Briefly Business

Sebi settles three cases on Uttam Galva shareholding

Mumbai: The market regulator has settled and passed consent in cases against three companies on payment of a total of Rs 7 lakh for their delay in disclosing details of their shareholding pattern in Uttam Galva Steels Ltd. The cases against the three firms relates to their failure to adhere to Sebis takeover norms.

Punj Lloyd bags Rs 678 cr order from NPCIL

New Delhi: Punj Lloyd Group on Monday said it has bagged an engineering,procurement and construction order worth Rs 678 crore order from Nuclear Power Corporation for piping work at four Pressurised Heavy Water Reactors of the state-run firm.

Sensex ends flat after hitting two-week low

Mumbai: The BSE benchmark Sensex on Monday plunged to its two-week low level on frantic selling on RIL and other blue-chips but closed the day flat,helped by a fag-end buying in select stocks. The 50-share Nifty of the National Stock Exchange also ended down by three points at 5,482.80.

Tata Comm raises stake in S Africas Neotel to 61.5

Mumbai: Tata Communications has increased its effective holding in South Africas Neotel to 61.5 per cent from 49 per cent. Neotel has become a subsidiary of Tata Communications after the stake increase,Tata Communications said in a filing to BSE.

Saint Gobain Sekurit India MD Srinivasan quits

New Delhi: Automotive glass manufacturer Saint Gobain Sekurit India said that Sreeram Srinivasan has resigned as Managing Director and Director of the company with effect from June 11.

Gitanjali Gems buys Italian jewellery firm

New Delhi: Leading jewellery brand Gitanjali Gems said it has acquired Italy-based jewellery firm DIT Group,which owns brands like Stefan Hafner,for 11 million. DIT was under liquidation process with Civil Court of Alessandria in Italy.

Wipro IT biz CFO Manish Dugar to head BPO ops

New Delhi: In yet another management rejig,the country8217;s third largest software exporter Wipro has elevated current CFO IT Business Manish Dugar to take over as the head of BPO operations. Dugar takes over as Senior Vice President and Global Head of Wipro BPO from Ashutosh Vaidya.

Unsatisfied telecom subscribers at 85.41 lakh

New Delhi: Close to one per cent of the country8217;s total telecom users have indicated dissatisfaction from their telecom service provider as a TRAI report shows that 85.41 lakh customers have requested for mobile number portability service till April-end.

Facebook looking at IPO in first quarter

New York: Facebook is preparing to file for an initial public offering as early as October or November that could value the popular social networking site at more than 100 billion,news channel CNBC reported on Monday.