The government’s directive to companies both in the public and private sector to increase the shareholding in all listed companies to 25 per cent will mean garnering Rs 1,60,000 crore from the market.

Oil and petrochemicals major Reliance Industries Ltd (RIL) may be planning a major expansion of its petrochemical capacity to make plastics, rubber and other chemicals.

The demand for raising prices of petroleum products by the oil refining companies and the oil and gas ministry has been growing louder since the government made quite a hefty hike in the natural gas prices.

Master gangster Chhota Rajan’s henchman Farid Tanasha was shot dead at his residence and the investigating agency is of the opinion that there are three viable possibilities. It could be the handiwork of Rajan himself or it could be Bharat Nepali, a lieutenant of Rajan who turned renegade. The third alternative is that it could be the work of rival gangster Chhota Shakeel.

A key hawala operator allegedly involved in the multi-crore illegal investment and money laundering case against former Jharkhand chief minister Madhu Koda was on Thursday detained at the international airport here.

Buoyed by the rise in US markets on strong home and auto sales the Asian and Indian markets soared on Thursday. The Nifty regained the 5,100 mark to close at 5,110.50 up 90.65 points whilst the Sensex was up 280.49 points at 17,022.33.

If you are an investor, it may be a good time to relook at the stock market again. India Inc has registered robust growth for the just concluded March quarter. The momentum is expected to continue over the next couple of years.

Farid Tanasha (37), a henchman of Chhota Rajan, was shot dead at his residence in Tilak Nagar at Chembur by half a dozen assailants on Wednesday night. Tanasha was not only a key Rajan aide in Mumbai but also a top informer for the Intelligence Bureau and the Crime Branch.

Wind energy major Suzlon, which slipped in the red during FY10 is likely to see tough times persist for a while, say analysts tracking the company.
Alternative energy has been one of the big casualties of the recession as companies globally cut spending on this front during the crunch.

The BSE Sensex briefly fell to 16,400 on Tuesday as the stock price of Reliance Industries — the biggest company on the index — plunged to Rs 840.55 a share or a fall of almost 20 per cent. RIL’s stock, and the index, recovered almost immediately. It turned out to be a ‘freak trade’. It seems that instead of Rs 1,040.55 a share, the trader punched in Rs 840.55. There is a possibility that the trader punched in the price for ICICI Bank by mistake.