State-owned United Bank of India today said it has raised Rs 300 crore by selling shares on preferential basis to LIC.
The bank has received Rs 299
Electrical goods manufacturer Havells India has undertaken a sub-division of its equity shares of Rs 5 into Rs one each after getting the mandatory approval from its board.
India-only funds saw a net $786 million in outflows last month, the highest since the global financial crisis, reflecting investors' preference for diversified funds rather than funds dedicated to one
Overseas investors have bought cash shares and index futures worth 63. 39 billion rupees ($1
State-owned life insurer LIC lowered its exposure in 15 blue-chip firms during the January- March quarter with sale of shares that are currently worth over Rs 6,300 crore.
As many as five listed companies, including Cairn India and DCM Shriram, have announced plans to buyback shares worth nearly Rs 6,000 crore from shareholders this year so far.
Foreign flows and January-March earnings will continue to set direction for markets, as India's five-week long election continues, including voting in Mumbai scheduled for April 24.
Overseas investors sold Indian
Mutual funds offloaded shares worth more than Rs 14,000 crore during the FY 2013-14, making it the fifth consecutive year of net outflows.
As per the latest data compiled by
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William D. Green
Chairman & CEO, Accenture