Japanese financial services giant Nippon will hike its stake in India's top fund house Reliance Mutual Fund from 26% to 49%, while investing Rs. 657 crore for the first tranche of 9%.
The rupee closed marginally stronger on Wednesday after being held in a tight range as dollar inflows into the domestic share markets were offset by demand for the greenback from importers looking to meet month-end commitments.
The benchmark Sensex on Wednesday recovered by 48 points to end at 28,386.19 on smart rise in bluechips, including ITC and HDFC, coupled with a spurt in realty shares, led by DLF, after government hiked floor area ratio in Delhi.
Chinese e-commerce giant Alibaba's founder and executive chairman Jack Ma Wednesday said he wanted to invest more in India.
Microblogging service Twitter, which has emerged as the prime internet platform for politicians, policymakers and journalists across the world to break, share and discuss news and build public opinion, is ready with new innovations that will help instant polls and easy reading of linked content.
The Reserve Bank of India on Tuesday warned of an uneven sharing of risks and returns in large Indian companies where promoters retain the upside in good times and have limited accountability in times of crisis.