Mumbai, Jan. 10: The stock markets tumbled today with the Bombay Stock Exchange benchmark sensex shedding nearly 288 points on selling pressure across counters. Amidst the downfall, the ICICI Bank share gained 3.53 per cent on the BSE on its plans to unlock value in its various subsidiaries. The 30-share BSE index closed at 20582,08, a net fall of 287.70 points, or 1.38 per cent. The National Stock Exchange index Nifty also tumbled by 115.05 points, or 1.83 per cent, to close at 6156.95 points.
New Delhi, Jan. 10: Unitech Ltd will raise up to $1.5 billion through qualified institutional placement (QIP) to fund its new and existing projects. The QIP issue will be completed between 7 and 10 days, the road show for which has already begun. The company has also received approval from the Singapore exchange to launch the initial public offering of its office trust in that country.
Washington, Jan. 10: Market regulator Sebi will increase its cooperation with the us Securities and Exchange Commission to ensure efficient and transparent market practices for investors.
New Delhi, Jan. 10: The finance ministry has asked the central ministries to ensure that 67 per cent of the outlays are spent in the first three quarters of the financial year.
