Foreign fund house Morgan Stanley Asia (Singapore) on Wednesday acquired 45 lakh shares of SKS Microfinance for over Rs 54 crore through open market transactions.

The Securities and Exchange Board of India (Sebi) has allowed companies to get help from private equities (PEs) and other funds to meet share lockin requirements.

SKS's reported networth of Rs 435 crore as of March 31, 2012 would increase to Rs 700 crore (approximate) after the QIP and proposed preferential allotment, the company said.

The Intelligence Bureau submits a report to the topmost echelons of the government that suggests Ketan Parekh and his associates are driving up share prices through the creation of false volumes.

Retail in India is a complex business, where a stockpile of cash is a big advantage. A new store takes time to stabilise and break even, so companies must balance the number of stable, profit-making stores and new ones. A fat pile of cash can make the ride shorter and smoother.

According to a survey by consultancy firm Knight Frank, FDI in real estate declined by 92 per cent and its share in total FDI shrunk from 16.83 per cent in April 2009 to 1.94 per cent December 2011.

Ramakrishnan also wins the Best Transformation Agent (Large Companies) award in the Business Today-YES Bank survey, for his innovation and agility to drive the company across tough terrain. Full coverage

Infrastructure Development Finance Company has made a habit of riding turbulence out. The company that came out unscathed from the global financial meltdown is now cowering before old enemies.Despite doing everything right, IDFC faces some of its toughest challenges.

Two SEBI decisions will help listed companies, private and state-owned, meet minimum public shareholding norms.

SKS Microfinance, the only listedmicro lender, on Wednesday said it would raise Rs 500 crore through qualifiedinstitutional placement (QIP) route in the current fiscal.

Tycoon Vijay Mallya's cash-strapped and bleeding private carrier Kingfisher Airlines urgently requires about $400 million to survive and keep flying.

The obvious reason for the huge losses is the provisioning and write-offs, apparently on account of its portfolio in Andhra, where both collections and loan disbursements have almost come to a halt after the clampdown by the state government. 

Country's largest micro finance company SKS Microfinance on Wednesday said it will raise up to Rs 900 crore through issue of shares to institutional investors.

Sale of shares through QIP route, which allows listed companies to issue shares to institutional investors, seems to have lost the favour of the market, as the first nine months of this year have seen an 83 per cent decline in raising of such funds.

During June 2011, Rs 1,195.6 crore was mobilised in the primary market through seven issues, compared to Rs 4,781.1 crore mobilised through five issues in May 2011.

SKS' total income declined by 43.7 per cent to Rs 176.7 crore for the quarter ended June 30, as against Rs 313.6 crore in the corresponding period last year.

Even as you delve into this BT collector's edition on 100-year-old companies, doff your hat to M.F. Husain, 95, who passed away on June 9, leaving behind a rich artistic legacy.

About 100 Indian companies which took the FCCB route aggressively during the 2006/2008 bull run to raise funds, now find it is payback time - bonds worth Rs 31,500 crore are coming up for redemption within the next 24 months. Stock prices of many of the issuers are far below their conversion prices.

The telecom scam has immeasurably dented the image of the company and the promoters. Stumbling in and out of crises over the past few years, the real estate major faces its biggest challenge as MD Sanjay Chandra is arrested in the 2G scam.

Reacting positively to the move, the company's counter on the Bombay Stock Exchange (BSE) zoomed up 19.83 per cent to hit the upper limit of Rs 28.40 in early trade.