After Sun Pharma stock crashes, its co-promoter may leave Jaypee Infra race
Suraksha Asset Reconstruction, owned by Sudhir Valia, a co-promoter of Sun Pharmaceutical Industries, is likely to drop out of the race for Jaypee Infratech, according to sources. Suraksha was planning to make a bid for Jaypee in a tie-up with Dosti Realty, a Mumbai-based real estate developer. Read on...
RBI reluctant to change FPI portfolio limits introduced last year
The Reserve Bank of India (RBI) is reluctant to relax portfolio-level limits it introduced for foreign portfolio investors (FPIs) last year. In a meeting with about 50 FPIs and a