Reena Zachariah &Amp; Rajesh Abraham In Mumbai

Stories by Reena Zachariah &Amp; Rajesh Abraham In Mumbai

India Inc set to raise Rs 1 lakh crore

India Inc set to raise Rs 1 lakh crore

Rediff.com   23 Jun 2007

A back-of-the-envelope calculation suggests that the total mobilisation through share issues (including rights, initial and follow-on issues) will be at least Rs 1.04 lakh crore (Rs 1.04 trillion).

Billionaires bet big on India's bio-fuel

Billionaires bet big on India's bio-fuel

Rediff.com   23 Jun 2007

India's well-known investors who are known for their Midas touch have spotted an opportunity in bio-fuel, betting big on ethanol, bio-mass and even bio-fuel equipment makers in India and other parts of the globe.

Odds rise for small bourses as deadline looms

Odds rise for small bourses as deadline looms

Rediff.com   22 Jun 2007

With pressure mounting on 18 regional exchanges to demutualise, some bourses have decided to shut shop, while others are going in for demutualisation - leading to an eventual consolidation.

Lehman, others vie for Brics' broking business

Lehman, others vie for Brics' broking business

Rediff.com   21 Jun 2007

International brokerages, especially those which have made recent entry into the domestic market, are lining up to acquire the institutional broking business of the city-based Brics Securities.

Warburg bids for 50% ICICI shares on offer

Warburg bids for 50% ICICI shares on offer

Rediff.com   21 Jun 2007

Warburg Pincus, a US-based private equity firm, has put in the highest bid worth Rs 5,000 crore (Rs 50 billion) for ICICI Bank shares.

You may soon get to buy foreign MFs

You may soon get to buy foreign MFs

Rediff.com   20 Jun 2007

The domestic mutual funds such as Reliance Mutual Fund and Tata Asset Management Company are in advanced talks with global fund houses and investment advisors, in an attempt to offer global investment products to their Indian investors.

Over 500 DLF investors lose bonanza

Over 500 DLF investors lose bonanza

Rediff.com   7 Jun 2007

Over 500 minority shareholders of realty major DLF have missed out on a once-in-a-lifetime opportunity to become 'crorepatis' overnight.

Rahejas, Star to sell 15% in Hathway to ChrysCapit

Rahejas, Star to sell 15% in Hathway to ChrysCapit

Rediff.com   24 May 2007

The Rahejas and Star TV are together selling 15 per cent in cable network operator Hathway Cable to private equity firm ChrysCapital.

Indian M&A advisors lose out to global peers

Indian M&A advisors lose out to global peers

Rediff.com   22 May 2007

According to a Thomson Financial research, no Indian investment bank figures in the top ten list of the M&A deals that was struck this year, which was topped by UBS.

RIL to raise $2 bn via 10-year loan

RIL to raise $2 bn via 10-year loan

Rediff.com   16 May 2007

Reliance Industries Limited, the country's largest private sector company, is raising $2 billion through a 10-year overseas syndicated loan for funding its oil and gas exploration in the D6 block of the Krishna-Godawari basin.

StanChart-UTI deal on Monday

StanChart-UTI deal on Monday

Rediff.com   12 May 2007

UK-headquartered Standard Chartered Bank is set to become the third foreign player to enter the Indian retail stock brokerage business by buying a 49 per cent stake in UTI Securities for Rs 140-150 crore.

Race begins to set up exchanges

Race begins to set up exchanges

Rediff.com   11 May 2007

The stage is all set for a battle among stock exchanges for setting up separate exchanges for small and medium enterprises as they top bourses.

Citi, 3 others lead race for Sharekhan stake

Citi, 3 others lead race for Sharekhan stake

Rediff.com   11 May 2007

Citigroup's private equity arm Citigroup Venture Capital International, Baring Private Equity, TPG and 3i are the front-runners to acquire an equity stake in Sharekhan, the retail brokerage arm of the Mumbai-based SSKI group.

PNs grow 70% in 1 year

PNs grow 70% in 1 year

Rediff.com   10 May 2007

But contrary to conventional wisdom, the share of hedge funds in total PN investments in the Indian stock markets could be as little as 8-9 per cent.

Murdoch plans to launch <i>Sun</i> with Sun group

Murdoch plans to launch Sun with Sun group

Rediff.com   9 May 2007

The Sun, the flagship publication of Murdoch's News Corporation, is in talks with Maran's Sun group to launch an English tabloid in the country.

BSE plans to launch platform for SMEs

BSE plans to launch platform for SMEs

Rediff.com   7 May 2007

The Bombay Stock Exchange, Asia's oldest stock exchange, plans to launch a separate trading platform for small and medium enterprises. Sources close to the development said the BSE was preparing a strategy for an SME exchange.

IPO scam: Promoters' role under scanner

IPO scam: Promoters' role under scanner

Rediff.com   28 Apr 2007

"Our order (over share price manipulation on listing day) is only interim in nature. We are probing further and you can expect more orders in this case," said the official on condition of anonymity.

BankMuscat to launch Islamic fund

BankMuscat to launch Islamic fund

Rediff.com   20 Apr 2007

Oman's largest bank BankMuscat, which recently picked up 43 per cent stake in the domestic brokerage house Mangal Keshav Group

Investors eye markets abroad

Investors eye markets abroad

Rediff.com   20 Apr 2007

They prefer foreign markets owing to comparatively lower margins than Indian exchanges.

MFs' short term deposits to be capped at 15%

MFs' short term deposits to be capped at 15%

Rediff.com   16 Apr 2007

The Securities and Exchange Board of India is expected to shortly release a circular asking mutual fund houses not to park more than 15 per cent of their corpus as bank deposits at any point of time.