Vedanta buys 10.4% stake in Cairn India

Moving ahead with its plan to buy a majority stake in Cairn India, Vedanta Resources on Tuesday bought a 10.4 per cent stake in the Indian company for Rs. 6,620 crore (Rs. 66.20 billion), or Rs.......

Most FY'11 listed cos trading below par

Two-third of the companies that made their debut on stock exchanges this fiscal are trading well below their issue prices, resulting in significant negative returns for the investors.As many as 61......

Patni-iGate deal: A good note for M&As

The year 2011 seems to have begun on a good note for merger and acquisition deals in India, as the first transaction of the year -- $1.22 billion acquisition of Patni Computer by US-based iGate --......

FII inflow at $4.78-bn; touches record $39 bn

Mirroring their faith on the Indian economy, overseas funds have infused a staggering $4.78 billion in the capital market in November, taking the year-to-date total to $39 billion.With an......