Escorts gains; billionaire Jhunjhunwala raises stake

Shares in tractor maker Escorts close 3.8 percent higher after a company filing to stock exchanges shows billionaire investor Rakesh Jhunjhunwala raised his stake in the company to 5.47 percent from 4.89 percent he held as of the end of December.

Jhunjhunwala, referred to at times as India's Warren Buffett, bought 700,000 shares in the January-March quarter, the filing shows.

EDITORIAL OF THE DAY

  • Right to reveal

    Delhi is India’s first state to announce a scheme for witness protection. But what about the witnesses in other states?

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

New masters of the Financial Times

A few days ago, Japan’s leading financial daily Nihon Keizai ...

Anuja Sharma

Focus mindfully to get the result

Have you ever tried to light a fire using the ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture