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Canadian fund picks 3.24% in Kotak Mahindra Bank

Rs 880 was paid per share against the prevailing price of Rs 850-855 at the exchanges

Fiscal deficit narrowed to 4.47% of GDP in FY14

The deficit had stood at 4.9 per cent in 2012-13

M&M posts flat net at Rs 897cr

Net sales of the company rose 5% to Rs 11,000 c

L&T's Q4 net profit way ahead of Street estimates

MCX net profit down 43% in Q4

Raghav Bahl bids adieu to Network18

The exit was anticipated after RIL acquired control of Network18 in a Rs 4,000 crore deal

Tax dispute: Vodafone sends conciliatory signals

Company is now trying to initiate dialogue with the Narendra Modi-led government

Per capita income up a tad in FY14

Forex reserves fall

Foreign currency assets, a key component of reserves fell by $ 2.26 billion to $ 285.56 billion

Madhu Kapur moves HC

The bank has proposed re-appointment of the above mentioned officials during its annual general meeting to be held on June 14

Syndicate Bank raises $400 mn

The total orderbook of the Offering was in excess of $3 billion and was oversubscribed 8 times

YES Bank gets $500 mn via QIP

The bank issued 5.35 cr shares at Rs 550 per share which was at a premium to Thursday's close of Rs 548.15

ICICI Bank raises $250 million

The bonds maturing in May 2019 were priced at 5-year US treasury plus 185 basis points.

Jaya to meet Modi on June 3

TN chief minister to submit a memorandum highlighting various issues related to state

Govt begins spadework for unbundling FCI

Three separate entities will be created to focus on procurement, storage and distribution; move expected to stem inflation

Finance ministry, RBI on track to fight inflation together

The RBI governor is expected to keep the repo rate unchanged for the second consecutive policy review

Instant messaging app Hike gets 1.5 cr users in 9-months

Company is a joint venture between Sunil Mittal led Bharati Enterprises and Japanese company Soft Bank

Zydus Cadila voluntarily recalls allergy drug in the US

FDA calls it Class II recall; 10,200 bottles to be recalled nationwide

MSCI rejig impacts blue-chip share prices

Weightage of FMCG major Hindustan Unilever will go up 0.5% on MSCI Index, while that of HDFC Bank will drop by 3.7%

NMDC net up 34%

The company's turnover during the period increased by 21% to Rs 3,884 cro