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 Mercedes sales decline over 10%, but the company expects double-digit growth this year. - BMW says 8,800 workers will face shorter hours in January - Gloom spreads on Teesside as hope on Tata fizzles - Mercedes sales dwindle in Punjab - Merc may lose top spot to BMW in India - Merc E-class eyes top slot in city again - Sales of luxury cars robust in Gujarat on Dussehra BMW India has overtaken Mercedes Benz India as the Number One luxury car major by sales in the domestic market. For the 12-month period ended December, BMW sold 3,619 units of luxury cars, while the Pune-based Mercedes Benz sold 3,247 units. This is the first time that BMW, which began operations here in 2005, has overtaken its German automobile counterpart, Mercedes Benz, which has been selling cars in the country since the 1950s.
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As the takeover battle between Bharati Shipyard and ABG Shipyard for Great Offshore heats up, analysts feel it is the right time for retail investors to book profits, as the fundamentals of the target firm’s stock do not support sustainability of its current price. Ever since the bidding war between Bharati and ABG started in June, Great Offshore’s stock has jumped significantly. - Current stock price of Great Offshore unsustainable: Analysts - ABG Shipyard gears up to match Bharati"s open offer - Bharati expects nod for Great Offshore open offer soon - Bharati Shipyard mulls Rs 200-cr capex over two years - Sebi may ok Bharati"s offer for Great Offshore in 10 days - No offer received from Bharati Shipyard, ABG: Great Offshore While its stock price was Rs 247.95 on April 1, on June 1 it touched Rs 373.70 and closed at Rs 560.55 on October 1. “The current price is not a true reflection of the fundamentals of the stock. The prices are skyrocketing because of the hostile takeover issue. Prices are not justified at this level,” Ashina Stock Brokers Research Head Paras Bothra told PTI.
Securities and Exchange Board of India (Sebi) is in the process of examining whether registered portfolio managers invest in instruments other than listed securities, an official of the agency said. - SAT sets aside insider trading charge against Pendse, wife - Investment through PNs rising again - FIIs net sell Rs 459cr, DIIs net buy Rs 117cr - India-EU FTA will lead to new wave of investments - Pepsico to set up 4 new plants in India for estimated Rs 700cr - Bharati, ABG get Sebi nod for open offer "We are looking at other instruments like exchange traded derivatives for investments by portfolio managers," Sebi executive director R K Nair said. The regulator has laid down various norms for portfolio managers to protect investor"s interest. Sebi is looking at other structured products besides listed securities, Nair said at a seminar on Portfolio Management Services organised by Indian Chamber of Commerce here today.
As the takeover battle between Bharati Shipyard and ABG Shipyard for Great Offshore heats up, analysts feel it is the right time for retail investors to book profits as the fundamentals of the target firm"s stock do not support sustainability of its current price. - ABG Shipyard gears up to match Bharati"s open offer - Bharati expects nod for Great Offshore open offer soon - Bharati Shipyard mulls Rs 200-cr capex over two years - Sebi may ok Bharati"s offer for Great Offshore in 10 days - No offer received from Bharati Shipyard, ABG: Great Offshore - ABG to counter Bharati"s bid for Great Offshore Ever since the bidding war between Bharati and ABG started in June, Great Offshore"s stock has jumped significantly. While its stock price was Rs 247.95 on April 1, on June 1 it touched Rs 373.70 and closed at Rs 560.55 on October 1. "The current price is not a true reflection of the fundamentals of the stock.