An industry source said Reliance Industries did not have a controlling stake in Yatra.com through its acquisition of Network 18. It was just a financial investment.
Equity markets are currently difficult to gauge as the market has probably priced in a lot of things ahead of actual events.
Having successfully implemented the 25 per cent free-float norm for private companies, the Securities and Exchange Board of India now wants the government to pare its holdings in public-sector undertakings to below 75 per cent.
Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.
Airline now financially more stable but still in the doldrums as the operating environment remains tough.
Sensex gains 2.4%, Nifty crosses 7,000; investors feel exit polls have vindicated their stand
Current FDI norms allow a foreign airline to hold up to 49 per cent in a domestic carrier.
AirAsia is facing a legal challenge from Bharatiya Janata Party MP Subramanian Swamy, whose petition comes up for hearing at the Delhi HIgh Court on Wednesday.
Could address the concerns over Companies Act provision on the issue
Capital goods stocks rallied nearly 16 per cent since January on purchases by foreign institutional investors and in anticipation of a change of government at the Centre.
Institutional investors - both foreign and domestic - lapped up the government's big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.
Sources said many individual investors were interested in applying for the NFO, due to additional benefits being offered such as upfront discounts and loyalty bonuses.
There is enough room for growth in smaller Indian towns as per US and European aircraft manufacturers
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The ETF is expected to fetch the govt Rs 3,000 crore.
With Maruti Suzuki refusing to go back on the plan, these investors have approached the Securities and Exchange Board of India, which is examining the possibility of taking action under Section 11 of the Sebi Act.
The Civil Aviation Ministry is looking to increase air seat entitlement to Dubai by 20%.
The Union finance ministry has sought views of the Securities and Exchange Board of India (Sebi) for setting up a 'social bourse.'
Sebi has pushed for better corporate governance of listed companies through measures such as the need for a succession policy
Regulator believes Jet Airways deal triggers open offer
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