Sebi takeover code to be notified this week
New Delhi: The finance ministry is expected to notify the second amendment to the Securities and Exchange Board of Indias Substantial Acquisition of Shares and Takeover Regulations (1997) during this week.
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Promoters fasten grip on India Inc.
It's consolidation time for Corporate India. Promoters across industries are increasing their controlling stake. And if multinationals are raising promoter's holding to further their delisting agenda, Indian companies are doing it to strengthen the promoter's grip on the companies.
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Selloff blues: PSUs slip up to 20%
Mumbai: PSU stocks have taken a beating in the market as squabbling within the BJP-led government intensifies over the issue of disinvestment. Stocks of all major public sector companies have fallen 5-20 per cent during the fortnight.
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Sector funds diverse, yet risky
Mumbai: Sector funds have been here for quite some time. Still the market's confusion with them remains unchanged. For one thing, funds that are dedicated to pharma, FMCG or MNC stocks have not done well in terms of overall returs and investors who have stayed with them since inception are generally not happy.
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Premium drops in ICICI Bank counter
Both the US and Indian bourses ended last week on a weak note compared with the previous week. Even the Friday rally was not enough for the US markets to end in positive zone. The S&P-500 fell 2.4 per cent in the four-day trading week, the Dow Jones Industrial Average 2.7 per cent and the Nasdaq Composite Index 1.5 per cent.
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Dollar shorts get nervous
Mumbai: A pretty nervous week for the rupee as it dropped by over 14 paise during last week from its low of 48.44. The price movement once again highlights the fact that the market is overly short of dollars.
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