PCJ jumps 20% after clients take F&O positions

Mumbai: Retail traders could expose themselves to huge risk by punting on PC Jeweller stock futures and options, given the huge volatility and addition of two more large clients holding over 3 per cent of market wide position limits recently, analysts said. After the company withdrew its share buyback on July 13, citing the lack […]

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Ajay Singh may not have to dilute stake in airline

NEW DELHI: SpiceJet chairman Ajay Singh may not have to dilute his stake in the airline, as an arbitration tribunal has ruled in its favour in a share purchase dispute with previous promoter Kalanithi Maran. On Friday, the tribunal rejected Maran’s claim of Rs 1,323 crore damages from the company for not issuing convertible warrants […]

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Magnitude 5.9 quake injures nearly 290 in western Iran

A magnitude 5.9 earthquake hit western Iran on Sunday, injuring at least 287 people, hours after two quakes struck Hormozgan province in the south, the official Iranian news agency IRNA reported. Houshang Bazvand, governor of the affected province of Kermanshah, told IRNA that eight of the injured had been hospitalised and the rest were released […]

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NASA to launch car-size spacecraft to study Sun

Washington, July 23 (IANS) US space agency NASA is preparing to launch a probe in August to study the Sun closer than any human-made object ever has, revealing multiple mysteries behind the star. The car-sized spacecraft called Parker Solar Probe is slated to lift off no earlier than August 6 on a United Launch Alliance […]

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Suicide attack at Kabul airport leaves 14 dead, 60 wounded

A suicide bomber killed at least 14 people and wounded 60 at the entrance to Kabul international airport on Sunday, officials said, as scores gathered to welcome home Afghan Vice President Abdul Rashid Dostum from exile. Senior government officials, political leaders and supporters were leaving the airport after greeting the powerful ethnic Uzbek leader and […]

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Kumar Mangalam Birla steers talks to bring home Aleris

MUMBAI: Novelis, the US-based downstream arm of India’s largest aluminium producer Hindalco Industries Ltd, is closing in on a $2.3-2.5 billion acquisition of Aleris Corp. Talks between both sides are gathering momentum after a lull of over six months, said several people with knowledge of the matter. The discussions are now being steered by Aditya […]

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