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Tuesday, March 15, 2005

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Warburg sells 6 pc stake in Bharti for Rs 2,500 cr
PRIVATE equity investor Warburg Pincus today sold over 6 per cent equity stake in Bharti Tele-Ventures for $560 million (nearly Rs 2,500 crore) in the largest equity deals ever in a single scrip on any Indian stock exchange. Warburg sold 11.2 ... More

Jet Airways' shares list at over 18% premium
THE Jet Airways shares today made their debut on the stock exchange at a premium of more than 18 per cent to the issue price of Rs 1,100. On the first day of trading, the stock recorded huge volumes, both in the cash and the derivatives ... More

Oil PSUs may get limited autonomy to fix prices
THE Minister for Petroleum and Natural Gas, Mr Mani Shankar Aiyar, on Monday said the Government would like to give public sector oil firms limited autonomy to fix petrol and diesel prices within a narrow price band, once international prices ... More

Tremor rocks Mumbai
MODERATE intensity tremors were felt in Mumbai and adjoining areas as an earthquake measuring 5.1 on the Richter scale hit the Koyna region in western Maharashtra on Monday. The officials at the Regional Meteorological Centre said that the ... More

Over-hyped stocks: Too good to be true
COMPANIES extolling their achievements in print is not news. But prominent advertisements of lesser-known listed companies appearing repeatedly on the front pages of leading, nationally circulated business dailies? That does seem a bit of an ... More

Exports post 8 pc growth in February
THE country's trade deficit during the first 11 months of the current fiscal zoomed to an unprecedented $23.8 billion as compared to the corresponding months of the previous fiscal, fuelled by a high export growth and a relatively higher import ... More

NIF suggests measures to protect minority shareholders in M&As
NATIONAL Investors Foundation (NIF) has, in a presentation before the Dr J.J. Irani Committee, recommended that a price discovery mechanism coupled with an exit option be provided to dissenting minority shareholders in case of merger of two ... More



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