Badla rates dip to 22%
Post budget, both the Bombay and National stock exchanges have been on a downward journey, and the markets are confused as to which direction the 30-share BSE Sensitive Index will take on Monday. The week ended June 5 saw the local markets in turmoil as the Sensex dropped by 380 points.

Forex reserves up a tad at $28.75 bn
The forex reserves went up marginally by $38 million to touch $28.75 billion in the week ended May 29. The reserves rose primarily due to a rise in the foreign currency assets, which went up by $47 million to $25.56 billion. This is the second consecutive week the forex reserves have gone up.

HSBC equity fund picks up 27% in Kurlon
HSBC Private Equity India Fund Ltd of Mauritius, part of HongKong & Shanghai Banking Corporation, has acquired 27% shareholding in Kurlon Ltd. The Mauritius-based firm has pumped in around Rs 14 crore, which includes a premium, for acquiring the equity of the mattress making company.