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Govt sells Axis Bank stake for over $900 mln, say sources

The government had appointed Citigroup Inc, JPMorgan Chase & Co and India's JM Financial Ltd to manage the stake sale in Axis Bank.  The government has raised more than $900 million by selling......

3 banks to help govt sell Axis shares

India has chosen JPMorgan Chase & Co, Citigroup Inc and JM Financial Ltd to help sell half of the government's stake in Axis BankLtd valued at $925 million, said three people involved in the......

Sebi plans rules for foreign brokers

Will mull bringing under own ambit all financial products from abroad sought to be sold to Indians. The Securities and Exchange Board of India (Sebi) will introduce rules for wealth management and......

MF assets plunge by Rs 58,000 cr in March

India's mutual fund industry, led by market leaders Reliance Mutual Fund, ICICI Prudential and UTI MF, has witnessed a fall of over Rs 58,000 crore (Rs 580 billion) in its assets during......

Banking, finance rule the roost

While the older Indian Institutes of Management have just kicked-off their final placements, the younger ones are putting up a good show. Though the banking and financial services sector has been......
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Here's what the global commodity crash means for you

Commodities have been witnessing a near catastrophic fall for quite some time now. The slide that began in 2008 has remained largely unchecked,... ...
What should investors do?

After a 4-year-long rally, pharma stocks have not witnessed much movement the last 6 months. Experts say investors should be cautious. "The sector... ...
Dr Reddy's, RIL, SKS Microfinance andmore

By | The Financial Express The BSE Sensex was trading firm in morning trade on Friday following increased buying by investors as the December... ...
Coal India, Leyland, Videocon, Rel Infra

Ashok Leyland Co wins contract for 3600 vehicles worth $200 mln Co wins order from govt of Ivory Coast Contract funded by EXIM bank Videocon... ...
No signs of good days for small- and mid-sized firms

An analysis of firms with revenue below Rs.500 crore shows net sales growth continued to decline, down 5.5% at the end of the September quarter,... ...

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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