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Why Apollo Global is lending to stressed cos in India
The year 2013 was a dream run for US-based Apollo Global Management. The fund made a killing when it sold its stake in chemical firm LyondellBasell – earning close to a billion dollars for......
Pledged shares haunt promoters
Pradeep Jain, chairman of Delhi-based Parsvnath Developers, must be a worried man. Share prices of his firm have halved in the past five sessions, wiping off Rs 750 crore (Rs 7.5 billion) of its......
Budget: Rural electrification gets a boost
Over the past few quarters, the power sector has seen hard times given the severe liquidity crunch that hit existing as well as new projects. And as such, the sector once again saw capacity......
Stocks you could hold, buy or sell
As a direct fallout of Tuesday's UPA win in parliament, the Sensex soared above 800 points in the final trading sessionon Wednesday. The Sensexopened high and scaled greater heights as trading......
Market fall: Promoters make hay
Promoters of mid- and small-cap companies are grabbing the opportunity provided by a falling market to raise their holdings in their respective companies. In most cases, the shares of their......
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