The bank said that it sold its entire holding of 145.3 million shares, or 9.85 per cent stake, in HDFC through the National Stock Exchange at Rs 657.56 per share.

Citigroup is looking to raise up to $2 billion by selling its entire 9.8 per cent stake in Housing Development Finance Corporation. This would be the second stake sale by foreign funds in the mortgage lender during this month.

Here are forms of accounting frauds and signs that may alert you to wrongdoing.

Stepping up vigilance is the only way you can protect yourself from stock market scams.

The country's largest lender SBI was the top loser from the Sensex pack, falling 7.91 per cent on reports that the bank has committed to provide loan of around Rs 1,200 crore to the debt laden Kingfisher Airlines.

The IPO will close on February 24 and its price band has been fixed in the range of Rs 860 to Rs 1,032 per share, with a face value of Rs 10 each.

If Mulayam Singh Yadav's Samajwadi Party, with Congress support, manages to upset BSP supremo Mayawati's 'elephantine ambitions', businesses aligned to the major contenders will also see a change in their fortunes.

The BSE Sensex on Wednesday regained the 18,000 level after over six months by adding 354 points on sustained buying by funds amid hopes that easing inflation will lead to low interest rate regime, and a firm trend in global markets.

The BSE benchmark Sensex continued its rally for the sixth consecutive week by gaining another 144 points on strong buying in select counters driven by persistent capital inflows from foreign funds despite disappointing industrial production data for December.

After dull trading, the Bombay Stock Exchange Sensex spurted in late buying to close with gains for the second successive day on Thursday.

Singapore government's investment armTemasek Holdings' unit Allamanda Investments on Wednesday sold shares worth $300million (about Rs 1,500 crore) in India's largest private sector lender ICICIBank.

Manappuram Finance's filing comes a day after the central bank cautioned it against accepting public deposits as the firm has converted to a non-deposit NBFC.

Shares of the company plunged 15.83 per cent on the Bombay Stock Exchange at 1.24 pm, trading at Rs 47.85. On the National Stock Exchange, shared were down 15.07 per cent at Rs 47.90

Tokyo's Nikkei 225 rose 0.8 per cent to 8,881.27 while Hong Kong's Hang Seng gained 1.2 per cent to 20,585.44 and Seoul's Kospi added 1.4 per cent to 1,985.82.

The bankers have kept the option open for the airline to be classified as NPA as it had committed to pay a higher amount, which has not been disclosed.

While ICICI Bank surprised investors with better-than-expected data on bad loan exposure during the December quarter, analysts cautioned that things could get worse going forward.

The BSE Sensex rose 330 points on Tuesday, regaining much of the lost ground of the previous session, on buying in blue chips such as Reliance Industries and SBI on increased FII inflows and a firm global trend.

There is not only a \"social\"  case to be made for adopting the not-for-profit enterprise like practices, but there is also a perfect \"business\" case to be made for modesty. This is even more true when you do business with the poor.

Losses began earlier in Asia, with the investment mood dampened by Friday's release of data showing the US economy grew more slowly than expected in the last three months of 2011.

Japan's Nikkei 225 index fell 0.7 per cent to 8,781.92. South Korea's Kospi was 0.7 per cent lower at 1,951.23 and Hong Kong's Hang Seng dropped 0.5 per cent to 10,394.33. Australia's S&P/ASX 200 lost 0.3 per cent at 4,274.70.