Five years into business, Axis Private Equity is set to exit from its past investments, and pay back its investors with an eye to keep the relationships intact. According to officials, the venture capital arm of banking major Axis, is already engaged in talks with potential buyers eyeing exit from three of its investments this year.

Axis PE in talks to sell stake in 3 portfolios

Business Standard

The global equity markets will remain subdued unless governments in the US and Europe take strong measures to stimulate growth and solve the financial crisis. As the world stares at a slowdown in growth, the Indian market would continue to be volatile and move in tandem with the global markets, says Jyoti Vaswani, CIO &amp; Director, Fund Management, Aviva India, in an interview with Puneet Wadhwa.

Market voice: Jyoti Vaswani, Aviva India

The Securities and Appellate Tribunal (SAT), while accepting the agreement between the Securities and Exchange Board of India (Sebi) and Vaswani Industries, has directed the company to complete the process within 60 days.

SAT gives Vaswani a window of 60 days

Markets may open on a soft note following subdued cues in Asia as investors averted from taking bold positions ahead United States Federal Reserve Speech.

Pre-market: Quiet opening on cards

Earlier this month, Coal India had replaced another Reliance ADA firm Reliance Infrastructure from BSE Sensex.

Coal India gains on entry into NSE Nifty index

Tree House Education and Accessories has debuted at Rs 132, a 2% discount to its issue price of Rs 135 a share, on the National Stock Exchnage (NSE). The stock is trading at Rs 136.85 after hitting a high of Rs 139.60 and a low of Rs 127.25. A combined 3.7 million shares have changed hands on the counter in morning deals.

Tree House Education debuts at discount on NSE

Shares of educational services provider Tree House Education &amp; Accessories made a poor debut on the bourses today, falling below their issue price of Rs 135 within minutes of the opening bell, but soon regained the lost ground to trade 14% higher.

Tree House rallies 14% after initial scare

Press Trust of India

Kingfisher Airlines is trading lower by 2.2% at Rs 24 after the board of directors approved raising up to Rs 2,000 crore through a rights issue.

Kingfisher Airlines falls post rights issue announcement

Amtek Auto has moved higher by 5% at Rs 144 after its board of directors approved buyback of the company's own equity shares from open market through stock exchanges at a price not exceeding Rs 200 a share.

Amtek Auto rises on board nod for share buyback

The markets slipped 2% as investors turned cautious and booked profits ahead of Ben Bernanke&rsquo;s speech later in the day, heavy selling in realty and metal shares also weighed.

Markets slip in late trades, Sensex down 300 pts

A meltdown in the stock market, which continued for third consecutive day today, has wiped off over Rs 2.5 lakh crore from investors' wealth, as shares of even large industrial groups came under pressure.

Investors lose Rs 2.5 lakh cr in three days

Upholding a Sebi order in connection with alleged irregularities in Vaswani Industries IPO, the Securities Appellate Tribunal (SAT) has directed the company to give withdrawal option to retail investors.

Give exit option to retail investors, SAT tells Vaswani

The government today said market regulator Sebi has examined shares of 213 companies in the past 29 months to investigate instances of price rigging and insider trading.

Sebi probed 213 scrips to check price rigging, insider trading

The Indian benchmark indices ended on a negative note on Friday, extending its losing streak to the fifth week. Market players said investors remained wary of taking fresh positions ahead of a crucial speech by US Federal Reserve Chairman Ben Bernanke. Analysts globally were awaiting clarity from the Fed on a fresh stimulus package for the ailing US economy.

Indices lose ground ahead of Fed meet

US stocks surged, reversing a 221-point loss in the Dow Jones Industrial Average, as Federal Reserve Chairman Ben S Bernanke indicated the economy isn&rsquo;t deteriorating enough to warrant any immediate stimulus. treasuries trimmed gains and the dollar swung to a loss.

US stocks gain after Bernanke's speech 

Bombay Stock Exchange (BSE) is mobilising the small and medium enterprises (SMEs) in India for its SME Exchange, which is awaiting the final approval of market regulator Securities and Exchange Board of India (SEBI).

BSE mobilising SMEs for Exchange

Trades between FIIs generated a volume of Rs 33 crore on the BSE Friday-an increase of 59.64% from Rs 21 crore clocked on Thursday. As many as seven stocks witnessed trades of 10 lakh shares on Friday.

FII-TO-FII: Grasim Ind traded at 7% premium

Meanwhile, Infosys gained 1.5% at $48.41. Genpact added 1% to $15.88. Sterlite, Wipro and ICICI Bank advanced marginally as well.

Indian ADRs end mixed

The Foreign Institutional Investors (FIIs) were net buyers of Rs 1,766.62 crore in futures and options segments on Friday.

FIIs net buyers Rs 1,767cr in F&O on Friday

Markets declined 2% this week to 19-month lows as selling continued by foreign institutional investors over concerns that high inflation may prompt further tightening.

Weekly Review: Market slip 2%, rate sensitives weigh

The combined market capitalisation (m-cap) of seven of the country's top-10 firms declined by Rs 49,487.59 crore last week, while state-owned ONGC grabbing the top slot as the most valued firm toppling Reliance Industries.

M-cap of top-7 cos falls, ONGC is most valued firm

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