China bans big shareholders from cutting stakes for next 6 months

Last Updated: Thursday, July 9, 2015, 07:02

China`s securities regulator took the drastic step of banning shareholders with stakes of more than 5 percent from selling shares for the next six months in a bid to halt a plunge in stock prices that is starting to roil global financial markets.

Stable stocks to give divestment programme a big lift

Last Updated: Sunday, June 28, 2015, 13:06

The Cabinet approved sale of 5 percent stakes in ONGC, BHEL and NTPC as well as 10 percent each in IOC, NALCO and NMDC.

UB Group to hike stake in MCFL; to buy shares from Zuari

Last Updated: Sunday, May 31, 2015, 13:11

Now, United Breweries (Holdings) Ltd (UBHL) has decided to exercise its option whereby both the company and Zuari Group would have equal stakes in MCFL.

Rocket Internet cuts stakes in lending sites: Reports

Last Updated: Saturday, May 2, 2015, 10:28

Rocket Internet, a tech investor focused on emerging market ventures, has reduced its stakes in two of its Europe-focused financial services start-ups after facing setbacks there, Germany`s Spiegel magazine said.

Will look at picking up SUTTI stakes if asked, says LIC

Last Updated: Friday, October 12, 2012, 16:43

LIC on Friday said it has not been approached by the government to pick up the latter's stakes in Axis Bank, L&T and ITC, which are currently held by the Special Undertaking of Unit Trust of India (SUUTI), but added if it is so asked, it will definitely look at it.

Promoter group cos hike stake in Hindustan Motors

Last Updated: Monday, March 19, 2012, 18:56

Hindustan Motors, better known as the maker of Ambassador cars, on Monday said four promoter group firms have increased their stake in the company to 32.19 percent by picking up an additional 6.82 percent through preferential allotment.

SpiceJet foresees tough times

Last Updated: Monday, March 5, 2012, 13:00

Budget carrier SpiceJet's chief executive Neil Mills feels the aviation sector, marred by high fuel and interest cost in the coming fiscal, will continue to face "tough operating conditions".

EIH shares jump 10% after RIL increased stake

Last Updated: Saturday, March 3, 2012, 20:07

Shares of hospitality firm EIH Ltd on Saturday closed with nearly 10 percent gain on bourses after Mukesh Ambani-led Reliance Industries increased its stake in the company.

Maran pumps Rs 100-crore into SpiceJet, ups stake to 48.6%

Last Updated: Friday, March 2, 2012, 18:01

SpiceJet on Friday said its promoters agreed to infuse Rs 100 crore fresh funds into the airline in exchange for an additional equity of 42.9 million shares aggregating to five percent.

Fabindia sells 7% stake to Premji Invest

Last Updated: Thursday, March 1, 2012, 18:18

Ethnic retailer Fabindia is understood to have sold 7 percent stake in the company to Azim Premji's Premji Invest for about Rs 125 crore to fund expansion.

LIC to pick up 5% stake in Bank of Maharashtra

Last Updated: Friday, February 10, 2012, 22:58

LIC will pick up 5 percent stake in Bank of Maharashtra through the lender's preferential allotment of shares valued at around Rs 140 crore.

Bharti Telecom buys 14.93 lakh shares of Airtel for Rs 54.51cr

Last Updated: Friday, November 25, 2011, 15:55

Bharti Telecom, the majority stakeholder in the country's largest private telecom operator Bharti Airtel, has purchased a total of over 14.93 lakh shares of the company for Rs 54.51 crore, through open market transactions.