MUMBAI: IL&FS Realty Fund, a private equity fund managed by Infrastructure Leasing and Financial Services (IL&FS), has picked up 30% stak in JB Pharma SEZ for $15 million (Rs 75 crore). Two nationalised banks — State Bank of India (SBI) and State Bank of Mysore — have financ…

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MUMBAI: Market regulator Securities and Exchange Board of India (SEBI) on Wednesday expressed its displeasure about overseas stock lending operations by foreign institutional investors (FIIs) to a select group representing these institutions. …

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TOKYO: The dollar hit a two-year high against a basket of currencies on Thursday as concerns about a worsening global economy prompted investors to cut risky assets. The dollar struck a two-year high against the euro while the yen hit a near six-year peak against the European single curre…

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Sr Company CMP 52 Wk Low % Above Low 1 Sakthi Sugars 47.10 47.05 0.11 2 Quantum Index 310.60 310.00 0.19 3 GMR Ferro Alloy 25.15 25.10 0.20 4 Himadri Chem 174.40 174.00 0.23 5 Excel 34.10 34.00 0.29 6 Thirumalai Chem 107.00 106.60 0.38 7 EngineersInd 380.15 378.65 0.40 …

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MUMBAI – Yes Bank has posted a net profit of Rs 63.62 crore for the quarter ended on Sep 30, 2008, up by 40.50 per cent against Rs 45.28 crore for the quarter ended on Sep 2007. Interest earned increased 61.36 per cent to Rs 489.66 crore in Jul-Sep quarter of 2008 compared with Rs 3…

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NEW DELHI: Norway’s sovereign wealth fund plans to invest $2 billion in Indian stocks over the next three months, a Norwegian embassy official said on Wednesday.”The deputy secretary general at the finance ministry (of Norway) said that sovereign wealth fund is going to invest…

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Leftists claim that the global financial crisis was caused by reckless deregulation and greed. Rightists blame half-baked financial regulations and perverse incentives. Actually, the financial sector is deeply regulated, with major roles for both the state and markets. It was not one or …

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LONDON: Stock markets around the world fell sharply again on Wednesday after concerns about economic recession and falling commodity prices were fuelled by a fresh spate of gloomy corporate earnings. Emerging markets were hardest hit by the global retreat and the fresh commodity pressure,…

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Oil fell over $1 to around $71 a barrel on Wednesday, extending a 4 per cent slide in the previous session, on mounting worries that output cuts by OPEC will not be enough to offset slackening energy demand in leading consumers. …

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Just 24 hours after Prime Minister Manmohan Singh sought to assuage the nation’s concerns about the global financial crisis, stating that India must be prepared for “a temporary slowdown” even as his government is working to minimise the impact of the crisis, Rajya Sabha’s Questio…

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