Markets - general
Tata Sons to sell 1.48% stake in TCS, raise Rs8,500 cr
13 Mar 2018
The money raised from the TCS stake sale will be used by Tata Sons to strengthen its balance sheet, pare debt in telecom units Tata Teleservices and Tata Teleservices (Maharashtra) and to shore up equity interest in key Tata Group companies
Sebi tells HDFC Bank to probe leakage of results on WhatsApp
24 Feb 2018
The case relates to sensitive financial details of HDFC Bank getting leaked on WhatsApp before their official announcement, which SEBI said was “attributable to the inadequacy of the processes / controls / systems”
Not LTCG, not US effect – it was simple market correction
19 Feb 2018
The tumble in the Indian bourses last week was widely blamed on the LTCG Tax or a downturn in US markets. But it was simply a case of an overheated market correcting itself – and good times are coming again, says Probir Roy