India may get thrown out of MSCI Indices

MSCI Inc. (NYSE: MSCI), a leading provider of research-based indexes and analytics, announced today that it is closely monitoring developments related to the concerted announcement by three Indian stock exchanges, including the two principal exchanges, of the imposition of anti-competitive measures restricting the accessibility of the Indian equity market. MSCI is evaluating the measures’ potential…

Risky Business

Most things are going well for most investors. So let’s talk about risk. People are masters at discounting risks that threaten the continuation of their past success. Winning feels good, but winning and then assuming you’ll keep winning indefinitely by doing what you just did is pure heaven and too hard to let go of. Risk hides…

Jet Airways board approves share sale to Etihad. Deal valued at Rs 2000 crores.

In a major Foreign Direct Investment ( FDI) move in the aviation sector, Jet Airways on Wednesday agreed to sell 27.3 million shares to Etihad Airways. Jet Airways will sell the shares at Rs 754.73 per share. ET Now sources said that the Jet-Etihad transaction stands at around Rs 2000 crore. In an intimation to…

Clariant Chemicals (India) plans Rs.200 crore divestment.

The board of Clariant Chemicals (India) has approved the proposal to divest the business of textile chemicals, paper specialities and the emulsion products, for a consideration of Rs. 209.15 crore, it said in a statement on Wednesday. The divestment of the company’s business includes a textile chemical plant situated at Roha. The Roha site has…

ADAG Group Shares Lose Rs10000 Crores In Market Capitalization In A Week.

Shares in Anil Ambani group of companies have fallen sharply amid a broad selloff across equities. Reliance Power, Reliance Communications, Reliance Infra, Reliance Capital and Reliance Media have together lost over Rs. 10,000 crore in market capitalization since March 14, 2013. All these stocks have fallen for five straight days and are on course to…

Dr Reddy’s founder, chairman Anji Reddy is no more.

K Anji Reddy, promoter and chairman of the country’s second largest drug maker Dr Reddy’s Laboratories, passed away on Friday. Reddy was 73-year-old and is survived by a son and a daughter. He was born in Tadepalli in Guntur district of Andhra Pradesh. He had obtained his Ph.D in Chemical Engineering from National Chemical Laboratory,…