Stock Exchange Updates

Companies distributing power in Maharashtra are in a fix. The Maharashtra Electricity Regulatory Commission (MERC) has stipulated that 6% of total power procurement by distributors to be renewable power. But companies are unable to meet these targets because of a supply crunch.

The Centre has decided to restructure the public distribution system (PDS) to include more families into the below poverty line (BPL) bracket, reports CNBCTV18.

Cibil is finally responding to the many complaints by borrowers that its credit information system is faulty. The credit bureau is working on a new system where in borrowers can flag off errors in their credit history and require a written explanation or correction from the banks, reports CNBCTV18’s Vidhi Godiawala.

Future Supply Chain Solutions, the logistics arms of Future Group, is now establishing its own FMCG distribution network for modern trade, reports CNBCTV18.

The day was a rangebound one, nothing wrong with that. We have had a terrific pullback from 5350. So today the market spent time consolidating and digesting those gains.

The implementation of the Direc Tax Code may have an impact on Indian IT companies. Analysts say IT firms with maximum special economic zone (SEZ) exposure will see the largest impact, reports CNBCTV18’s Kritika Saxena.

The Bombay Stock Exchange (BSE) is in talks to acquire majority stake in computer age management services (CAMS), reports CNBCTV18 quoting sources.

Mahindra and Mahindra, India\'s top utility vehicles and tractors maker, has reported a 29% jump in its August vehicle sales. Its domestic sales for August stood at 27,200 units.

Textiles firm Nakoda Ltd said on Thursday it plans to invest Rs 32.92 crore to set up a wind power project in Madhya Pradesh.

New claims for US unemployment benefits fell last week, but were still too high to signal a change in fortune for the troubled labour market.