MARKETS
BUYBACK
MRO-TEK gets board nod for buyback
The board of directors of MRO-TEK approved the company's proposal to go in for a buyback of its equity shares through the stock exchange mechanism at prevailing market rates. On Friday, the MRO-TEK board approved the buy-back of up to a ...
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STOCKS
ONGC gains 11% in March
Earnings expectations have improved in the last two months
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TECHNICAL ANALYSIS
Volatile movement
Friday's trading activity witnessed volatile movement. The sentiment reading of the tradable counters changed to bullish. Bear move on Monday is likely to change the sentiment reading in their favour. On the contrary, the prevailing bullish ...
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STOCK MARKETS
Experts fear dip in markets in the wake of CRR hike
Banking, auto stocks expected to be hit hardest
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ICICI Bank, HDFC Bank ADRs slump 5%
The ADRs of ICICI Bank and HDFC Bank fell by almost five per cent on the NYSE within a few minutes of trading hours in reaction to the sudden hike in cash reserve ratio and repo rates by the central bank. The former fell by 4.96 per cent or $1.96 ...
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Value buying helps pharma stocks
Stock-specific reactions too aid sentiment
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FOREIGN INSTITUTIONAL INVESTORS
Warburg Pincus' arms hike stake in Moser Baer
Affiliates of Warburg Pincus have hiked their stake in Moser Baer India Ltd by 4.26 per cent taking the total equity to 33.75 per cent in the company. In a statement to the BSE, Moser Baer informed that the affiliates of Warburg Pincus, which ...
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COMMENTARY
Sugar, FMCG stocks rise on day of gains
The markets gained for the second consecutive trading session on Friday, led by Infosys, ITC and Reliance. The Sensex gained another 92 points to close at 13,072 points - about 200 points lower than its level a week ago. The ...
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VENTURE CAPITAL
`Venture capital-related amendment against principle of promissory estoppel'
Venture capital (VC) funds and private equity (PE) firms have been increasingly active in recent times. For instance, Sequoia Capital has invested $11.5 million in SKS Microfinance, as per a report dated March 29 on More
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