Moneycontrol Selects: Top stories this evening

A round-up of the big stories

Here is a collection of the most important stories this evening:

Asset management company, Quantum Mutual Fund, has voted against the proposed merger of ICICI Bank and ICICI Securities (ISEC) saying that the move would be detrimental to the interests of the fund house’s unitholders. Quantum Long Term Equity Value Fund and Quantum ELSS Tax Saver Fund owns shares in ICICI Bank and ICICI Securities. Read more

Poland said Sunday that it would demand an explanation from Moscow after a Russian cruise missile fired at towns in western Ukraine breached Polish airspace overnight. Poland said the missile was part of a Russian bombardment of targets in Ukraine as Moscow steps up its attacks on its western neighbour.  Read more

Bharat Biotech International Ltd on Sunday said it started clinical trials of the Tuberculosis vaccine Mtbvac on adults in India. This is the first vaccine against Tuberculosis derived from a human source by the Spanish biopharmaceutical company, Biofabri, a press release from Bharat Biotech said.  Read more

Top stories this evening

The sharp selloff in the broader markets has created an opportunity for investors looking for high dividend yielding stocks. This list has smallcap stocks which have fallen sharply in the past month and offer a dividend yield higher than 4 percent. Read more

FPIs have shown a significant resurgence in their investment activity within the Indian equity markets this month, injecting over Rs 38,000 crore, mainly driven by favourable shifts in the global economic scenario and strong domestic macroeconomic outlook.   Read more

The combined market valuation of five of the 10 most valued firms eroded by Rs 1,97,958.56 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit amid volatile trends in equities.  Last week, the BSE benchmark climbed 188.51 points or 0.25 percent.  Read more

The Janata Dal (United), an ally of the National Democratic Alliance (NDA), has announced a list of 16 candidates for Bihar, in accordance with the seat-sharing agreement within the alliance. The party has once again fielded Rajiv Ranjan, alias Lalan Singh, from the Munger seat, while Lovely Anand got a ticket from Sheohar. Read more