Business Responsibility Reports Must for Top 500 Listed Firms: Sebi

New Delhi: To ensure better compliance with corporate governance norms, the Securities and Exchange Board of India (Sebi) has notified new rules making it mandatory for top 500 listed companies to prepare annual business responsibility reports, covering their activities related to environment and stakeholder relationships. Currently, the business...
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Kalpataru Power Gets Orders Worth Rs 1,395 Crore, Shares Slip

Kalpataru Power Transmission on Wednesday said that it received orders worth Rs 1,395 crore from various state governments. Kalpataru Power informed the stock exchanges that it received an order from Tamil Nadu Power Corporation for turnkey transmission line worth approximately Rs 770 crore. The company also received orders...
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Pipavav Defence Shares Surge 20% to Hit 52-Week High

Shares of shipbuilding firm Pipavav Defence and Offshore Engineering surged 20 per cent to a 52-week high of Rs 100.25 on reports it is likely to sign a Rs 66,000 crore deal with Russia. The Bombay Stock Exchange has sought a clarification from Pipavav Defence on the report....
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Boeing, Lockheed Face Budget Battles Amid ISIS War

Raytheon and Lockheed Martin are two of of the biggest winners in the fight against the Islamic State as defense spending rises, but next year could still see budget pressure on some costly programs. The Air Force has dropped over 20,000 missiles and bombs in its fight against...
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Pandora Price Target Cut On Rising Royalties, Costs

Pandora Media (NYSE:P) stock fell Thursday after the leading online music company got a price target cut from Macquarie, which cited rising royalties and other costs for the Oakland, Calif-based company. Pandora stock fell 2% in the shortened session in the stock market today, under 14. Pandora stock...
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Under Armour and Nike’s Big Christmas Day Battle

Nike (NYSE:NKE) and Under Armour (NYSE:UA) are bound to be gift-wrapped under some Christmas trees on Friday morning as athletic wear continues to hold sway in the style world. But the two brands will also go head-to-head on the court on Christmas Day at 5 p.m. ET/2 p.m....
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Solar Outlook Cut Worries As SunEdison Zooms On Talks

Shares of solar energy system developer and installer SunEdison (NYSE:SUNE) jumped nearly 10% in Thursday’s shortened session after the company disclosed that it’s in talks for a substantial credit line as it powers ahead with an acquisition. But that rise overlooks lowered installations guidance for the fourth quarter,...
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Disney, Netflix, Palo Alto Lead Week’s Insider Trades

In the days leading up to Christmas, top execs from Walt Disney (NYSE:DIS), Netflix (NASDAQ:NFLX), Skyworks Solutions (NASDAQ:SWKS), Palo Alto Networks (NYSE:PANW), Oracle (NYSE:ORCL) and Delta Air Lines (NYSE:DAL) made notable trades. • Delta Air Lines CFO Paul Jacobson on Thursday filed a form with the SEC disclosing...
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