Asian Paints promoters have last laugh; buy 4.5% stake from Kotak for Rs 74 cr The curtain has been rung down on the ICI-Asian Paints saga on Friday with Kotak Mahindra Capital offloading its remaining 4.5% stake in the local paints company to the promoters. Sensex ends Samvat 2055 with 112pt jump The last day of Samavat 2055 ended on a cheerful note with BSE Sensex recording a 112.47 points. FIIs continued their shopping for the fourth day in a row pouring in Rs 174 crore more into the Indian markets on Thursday. Institutions free to decide on stake sale, says Sinha Finance minister Yashwant Sinha on Friday declined to take sides in the controversy over the decision of the financial institutions to sell their stakes in private sector companies. Bharti may acquire 23% in JT Mobiles Bharti Enterprises is in advanced stage of negotiations with Thailand-based Jasmine International and Telephone Organisation of Thailand to acquire their 23% shareholding in JT Mobile for Rs 250 crore. Weill's spirit is willing, but 26% insurance cap is weak The United States is liberalising its financial sector. You can do banking, insurance and other financial services under the umbrella of a single company now. And when Travelers merged with Citicorp, it was with the proviso that it could expand into insurance. HFCL to pick majority in Essar Commvision Himachal Futuristic Communications is acquiring a majority stake in Essar Commvision, the basic telephone service licence holder for Punjab.
Asian Paints promoters have last laugh; buy 4.5% stake from Kotak for Rs 74 cr
Sensex ends Samvat 2055 with 112pt jump
Institutions free to decide on stake sale, says Sinha
Bharti may acquire 23% in JT Mobiles
Weill's spirit is willing, but 26% insurance cap is weak
HFCL to pick majority in Essar Commvision