The bets are risky because in case of any hitch in the negotiations, these could backfire, causing them potentially unlimited losses.
The excitement is fuelled by govt's October 2014 decision to deregulate retail prices of diesel, the largest consumed liquid fuel in the country.
Tata Chemicals mulls selling fertiliser business for $1 billion; asks Kotak Mahindra to scout for strategic buyers
Tata Group Chairman Cyrus Mistry has initiated a plan to and sell the fertiliser business in his first major restructuring move after becoming chairman in 2012.
Jain Irrigation scrip gained 2.4% today to close at Rs 68.8 as it announced inauguration of a new Food Processing unit at Jalgaon.
Shares of Reliance Industries rose 5% on Thursday soon after a media news portal reported that the company has bagged a pan-India multi-system operator (MSO) licence to provide cable TV services to households.
The company aims to launch the commercial operations of its telecom business in December 2015.
Vedanta may be considering merger of its mines and minerals business and oil exploration business under Cairn India, in which it already owns 59.9 per cent.
The RIL scrip follows an almost predictable path around its AGM -the only time when its chairman Mukesh Ambani, the richest Indian, meets its shareholders with announcements for future growth.
ETIG’s analysis shows aggregate net profit of 1,522 companies plunged 59% from the year ago to Rs 23,245 crore.
The company posted consolidated net loss of Rs 74.2 crore after writing off Rs 198 crore towards permanent reduction in value of its assets.
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