In Tuesday's offer for sale (OFS), the government is selling over 32.98 crore shares to institutional buyers. It could be the second biggest OFS so far after 10 per cent stake sale in Coal India OFS fetched the Centre Rs 22,557.63 crore in FY15. Seven more PSUs lined up including Indian Oil, PFC and NHPC, which could fetch it another Rs 24,000 crore. The sale of 5 per cent stake would fetch the government around Rs 7,000 crore. This includes Rs 46,500 crore from minority stake sale, Rs 15,000 crore from strategic disinvestment and Rs 11,000 crore from the listing of PSU insurance companies.various frequency bands. Though the target is stiff, the Centre could reach the high disinvestment target via its proposed 51.11 per cent stake sale in HPCL to ONGC for about Rs 30,000 crore, a planned new diversified exchange traded fund and IPOs in almost ten PSUs. If that option is exercised, NTPC will raise Rs 14,000 crore. This year the government plans to raise Rs 72,500 crore through divestment. The company would also declare the final dividend for FY17 on that day. The government had revised its divestment target on February 1, 2017 to Rs 45,500 crore. NTPC's total income rose y-o-y to Rs 20,541.9 crore in Q1 of FY18.
Last month, NTPC reported a 12 per cent rise in its standalone net profit for the first quarter of 2017-18, at Rs 2,618.17 crore, up from Rs 2,338.61 crore during the corresponding period in 2016-17. In the base offer to sell a 5 percent stake, it will sell up to 412.27 million shares and an equal number of shares as part of the oversubscription option, according to a regulatory filing.
The technology retailer reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.20. Meag Munich Ergo Kapitalanlagegesellschaft Mbh stated it has 1.01% of its portfolio in Best Buy Co Inc (NYSE: BBY ).
Animals may have got separated from their owners or may have simply been left behind as people rushed to evacuate the area. Along with the man power, Red Cross is also transporting meals, blankets and toiletries to Harvey's victims.
World number two and 2012 champion Andy Murray has withdrawn from the US Open , which is due to start in two days time. If it means that I can play before the end of the year, then that's what I would love to do.
Tyson Charles E sold $2.91 million worth of Advance Auto Parts, Inc. (NYSE:AAP). 5,030 were reported by Legacy Private. Another trade for 1,200 shares valued at $161,364 was bought by Buss Brad W. $49,648 worth of Advance Auto Parts, Inc.
The Ombudsman on Tuesday announced its own probe on the boy's slay, an incident that has also prompted a Senate inquiry. NBI is the National Bureau of Investigation while the DOJ is the Department of Justice .
Koeman has built an impressive squad at Goodison Park, but they are unlikely to challenge for the Premier League title. Someone that's going to kick and bully the centre backs. " Everton have got the money".
Toronto Dominion Bank accumulated 0.37% or 1.09M shares. 129,999 were accumulated by Oakbrook Invests Ltd Liability Company. The stock witnessed -0.08% declines, 3.64% gains and 7.8% gains for the 1-month, 3-month and 6-month period, respectively.
Numeric Limited Liability Company reported 0.12% in Exxon Mobil Corporation (NYSE:XOM). 27,128 were reported by Willingdon Wealth. Their average price target spell out an upbeat performance - a 9% and would give XOM a market capitalization of almost $354.54B.
The S&P 500 posted 49 new 52-week highs and 10 new lows; the Nasdaq Composite recorded 98 new highs and 85 new lows. The uncertainty pushed investors toward safe-haven assets, with gold rising to its highest in almost 10 months.
Inc. now owns 19,627 shares of the company's stock worth $1,279,000 after buying an additional 377 shares during the period. Following the transaction, the insider now owns 187,625 shares of the company's stock, valued at approximately $13,133,750.
MA murder suspect arrested in Rhode Island
A MA murder suspect who was arrested in North Providence could be extradited to the Bay State as early as Tuesday. Officials said Fernandez was a long-time girlfriend of Lopes' late father, Daniel Lopes Sr., who died in 2003.
Galaxy J7 (2016) Nougat update now rolling out
Users in Russian Federation have spotted the update, however, only few of the users have received the update yet. Check for the availability of the new firmware by going to Settings About Phone System Updates Check for Update.
Active Stock Momentum: Starbucks Corporation (SBUX)
Currently, 637.53 million total shares are owned by the public and among those 637.53 million shares have been available to trade. It increased, as 76 investors sold KR shares while 273 reduced holdings. 123 funds opened positions while 723 raised stakes.
Mourinho lauds United as confidence grows
United wasn't even subdued by Romelu Lukaku's penalty being saved early in the second half by Kasper Schmeichel. The blue wall was very well organised and I always give credit to that, but we kept calm and kept control.
Bristol-Myers Squibb Co (BMY) Sees RCI Nearing Key Levels
The stock of Bristol-Myers Squibb Co (NYSE:BMY) has "Sell" rating given on Wednesday, August 16 by BMO Capital Markets. The stock of Bristol-Myers Squibb Co (NYSE:BMY) has "Underweight" rating given on Monday, August 24 by Piper Jaffray.
North Korea test fires missile which flew over Japan
Government's J-Alert system sends out text messages and warnings over the loud speaker, as missile flies over head. The test appeared to have been of a recently developed intermediate-range Hwasong-12 missile , experts said .
Rite Aid Corporation (RAD) Short Interest Update
Moreover, Falcon Point Capital Limited Liability has 1.38% invested in Inventure Foods Inc (NASDAQ:SNAK) for 1.04 million shares. G2 Investment Partners Management Llc sold 66,985 shares as the company's stock declined 22.08% while stock markets rallied.
Domino's Self-Driving Delivery Quest Rolls On With Ford Test
In this Ford-Domino's test run - the autonomous cars will stop outside the customer's home, so there won't be a knock on the door. "While it's pizza delivery today, my hope is that collaborations such as this will enable even more innovations tomorrow".
(NYSE:FCX) and American Airlines Group Inc. (NASDAQ:AAL)
So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road. The Ladenburg Thalmann Financial Services Inc holds 69,001 shares with $3.22 million value, down from 102,838 last quarter.