On Friday a division bench of the Bombay High Court upheld the validity of ROFRs.
At 14:06 hours IST, the benchmark Sensex was trading with more than 300 points gains led by bullish trend across all the sectors. Even the global cues were quite supportive, especially post US jobs report announced on Friday.
India should move toward capital account convertibility on a calibrated basis, Duvvuri Subbarao, governor of the Reserve Bank of India (RBI), said on Friday.
Indian retailer Trent, controlled by the diversified Tata Group, said on Friday that Reliance Capital Trustee, part of the Anil Dhirubhai Ambani group, had acquired 8.68% of an allotment of convertible preferred shares in the firm.
HOUSTON (Reuters) – BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.
WILMINGTON, Del./SAN FRANCISCO (Reuters) – Hipster brand American Apparel Inc is in talks to bring in an outside restructuring firm as the manufacturer and retailer struggles to fix its flagging operations, sources told Reuters on Friday.
NEW YORK (Reuters) – Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
NEW YORK (Reuters) – A federal judge on Friday dismissed part of a criminal case accusing a former Goldman Sachs Group Inc computer programer of stealing proprietary computer code from the bank’s lucrative high-frequency trading platform.
LOS ANGELES (Reuters) – Actor Chris Klein, who starred in the “American Pie” movies, pleaded no contest to drunken driving and will serve four years probation stemming from his arrest in June, court officials said on Friday.
Indian nonferrous metals firm Hindalco Industries plans capital expenditures of Rs 10000 crore (USD 2.1 billion) in the current financial year to March 2011, its chairman said on Friday.