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RCom tanks over 48% as firm approaches bankruptcy court

Monday, February 4, 2019, 5:03 PM

Anil Ambani-controlled Reliance Communications (RCom) shares were down nearly 50% on Monday after the company decided to go for insolvency proceedings through NCLT following its failure to sell assets for paying back its lenders. RCom's per share price hit an intraday low of Rs 6 on the Bombay Stock Exchange. RCom has a debt of around Rs 46,000 crore on its books.
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Intel shares fall after downgrade: 'It takes forever to turn the ship'

Tuesday, December 4, 2018, 7:53 PM

Northland Capital Markets lowered its rating on Intel stock on Tuesday to underperform from hold, saying the chipmaker's weakened demand will hold back growth. "Intel maneuvers like a battle ship," Northland analyst Gus Richard said in a note to clients. "It takes forever to turn the ship and even longer to change momentum." Intel shares slipped 1.4 percent in premarket trading.
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Jet Airways shares surge on report of Naresh Goyal's exit

Wednesday, November 28, 2018, 5:33 PM

Shares of India's Jet Airways (India) Ltd rose sharply on Wednesday following a report that founder Naresh Goyal has agreed to sell his controlling stake and give up operational control of the struggling carrier. Jet Airways shares rose 5.20% to Rs.308.80 apiece on the BSE even as the benchmark Sensex gained 0.57% to end the day at 35,716.95 points.

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