NEW DELHI: The Bombay Stock Exchange will replace Satyam Computer Services with drugmaker Sun Pharma in the benchmark share index, effective Jan. 12, the spokesman for the exchange said on Thursday. National Stock Exchange said on Wednesday it would remove Satyam from its S&P CNX Nif…

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MUMBAI: Startled by the disclosure of fudging of accounts by Satyam founder B Ramalinga Raju, market regulator SEBI on Wednesday ordered probe into share market operations and inspection of the IT company. “SEBI has ordered an investigation into the affairs relating to buying, selli…

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New Delhi: Equipment supplier BGR Energy said on Monday said it has raised Rs 2,105 crore of loan for its working capital requirements from a consortium of five banks, led by public sector giant State Bank of India. The amount is expected to be used for providing working capital for the …

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MUMBAI: Cinema operator Pyramid Saimira Theatre Ltd said on Monday a promoter of the company had sold 6.5 per cent of his stake in the company through open market sale. Nirmal Kotecha’s shareholding in Pyramid Saimira will be reduced to 15.5 percent after the sale, according to the…

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MUMBAI: Market regulator SEBI on Friday said that it has lodged an FIR with the Mumbai police for “forgery” of its communication in the wake of the Pyramid Saimira theatre episode. “An FIR has been registered at the Bandra-Kurla police station on January 1 to investigate…

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MUMBAI: While 2008 saw India Inc tighten its purse strings to combat a slowing economy and liquidity crunch, the year also saw many corporates spending sizeable sums on buying back their shares. One and a half dozen companies, including bluechips like Reliance Infrastructure and DLF, hav…

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Mumbai: GMR Infrastructure on Tuesday said that its one of the promoter group companies, GMR Holdings, has hiked its stake to about 74% after purchasing 3.87 lakh shares from the open market. In a filing to the Bombay Stock Exchange, GMR Infra said pursuant to the share purchase GMR Hold…

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MUMBAI: Reliance Communications on Tuesday said it has repurchased bonds worth $25 million from the international market. In a statement to theBSE, RCom said it has bought back 250, zero coupon, foreign currency convertible bonds of $100,000 each at a discount of 52.5% to the conversion p…

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MUMBAI: Life Insurance Corp of India, has increased its equity stake in ABB Ltd, the Indian unit of the global engineering major, by about 2.02%, following an acquisition of the equity stake in an open market transaction. The country’s largest insurer bought 4.27 million equity shar…

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New Delhi: The government on Friday said that it has approved Suzlon Energy’s plan to raise Rs1,800 crore via allotment of shares to the existing shareholders including non-resident Indians through a rights issue, which the wind power major has apparently suspended. The Cabinet Committ…

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