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Reliance Comm to sell 5% stake in tower biz for Rs 1,400 crore |
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The deal pegs the equity valuation of the company at Rs 27,000 crore. RTIL is also evaluating a possible initial public offering or equity placements. Full story |
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Sensex at a new high, vaults 249 pts to close above 15,500 |
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The bull is raging at Dalal Street and so is the curiosity among investors. Taking cues from its Asian peers, the 30-share Sensex of the BSE, closed at an all-time high of 15,550.13 points, gaining 1.63% or 248.96 points. Full story |
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Indian IT companies set for global takeovers, says Springboard Research |
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The next couple of years will be buzzing with lot of merger and acquisitions; but this time around it will be Indian companies making large acquisitions rather than the multinational companies dominating the takeover domain. Full story |
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MFs shy away from FMCG, auto stocks |
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FMCG and automobile stocks have fallen off the radar of fund managers who have considerably reduced exposure in these sectors in the last one year. Full story |
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