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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BSE Sensex: (10170) we said we could technical ounce backs buy they would be fake and that’s was happened, the market saw fresh selling pressure. Now if the market has to go up then it just requires one UP day and that should be enough, until then it is tough times ahead. …

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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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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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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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For the first time in two years, the benchmark Sensex closed below the psychologically 10,000 level as funds continued their selling spree amid strong signs of recession in the US — the world’s biggest economy — becoming a reality. …

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