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Aban Offshore Shares Touches Fresh 10-Month Low

Shares of Aban Offshore are trading at Rs. 393.5 currently, down 2.53% from yesterday’s close of Rs. 403.70. However, the share price of Aban has been on a ...

Inexplicably, The Government Isn’t Selling ITC Shares It Owns, But Insiders Continue Their Selling

Surjit Bhalla has an interesting take on why the government isn’t selling ITC shares it owns through the SUUTI stake (HT @baddutt): A suggested ...

Equity Mutual Fund Inflows Till November At Highest In Over 8 Years

This year seems to have really kicked off for Mutual Funds. Especially Equity Mutual Funds, which have recorded a Rs. 86,816 cr. worth of inflows for the ...

SpiceJet Turns Bland After News Batters its Reputation

SpiceJet has been in the news lately. Crude prices have fallen but the carrier seems to be still quite deep in the bad stuff. The airline’s stock has ...

IPO: Monte Carlo Doesn’t Attract Us, Low Profit Growth and Potential Conflicts

We have yet another IPO in Monte Carlo fashions. First, let’s look at the fact that the IPO is already oversubscribed 2.44x.   The issue closes today, so ...

United Bank of India Declares UBHL A Willful Defaulter

And the bad news seem to keep flowing for one Dr. Vijay Mallya. United Bank of India has now declared United Breweries Holding Ltd. (UBHL) a ‘Willful ...

SEBI Initiates Proceedings Against DLF

Securities and Exchange Board of India (SEBI) has initiated penalty proceedings against DLF and its promoters. Minister of State for Finance Jayant Sinha said ...

Nigeria Devalues Currency To Deal With Crude Oil; Bajaj Auto Shares Drop 8%

On Tuesday, November 25, the Nigerian Central Bank decided to devalue the Naira by a little over 8%, pegging the value of the naira to 168 to the US Dollar, ...

Nippon Life to Increase Stake in RCAM; Reliance Capital Shares Close at 4.24% Higher

Nippon Life Insurance Co: announced earlier today that they would be upping their existing stake in Reliance Capital Asset Management (RCAM), from 26% to 49% ...

Kotak-ING Vysya Bank Merger – The Story in Pictures

Kotak Bank will buy ING Vysya bank in an all stock transaction that gives ING Vysya shareholders 725 shares of Kotak Bank if they own 1000 shares of ING Vysya. ...