MUMBAI: Life Insurance Corporation(LIC) today said that it has sold 1,68,974 equity shares of Bhuruka Gases Limited. The shares were sold at a rate of Rs 41 per share, constituting 1.20 per cent of the paid-up capital of the company, LIC said in a press release issued here. …

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MUMBAI: With stock markets continuing their downslide, the country’s elite club of most valued firms lost over Rs 94,000 crore in a week, though SBI defied the trend and added nearly Rs 4,000 crore to its market capitalisation. …

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MUMBAI: Foreign Institutional Investors have reduced their holdings by up to 3 per cent in 18 blue-chip firms, including ICICI, on the 30-share benchmark Sensex, in the September quarter this fiscal. FIIs reduced their stake in country’s …

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Equities should edge up on Friday as investors hunt for bargains in battered stocks, but the market outlook is still hazy with lingering worries about a sharp global economic slowdown weighing on sentiment. …

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MUMBAI: It was a night of high drama for India’s aviation industry. Bowing to the considerable political backlash, an emotional Naresh Goyal, chairman of Jet Airways, announced the rescinding of the decision to sack 1,900 employees. …

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NEW DELHI/BANGALORE: GR Gopinath, vice-chairman of Kingfisher Airlines, is believed to be considering an offer to buy back Air Deccan as he is reportedly unhappy over the alliance Kingfisher has struck with Jet Airways. …

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LONDON/TOKYO: The United States will pump $250 billion into its banks on Tuesday, following similar measures in Europe, but data showed the threat of recession has not been banished even if a financial sector meltdown has. …

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India’s crude oil import price has dropped to the year’s lowest but a cut in petrol and diesel price may happen only if crude falls to USD 61 per barrel as rupee depreciation has partly offset the gains. Oil firms were supposed to break-even on sale of petrol.. …

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MUMBAI: ADAG group firm Reliance Money has acquired a 15 per cent stake in Hong Kong Mercantile Exchange (HKMEx) for 7.5 million dollars, a move that will help it to leverage on the growth potential of commodity trading in the Asian region, including India. …

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MUMBAI: Markets ended higher but off highs as investors booked profits after pull-back rally in previous trade. While IT stocks ended higher, metals gave away gains to end in negative terrain. Bombay Stock Exchange’s Sensex closed at 11,483.40, up 174.31 points or 1.54 per cent. It tou…

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