• On 2^nd June, Blue Dart Express told the exchanges that it is “unaware” of any move by DHL Express to make an open offer to Blue Dart shareholders. The language of the denial indicates that the report is not necessarily incorrect.
• On 5^th June, Deepak Fertilisers reacted to a report that it plans to “foray into contract mining as a part of a strategic growth initiative” by claiming...

Wherever an economy is buzzing, Wall Street cannot be far behind. Intrepid portfolio investors are keen to move into Africa too, especially because the assumption is that African markets are less correlated with the Western markets. In dollar terms, Ghana’s stock market has delivered a return of 40% so far this year. This was mainly because of an appreciating currency and the soaring value of...

The Reserve Bank of India’s 24th June hike in CRR and repo rates will deal a blow to the realty sector and, hopefully, force a swift reality check. It has long been evident that the realty bubble was set to burst -- property prices and rentals had soared to a level where business was turning unviable. Several mid-level restaurants in Mumbai had to shut shop when their lease came up for renewal...