EBITDA inflow margin quarter revenues Rs stock The
Republicans in Congress and the broader Grand Old Party (GOP) are worried that now that President Donald Trump has cut loose former Republican National Committee (RNC) honchos Reince Priebus and Sean Spicer, he could turn his followers against ...broader Congress Donald GOP GRAND party President Republican Trump worried
Domestic indices were trading in greenon Monday with BSE Sensex up 125 points or 0.39 per cent at 32,434.87 while Nifty was trading 30 points or 0.30 per cent higher at 10,044.15.Nifty PSU Bank led the rally by surging 2.10 per cent. On the other hand, Nifty Pharma was down 1.52 per cent with shares of Dr Reddy's Laboratories (down 2.59 per cent) and Sun Pharmaceutical Industries (down 2.36 per cent) dragging the index.Over 39 stocks such as PG Electroplast, Seamec, Gvk Power & Infrastructure, Avadh Sugar & Energy, Eastern Silk and Prakash Industries were among other hit their fresh 52-week high on NSE.Benchmark indices opened on a positive note on Monday amid hopes the RBI may cut the policy rate by 25 basis points in its two-day policy review that will begin on Tuesday.Cues from Asian markets were largely mixed with markets in South Korea and Japan dropping amid flaring up of geopolitical tensions between North Korea and US on latest missile test, Chinese shares rose following a better-than-expected services PMI reading.At 9.30 am, the BSE Sensex was trading 123 points, or 0.38 per cent, higher at 32,433.62.BSE cent indices market Monday Nifty profit Sensex stock trading
As president, Trump set an amazing record setting pace of firing top level officials or having them leave just before being fired. Flynn misled Vice President Mike Pence and other administration officials about the contents of his phone conversations with Sergey Kislyak, Russia’s ambassador to the US.administration chief director fired officials President resigned staff Trump White House
HSBC (5.HK) (HSBA.UK) is poised to launch a GBP1.5 billion ($2 billion) share buyback on Monday as part of a three-year program to run down its stockpile of cash, according to the Sunday Times .
HSBC has built up a stockpile of capital, with $400bn in excess deposits and $140bn in equity, according to analysts.bank buyback capital excess HSBC Monday shareholders shares stockpile year
This is what Anthony Scaramucci really was this past week: After President Donald Trump, he was the most famous face — and voice — in Trump's administration. Scaramucci was Trump's chief coat carrier, his loudest and truest true believer.Anthony believer carrier chief Coat loudest Scaramucci true truest Trump
The Nifty50 at 10,000 is a measure of the progress of Indian economy and the confidence that investors have in its potential. This has reduced historical dependence on foreign investors and the resulting volatility of the market has been reduced.Over the years, the Nifty50 Index has emerged as the most important benchmark to measure the performance of the Indian stock market .domestic economy equity growth India Indian investment investors market years
The owners of D.C. United, Washington’s Major League Soccer team, are quietly weighing a sale of the franchise, people briefed on the discussions said on Sunday.
The potential sale arose from efforts by D.C. United’s majority owners to sell a 35 percent stake once held by the investor Will Chang.Chang League major Mr owner sale stake team United WASHINGTON
Trump's willful misunderstanding of the obligations of an Attorney General reflects a larger flaw in his Presidency and in his character. The Attorney General of the United States supervises all federal ...
By Jeffrey Toobin.Attorney Bachtell General illustration Jeffrey misunderstanding Tom Toobin Trump willful
WALKER COUNTY: Twelve inmates escaped from the Walker County Jail, six have been recaptured on Sunday, per a press release from Walker County Sheriff's Office. Walker County lists the six inmates that are still at large as: Steven Blake Lamb, 28, ...
Walker County lists the six inmates that are still at large as: Steven Blake Lamb, 28, ...Blake County escaped inmates jail Lamb lists Steven twelve Walker