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Friday, August 22, 2008

Equity Market News Today

  • Inflation for week-ended Aug 9 at 12.63% vs 12.44%
  • Oberois may dilute stake in EIH, Reliance leads the race to acquire entire 26% - BS
  • German fund buys stake in Phoenix Mills SPVs for Rs 1300 cr - ET
  • Vodafone seeks damages of Rs 1617 cr from Ruias for not transferring shares of BPL Mobile - ET
  • Future Groups PE arm plans to buy 40-50% stake in Blue Foods - ET
  • Balaji in talks with clutch of investors including ADAG for stake Star TV’s stake in co, ADAG denies any such plans - ET
  • Tata Motors may sell stake in group cos to raise funds - ET
  • Gujarat NRE's Australian mines hits environment hurdle - ET

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