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Mandatory open offer for 100% stake in the works
Corporate acquisitions in India could become costlier, with market regulator Securities and Exchange Board of India (Sebi) mulling making it mandatory for acquirers to make an offer for up to 100 per cent stake in any listed company.

Markets to remain volatile, say analysts
Dalal Street is likely to remain volatile this week as negative global cues would act as a drag on the trading sentiment of investors, analysts say.

News of the day

Falcon Realty to provide flats at Rs 5.5 lakh in Patna
Falcon Realty today announced its plans to build eco-friendly housing projects at affordable prices starting from Rs 5.5 lakh in various cities of Bihar.
Corporate

US markets ends positive; Sterlite ADR zooms 6%

The Dow Jones Industrial Average ended flat at 10,466 and the Nasdaq Composite Index added 0.75% to 2,270, respectively. - Markets soar on global cues - US stocks rally on a surge in home sales - One is better than two, or three (344) - US stocks rise; Nasdaq at 15-month high - US markets edge up on quarterly nos - US markets slump; Wipro bucks trend The Indian ADRs ended on a positive note. Sterlite zoomed 6% to $ 18.19. Wipro advanced 4% to $22.71 and Tata Motors added 3% at $16.13, respectively. HDFC Bank advanced 3% to $130.2. Infosys and ICICI Bank were up 2% at $55.61 and $36.9, respectively.


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