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Zurich Airport to pare its equity in BIAL
Flughafen Zurich AG, operator of Zurich airport in Switzerland, which has a 17 per cent stake in Bangalore International Airport Ltd (BIAL), will reduce this to five per cent, to fund its further growth in India. The divestment process is expected to take four months.

Dhanalakshmi Bank raises Rs 150 crore
Dhanalakshmi Bank today said it has raised Rs 150 crore by selling bonds to investors on a private placement basis.

News of the day

Force India releases Fisi, no 'financial settlement' involved
After four days of vehement denial, Force India on Thursday announced that its Italian driver Giancarlo Fisichella is joining Ferrari with immediate effect, while also insisting that there was no financial settlement involved in his move.
Public Company

FIIs to obtain RBI nod for buying Maruti shares

The Reserve Bank of India (RBI) today said that foreign institutional investors (FIIs) would be allowed to buy more shares of Maruti Suzuki but only after obtaining approval from the central bank. - FIIs net sellers Rs 51cr in F&O on Monday - DIIs net buyers of Rs 2,330 cr in cash mkt today - FIIs net sellers Rs 598cr in F&O on Thursday - Exploit low volatility in range-trading market - Insurers may invest Rs 40k cr in equity mkts - FIIs infuse Rs 24,800 cr in Dec quarter "...Purchases of equity shares (by FIIs) in the primary or secondary markets of this company (Maruti) would be allowed only after obtaining prior approval of the Reserve Bank of India," the RBI said in a release. The apex bank added that the aggregate net purchases of equity shares in Maruti Suzuki by FIIs under Portfolio Investment Scheme have reached the trigger limit of their paid up capital.


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