Following are the links to the ten most read stories on the Business Standard website in the last seven days:-
Sebi changes tack, says 'options open' on short sales ban
In a key change in its stance, the Securities and Exchange Board of India (Sebi) said it is keeping its options open on banning short sales, which a section of brokers believes are responsible for the collapsing stock market. The benchmark Bombay Stock Exchange Sensex fell below 10,000 Friday, the first time since July 2006...More
HDFC Bank overtakes ICICI in m-cap race
HDFC Bank, India’s second-largest private bank, has overtaken ICICI Bank, the largest private player, in terms of market capitalisation to top the rankings among private banks...More
Mayhem on Dalal St... Sensex bleeds nearly 1,100pts
The Sensex slumped to a low of 8,567 - down 1,205 points from the previous close - towards the fag end of the day. The index finally ended with a hefty loss of 11% (1,071 points) at 8,701 - its third worst single-day loss percentage loss ever...More
Norway fund to invest $2 bn in Indian stocks
Even as foreign institutional investors rapidly pull out their money from Dalal Street, Norway’s sovereign wealth fund, the world’s second largest, is set to invest $2 billion in Indian stocks...More
Airlines need to cut fleet, more jobs to stay airborne
Jet Airways’ aborted plan to cut 1,900 staff partially reflected the crisis in the aviation industry. Analysis by Business Standard shows that Indian carriers will need to cut their domestic fleet and manpower by a fifth in the next few months to fully align themselves with the slowdown in passenger growth...More
IFCI makes Rs 120 cr loss on Hindalco, Tata rights issues
With aluminium major Hindalco’s rights issue devolving last week and domestic automobile major Tata Motors expected to do so, IFCI, India’s oldest financial institution, will take a blow of over Rs 120 crore from sub-underwriting both issues...More
Now, RBI cuts repo rate to ease liquidity
Most bankers indicated that they may lower deposit and lending rates after the Reserve Bank of India (RBI) today signalled an end to the tight monetary policy regime by cutting the repo rate, or the rate at which it lends to banks, by 100 basis points to 8 per cent...More
Star Group issues notice to Balaji Telefilms
SGL Entertainment, a part of the Star Group, has issued a notice to Balaji Telefilms for termination of sourcing content and telecasting of one of Balaji's top rated weekly serials aired on Star Plus...More
Nifty likely to decline to 2,930
Relentless selling in index heavyweights saw the Sensex dropping for the fourth straight week. The selling pressure was so intense, especially on Friday, that the index tumbled below the major psychological 10,000 mark to a low of 9,911 and ended the day with a loss of 5.2 per cent (553 points) at 9,975...More
Debt-ridden developers face downgrade
Overleveraged realty firms now face the threat of fresh downgrades as slowdown has locked up cash in projects and financial institutions have turned wary of lending to developers...More
