LIVE MARKET TRACKER :   BSE SENSEX   27241.78      |    NSE NIFTY 8200.70    
GLOBAL MARKETS :  NASDAQ 4798.676   +0.53%    |    FSI London 6609.93   +0.18%    |    NIKKEI Japan 17818.961   +0.06%
  USD GBP EUR CAD AUD INR
USD - 0.6431 0.8213 1.1618 1.2329 63.939
GBP 1.5552 - 1.2774 1.8069 1.9174 99.4398
EUR 1.2176 0.783 - 1.4146 1.5012 77.8521
CAD 0.8609 0.5536 0.7071 - 1.0614 55.0439
AUD 0.8116 0.5219 0.6666 0.9429 - 51.8929
INR 0.0158 0.0101 0.0129 0.0183 0.0194 -
Indian-Commodity  :  Corporate  :  Exide Industries to acquire remaining 50% stake in IVL

Exide Industries to acquire remaining 50% stake in IVL (23-Jan-2013)

Exide Industries (EIL), which currently owns 50% of the equity capital of ING Vysya Life Insurance Company (IVL), has in-principle decided to acquire the remaining 50% of the equity capital of IVL (26% from ING Group, 16.32% from the Hemendra Kothari Group and 7.68% from the Enam Group) for an aggregate consideration of Rs 550 crore approximately, subject to regulatory approvals.

Further, post such acquisition, the company has in-principle decided to identify and induct a new international player in the life insurance genre to infuse fresh equity into IVL (subject to regulatory approvals) for IVL's expansion plans.

Exide Industries manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,400 Ah capacities, covering the broadest spectrum of applications. EIL is India's largest producer of automotive and industrial batteries, with seven manufacturing plants strategically located across the country. Exide Industries has been a shareholder of ING Vysya Life Insurance since 2005.


Top News Today
RBI Governor emphasizes on better banking practices
(26-Nov-2014)

RBI Governor emphasizes on better banking practicesAmid the rising clamour from industry for rate cuts and signs of slow economic growth in September quarter that may compel Finance Ministry Arun Jaitley too, to argue Reserve Bank of India (RBI) Governor......click on news to read complete article.

GMR Infrastructure , FTIL and SAIL to see some action today
(26-Nov-2014)

GMR Infrastructure , FTIL and SAIL to see some action todayGMR Infrastructure (GIL) has emerged as lowest bidder in international competitive bidding for two packages of Eastern Dedicated Freight Corridor project involving construction of 417 km long double track......click on news to read complete article.

Telecom, IT and broadcast soon to see a new super-regulator
(25-Nov-2014)

Telecom, IT and broadcast soon to see a new super-regulatorA new super-regulator governing telecom, information technology and broadcast is on the anvil, as the Centre has finalised the broad outline for appointing a new super-regulator governing these sectors.......click on news to read complete article.

International Stock News
US markets end mostly in red on mixed economic data
(26-Nov-2014)

US markets end mostly in red on mixed economic dataThe US markets ended mostly in red on Tuesday on getting a mixed set of economic data, while the US third quarter GDP showed an unexpected growth, the consumer confidence declined in the month of November.......click on news to read complete article.

US markets move higher in a range bound trade
(25-Nov-2014)

US markets move higher in a range bound tradeThe US markets extending their gains ended modestly higher on Monday, though the trade remained tight ranged and some traders on the sidelines, lacking any major economic data. But the mood was jubilant......click on news to read complete article.

US markets closed higher as Europe, China fuel optimism
(22-Nov-2014)

US markets closed higher as Europe, China fuel optimismThe US markets closed higher on Thursday, as optimism in the global economy grew after central banks in China and Europe signaled additional stimulus measures. The initial strength on Wall Street came......click on news to read complete article.

 

     
  
Recent Corporate News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.