Market wealth worth Rs 1,06,838 crore (Rs 1,068.38 billion) was eroded on Monday as the 30-scrip BSE Sensex reported a record fall of 400 points in a single day, the highest in the last six months.
In pursuit of their global ambitions, domestic companies are looking to list their shares on exchanges in new geographies - not just New York or Nasdaq exchanges.
The Indian market on Tuesday displaced its South Korean counterpart to attain the fourth position in the market cap rankings for the Asia Pacific region, with a total market cap of $821 billion.
India is now clearly in the radar of the global hedge fund industry after recent statements by the Securities and Exchange Board of India favoured the direct entry of long-term hedge funds.
All foreign equity investments in stock exchanges prior to their listings will be treated as foreign direct investment, where 26 per cent is expected to be the cap.
Flag Telecom was looking at divesting up to 20 per cent of its equity stake through an international convertible bond issue and raise over $200 million.
Restriction on lending for shares to hit forthcoming IPOs.
Confusion prevails on the lock-in period of the about-to-be allotted shares of DLF Universal to the minority shareholders.
