Apollo shares jump on renegotiation of $2.5bn Cooper deal reports

apollo tyreExtending its Monday's 5 per cent rally, Apollo Tyres stock enjoyed another considerable gain in morning trade on Tuesday, on reports that the Indian tyre-maker is looking to renegotiate the terms of $2.5-billion Cooper Tire & Rubber Co acquisition deal.

The Indian tyre-maker recently said that the proposed deal to acquire the American tyre-maker might burden it with huge, unanticipated costs well beyond those it was obligated to bear under the original merger agreement. It also claimed that Cooper had acknowledged to it that some price decrease was warranted.

DoT reportedly lowers one-time charge on telecom operators

Department of TelecommunicationsThe Department of Telecommunications (DoT) has finally agreed to lower the one-time charge that it had imposed on nine telecom operators whose permits were quashed by the Supreme Court of India in February last year, according to emerging media reports.

Citing anonymous sources from the DoT, some media reports suggest that the DoT has agreed to lower the charge from Rs 2,764.29 crore that it had originally demanded the telecom operators to pay to Rs 1,989.18 crore.

Sensex gains 125 points in pre-noon trade

Sensex gains 125 points in pre-noon tradeMumbai, Oct 8 - A benchmark index of Indian equities markets gained 125.22 points or 0.63 percent in the pre-noon trade Tuesday.

Good buying was seen in capital goods, banking index (bankex) and auto sectors while selling pressure was seen in the metals sector.

The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE), which opened at 20,094.21 points, was trading at 20,020.32 points in the pre-noon session, up 125.22 points or 0.63 percent from previous day's close at 19,895.10 points.

Commodity Trading Tips for Mustard by KediaCommodity

MustardseedMustard yesterday settled up 0.34% at 3554 tracking

Commodity Trading Tips for Maize by KediaCommodity

MazieMaize yesterday settled down -2.23% at 1229 due to fresh supplies of m

Commodity Trading Tips for Crude palm oil by KediaCommodity

Crude Palm oilCPO yesterday settled up 0.35% at 515 trac

Pages

News in Focus

2025 Audi Q6 E-Tron boasts PlugShare, video games, OTA updates & much more

The much-anticipated 2025 Audi Q6 E-Tron SUV is poised to revolutionize diving experience, thanks to its cutting-edge technology and state-of-the-art features.

Udne Ki Aasha Written Update for 27th March 2024 Episode: Paresh supports Sayali strongly

Udne Ki Aasha Written Update for 27th March 2024 Episode: Let us see if Paresh and continue with his strong support for Sayali as Renuka is opposing the move. Sachin comes to Paresh's support.

Anupama Written Update for 27th March 2024 Episode: Holi Special, Vanraj Pushes Titu but Anupama Saves the Situation

Anupama Written Update for 27th March 2024 Episode: Holi is the theme for the current episode with Titu trying to apply color on Dimpy but Vanraj intervenes.

Kaise Mujhe Tum Mil Gaye Written Update for 27th March 2024 Episode: Amrita is concerned about her job

Kaise Mujhe Tum Mil Gaye Written Update in a highly emotional episode where Amrita is concerned about her job and faces tough times and Mr. Ahluwalia clarifies his stand on Virat's family.

Teri Meri Doriyaan Written Update for 27th March 2024 Episode: Sahiba and Akeer’s Gripping Emotional Issues

Teri Meri Doriyaan Written Update in a highly emotional episode where Sahiba is confused if she is being too harsh on her son Akeer while Daljeet supports her and tells that what they are doing is

Yeh Rishta Kya Kehlata Hai Written Update for 27th March 2024 Episode

Yeh Rishta Kya Kehlata Hai 27th March 2024 Episode starts with a melodious song by Abhira. Written Episode, Written Update