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Crime and punishment
SEC fines: Is the new cop on the US securities beat armed with a pea shooter? The size of the penalties meted out by boss Mary Schapiro’s team at the Securities and Exchange Commission makes it appear so. Schapiro should be applauded for cranking up the agency’s notoriously lax enforcement efforts. But letting companies off the hook so easily could undermine her new get-tough policy.

Markets likely to be volatile in Nov: analysts
After a below par performance in the last two weeks, analysts are predicting another month of volatility for the Indian bourses, despite their firm belief in its long-term potential.

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Lacklustre trade continues
The Sensex is trading at 17,398 - up 38 points.
Online Business

Kirloskar Bros raises stake in four firms

Pump manufacturer Kirloskar Brothers today said it has acquired controlling stakes in four companies. - Shoppers Stop gets board"s nod for raising funds - Glenmark Generics gets US FDA nod for Ciclopirox Olamine - Shoppers Stop gets board"s nod for raising funds - WEEKLY UPDATE: Markets make a strong statement on positive cues - Pramod Jain sees huge value in Golden Tobacco property - FII-TO-FII TRADES: PNB traded at 6% premium "The company has acquired additional shares of four firms and the company has become the holding company of these companies," Kirloskar Brothers said in a filing to the Bombay Stock Exchange. Kirloskar Brothers has acquired 66 per cent stake in Kirloskar Corrocost, a company engaged in supply and application of anti-corrosive material. It has increased holding in Quadromatic Engineering, a manufacturer of parts of gas compressor and hydraulic products, to 90.38 per cent, the filing added.


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