Markets Nosedive

A broker works while sitting in front of a screen displaying live stock quotes on the floor of a trading firm in Mumbai May 23, 2013. REUTERS/Vivek Prakash

Sensex loses 388 points, Nifty ends below 6,000 on Fed, China concerns

The Nifty posted its biggest percentage fall in a year on Thursday, as the prospect of an end to the U.S. stimulus programme and a weak China manufacturing survey sparked concerns foreign investors would end their recent buying spree.  Full Article 

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S.Africa's Sanlam raises stake in Shriram Transport Finance

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JOHANNESBURG | Thu Feb 21, 2013 5:39pm IST

JOHANNESBURG (Reuters) - South African insurance group Sanlam (SLMJ.J) has acquired a further 3.7 percent in Shriram Transport Finance (SRTR.NS) for nearly 1 billion rand, raising its stake to about 10 percent.

Sanlam already holds stakes in Chennai-based conglomerate Shriram Group's insurance businesses.

(Reporting by Helen Nyambura-Mwaura)
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