Sks Microfinance

10 things you need to know before the opening bell

A quick look at global cues and stocks in the news ahead of the markets opening today.

SKS Microfinance was supposed to be finished, but it's still here

A company which had earlier seen an almost perfect payback rate began to stumble as a result of non-payment of dues by borrowers, egged on by local politicians. Two years later, the company has come a full circle.

Sensex surges 176 points, breaches 19,000 mark; Rupee down

The Indian equity markets surged and closed 176 points higher after a sluggish few days. Sensex closed at 19041, up 0.93 percent and the Nifty closed at 5748, up 0.77 percent nudged by global cues.

Sensex hits four-month low; ICICI Bank, SBI drag

It was a flat close for Indian equity markets today as Sensex closed 55 points down on global cues. Sensex closed at 18737.75, down0.29 percent and the Nifty closed at 5651.35, down, 0.13 percent

SKS Microfinance shareholder alleges irregularities in AGM

SKS Trust Advisors, one of the largest shareholders of SKS Mircofinance, today asked market regulator Sebi to recount votes cast at the micro-lender's annual general meeting, alleging irregularities with regard to proxy votes.

Akula eyes comeback but SKS says shareholders can't nominate directors

With its ousted founder Vikram Akula attempting to script a comeback, SKS Microfinance today said none of its shareholders have any right to nominate a director on the company board.

Vikram Akula may be readying for long battle to return to SKS

With SKS Trusts demanding a board membership for Vikram Akula, will the erstwhile poster boy of microfinance in India return to the top post at the lender?

FIIs up stake in SKS Microfinance to record high of 32%

Turning bullish on the country's only listed microfinance company, foreign investors have hiked their stake in SKS Microfinance to an all-time high of 31.77 percent in the July-September quarter.

SKS Microfinance tanks 5% on Rs 342 cr service tax notice

The company last week received a notice for Rs34.25 crore dues from the tax authorities over categorisation of some of its loans.SKS has 30 days to respond.

After RBS, Morgan Stanley buys SKS shares for over Rs 54 cr

Morgan Stanley Asia (Singapore) Pte bought 45 lakh shares of the Hyderabad-based microfinance player from Deutsche Securities Mauritius. The shares were purchased on average price of Rs 121 apiece, valuing the deal to Rs 54.45 crore.