Adani Group on Friday launched its Rs 31,000-crore open offer to acquire 26 per cent additional stake from the public shareholders of Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements. In May this year, the Adani Group had announced that it had clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for $10.5 billion. Markets regulator Sebi granted approval for the open offer last week.
The beleaguered Deutsche Bank announced major overhaul of its business, which included discontinuing loss-making equities trading business, creating a new 'bad bank', and cutting 18,000 jobs. Deutsche Equities India employs 35 people, all of whom could face the job axe.
Two top investment banks, Enam Financial Services and JM-Morgan Stanley, have backed out from the high-profile initial public offering by real-estate developer DLF Universal
Four of the founders of Infosys are seeking to raise about $1.1 billion by selling stakes in the company.
Infosys co-founders N R Narayana Murthy and Nandan Nilekani along with their family members on Monday sold shares worth Rs 6,484 crore in the country's second largest software services firm.
The company will finalise the final pricing for allotment of shares later.
While analysts predicted the Sensex to cross 30,000 in 2016, the index currently stands 12% lower at 26,400.
Brent crude prices fell to $57 a barrel on Monday from $62 a barrel.
Both Sensex and the rupee posted slight gains on Monday but Brexit concerns lingered.
They have put in $14 billion so far in 2014 but this could get slower if the US Fed raises rates; however, there are expectations on compensatory flows.
Buoyed by the success of secondary market, IPO market set to see high action
About 48.5 million shares, or 20 per cent of the shares on offer, are reserved for retail investors
Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
Analysts say the company remains on a firm footing, stake sale by the founders will not impact fundamentals.
The fuel reforms are a very important signal of the government's commitment to tough economic reforms.
Global markets could correct 5-10 per cent. If that happens, Indian markets will correct about 10 per cent
The derivatives expiry on Thursday is also expected to add to the volatility.
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