Adani hikes stake in two group companies

Billionaire Gautam Adani-led promoter group has increased stake in two of the group's listed companies, as the ports-to-energy conglomerate continues to work on a claw back strategy after being hit......

Two-month IPO drought set to end with Shyam Metalics Rs 909-cr offer

The IPO is priced between Rs 303 to 306 per share and will remain open between June 14 and June 16. Illustration: Uttam Ghosh/Rediff.com Shyam Metalics and Energy (SMEL) will end the over......

$70-billion gold traded through Dubai in 2012

As much as $70 billion of gold was traded through Dubai during 2012, a Dubai Multi Commodities Centre official has said.Speaking at Dubai Precious Metals Conference 2013, DMCC Executive Chairman......

RIL sells stake in Yemen oil block to Indonesian firm

Reliance Industries has sold its 25 per centstake in an oil block in Yemen to Indonesia's Medco Energi for about $90 million, the firm's second overseas stake sale in one month. RIL's Dubai-based......

ED arrests two for illegal IPL streaming, money laundering

As per the ED, a website was engaged in unauthorised online betting in various sports including tennis, cricket, soccer, basketball, badminton and boxing, and live-streamed Indian Premier League......