Libyan Investment Authority, a sovereign fund controlled by Gaddafi, had invested $29.6 million in the ICICI Bank ADRs, the US-listed securities of India's largest private sector bank.

Reliance Communications draws the third and final tranche of Rs 1,200 crorefrom the Rs 8,700 crore loan facility it secured from China Development Bank.

The 100-year old TVS group with a unique achievement - it has never faced a serious labour problem. The first company of the group, TVS & Sons, set up in 1911, has a strike-free record. So do the other 30-odd companies.

The 30-share Bombay Stock Exchange barometer, which shed 186.25 points in the previous session, fell further by 207.68 points to 18,137.35 on Tuesday.

Edgy investors abandoned the company's counter on BSE where the stock dropped 14.27 per cent to touch a new low of Rs 284. On NSE, the stock fell to Rs 285  apiece.

Sustained selling drive by the FII and an aggressive interest rate hike by the RBI coupled with worries over corporate profit pulled down theBSE benchmark Sensex by another 617 points during the week.

The company had posted a net profit of Rs 41.3 crore for the same period last year.

SKS Microfinance nosedived by nearly 20 per cent to hit the lower circuit limit on BSE today amid reports that global financial services firm J P Morgan has cut its share price target by more than half.

Wiping out its initial gains, shares of gold finance company Muthoot Finance on Friday closed at Rs 172.60 on NSE, lower by 1.37 per cent over the issue price.

The shares of Karur Vysya Bank were down slightly in the noon trade on Wednesday, in line with the broader markets.

The initial public offer (IPO) of the country's largest gold financing company Muthoot Finance saw huge response from investors and got over subscribed 22.20 times till 16:00 hrs on the final day of the issue on Thursday.

The initial public offer (IPO) of the country's largest gold financing company Muthoot Finance saw huge response from investors and got over subscribed 22.20 times till 16:00 hrs on the final day of the issue on Thursday.

M&As may appear to throw up attractive investment options. However, there are dangers and only a long-term investor may stand to gain.

Mirroring a strong investorappetite, the initial public offer of country's largestgold financing company got over subscribed11.02 times on the third day of issue on Wednesday.

In choppy trading, the Bombay Stock Exchange benchmark Sensex on Tuesday gained about 30 points on selective buying to close at 19,121.83, although investor sentiment remained under pressure on weak Asian trend.

The MFL offering opens for subscription on Monday and closes on Thursday (April 21). The issue, priced in the range of Rs 160-175 per share, aims at raising about Rs 900 crore.

The Rs 901-crore IPO, opening on April 18, would close on April 20 for qualified institutional buyers (QIBs) and on April 21 for retail and non-institutional investors.

Under the deal, the company will offer IT services to support the client's banking and investment management business, and generate about $10-15 million annual revenue.

Ambani may get a total of over Rs 1 crore of annual compensation in cash and stocks, going by the bank's director compensation policy.

Private equity investments in the reviewed quarter were about 57 per cent higher than the $2.1 billion worth registered in the year ago period, according to Venture Intelligence.