Ashok Leyland rated ‘Buy’ by Motilal Oswal

Ashok Leyland’s board has approved the merger of Hinduja Foundries Ltd (HFL), the group company supplying cylinder blocks and heads to AL. The merger would result in 2.8% dilution and increase the promoters stake to 51.3%. The swap ratio implies discount of 38% to HFL’s closing price of R54.5 on 14/Sep/16. Though the materiality of this deal might be low, it deviates from the management’s stated objective of streamlining AL’s balance sheet. Read More

Future Group may acquire retail biz of Heritage Foods

Future Group may acquire retail biz of Heritage Foods or Future Group in talks to buy Heritage Foods’ retail division

Kishore Biyani-led Future Group is in advanced discussions to acquire the retail business of Hyderabad-based Heritage Foods Ltd, in what would be the retail major’s second big acquisition in southern India in two years. Read More

Cauvery agitation: 42 buses, which burn arrested

Cauvery agitation: 42 buses, which burn arrested-कावेरी आंदोलन: 42 बसें फूंकने वाली गिरफ्तार

कावेरी विवाद के दौरान 42 बसें जलाने वाली 22 साल की लड़की को
	बेंगलूरु पुलिस ने सीसीटीवी फुटेज के आधार पर गिरफ्तार कर लिया है Read More

Chennai: Drunk student rams Porsche into 12 autorickshaws, kills 1

Chennai: A drunk student drove a Porsche into 12 parked autorickshaws at Dr Radhakrishnan Salai in Chennai on Monday morning, killing one and injuring 11.

According to reports, police said that V Vikas, a resident of T Nagar, and his friend, who is said to be a former Indian cricketer's brother, were returning home after attending a party thrown by team Tuti Patriot, who won the Tamil Nadu Premier League final held at Chepauk on Sunday night. Read More

Priyanka Chopra sashays down the Emmys red carpet in stunning red gown

Actor Priyanka Chopra, who is gearing up for the second season of her hit American TV series Quantico, made a grand appearance on the Emmys red carpet at the 68th Primetime Emmy Awards in Los Angeles, California (US). Read More

Mehbooba Mufti Sayeed‬, ‪Uri, Jammu and Kashmir‬, ‪Jammu and Kashmir‬‬

उरी हमले का मकसद 'युद्ध जैसे हालात बनाना' : जम्मू-कश्मीर की सीएम महबूबा मुफ्ती

श्रीनगर: जम्मू एवं कश्मीर की मुख्यमंत्री महबूबा मुफ्ती ने कहा कि उरी स्थित सैन्य शिविर पर हमले का मकसद क्षेत्र में युद्ध जैसे हालात पैदा करना है. इस हमले में 17 सैनिक शहीद हो गए. महबूबा ने अपने फेसबुक पेज पर जारी एक बयान में कहा, 'हमले का मकसद क्षेत्र में ताजा हिंसा भड़काना और युद्ध जैसे हालात बनाना था.'

उन्होंने कहा कि हिंसा को प्रायोजित करने वालों और मदद करने वालों को उनकी हरकतों की निरर्थकता समझ लेनी चाहिए, क्योंकि इससे लोगों के लिए समस्या पैदा होने के अलावा और कुछ हासिल नहीं होगा. Read More

ICICI Pru's Rs 6,000 cr IPO, first by an insurer in India, to hit market today

ICICI Prudential Life Insurance's IPO, worth up to Rs 6,057 crore and biggest for Indian markets in about six years, will hit the capital market today.

The first public offer by an insurer in Indian market would open for bidding on September 19 and is scheduled to close on September 21, during which the stock would be offered in a price band of Rs 300-334 per share. Read More