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Popular Articles

SEBI has greater powers than US SEC
Every time there is a major regulatory development in the United States, the Indian media goes into paroxysms. Whet-her they are convulsions of delight or despair is dictated by the context of what has happened in the US.

Borders closed, options open
Spot the odd one out: ICBC, CCB, HSBC, BOC. The four big banks operating in China may have similar sounding initialisms, but one of them – HSBC – isn’t Chinese at all. The UK-based lender, listed in London and Hong Kong, sees itself as stateless. But its national agnosticism may be getting harder to sustain.

News of the day

Hyundai Motor December sales up 22%
Hyundai Motor India Ltd, the country’s second largest car manufacturer and the largest passenger car exporter ended the year on a high note with domestic sales growing by 42.6 per cent while exports grew by 9 per cent, said a company press release. Cumulative growth stood at 22.6 per cent for the month ending December, 2009.
Business Ideas

Provogue India to buy back shares worth Rs 50 cr

Garments maker Provogue India today said it will buy back shares worth Rs 50 crore from its shareholders through open market route. - Sensex dips below 15K - Airlines stocks in red on ATF price hike - Markets extend losses - MIC Electronics to raise Rs 218 cr via warrants, GDRs - Reliance tops combined value chart - Elantas Beck soars on delisting move "The directors have approved to repurchase 50 lakh shares at Rs 100 a piece, aggregating to Rs 50 crore," Provogue India said in a filing to the Bombay Stock Exchange. The buy-back is subject to necessary regulatory approvals, the filing added. Shares of Provogue India were trading at Rs 66.50 on the BSE, up 1.99 per cent from previous close.


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