Markets settle lower on profit-booking, but gains most in six weeks

The market breadth, indicating the overall health of the market, turned negative from positive The benchmark indices on Friday settled lower as investors booked profits in index heavyweights such......

Reliance forays into Kenya realty market

With real estate in East Africa fast emerging as a big opportunity, Reliance Industries, in a joint venture with Delta Corp, has purchased land worth Rs 200 crore (Rs 2 billion) in Kenya for......

M&As become big for PE-backed firms

Consolidation seems to the key word among private equity (PE) backed companies. In the first few months of 2011, about 20 merger & acquisition (M&A) deals worth $150 million took place.Last year,......

Markets end higher amid volatility; IT shares shine, banks slide

Financials ended lower on profit booking while IT shares ended firm. Markets gained for the third straight day amid rangebound trade as gains in IT shares helped offset losses in select blue chip......