The deal street is buzzing again in India. Deal-making has hit a five-year high this financial year with several multi-billion dollar transactions getting closed
Five years after Henkel sold off its consumer business to Jyothy Laboratories, the German company wants to re-enter the market by buying stake in Jyothy. Both companies are in
The benchmark BSE Sensex climbed about 106 points in early trade today on widespread gains as retail investors and domestic institutional investors indulged in buying.
Short-covering of outstanding positions --
The government on Wednesday reached closer to its revised disinvestment target of Rs 45,500 crore for the current fiscal, with the opening of the proposed 11 per cent stake sale
Markets ended higher for the fifth straight day, with the Sensex rising over 103 points to end at an over five-month high of 28,864.71
The Sensex rallied about 97 points to 28 858. 30 in early session today maintaining its uptrend for the fifth day on widespread gains amid covering-up of short positions
Axis Bank scrip spiked nearly 5 per cent amid media reports that several banks have approached the government informally, expressing an interest in picking a stake in the private lender. Among those who have expressed interest include the HDFC Bank, HDFC Ltd, ICICI Bank and IndusInd.
The Centre may approach market regulator Sebi soon with a request for relaxation in August 21 deadline to meet the 25 per cent minimum public shareholding norm as more than a dozen PSUs are hard-pressed to achieve this.
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