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Since April 1, promoters of Jaiprakash Associates have released more than 225 million Jaiprakash Power Ventures shares (valued at Rs 425 crore) pledged with lenders.
Equity markets are currently difficult to gauge as the market has probably priced in a lot of things ahead of actual events.
Having successfully implemented the 25 per cent free-float norm for private companies, the Securities and Exchange Board of India now wants the government to pare its holdings in public-sector undertakings to below 75 per cent.
The agreement says UB Group and Adventz will have the right of first refusal over each other's shares.
Chanda Kochhar, managing director of ICICI Bank, says the new government must take effective action bringing clarity around tax laws.
Instead of being carried away by Friday's historic election verdict, savvy investors were seen taking money off the table, after the benchmark Sensex rallied about 1,500 points in intra-day trade.
Sensex gains 2.4%, Nifty crosses 7,000; investors feel exit polls have vindicated their stand
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Revenue yield on every rupee of investment fell to Rs 1.06 in FY13 from Rs 1.20 in FY08.
The company needs Rs 2,000 crore more in 2 years to repay debt.
Current FDI norms allow a foreign airline to hold up to 49 per cent in a domestic carrier.
Looking to put money in aviation, infrastructure and also to reduce debt of group companies.
Adani Enterprises plans to invest a total of $25 billion in the next five years.
Could address the concerns over Companies Act provision on the issue
US-based Apollo Global has picked up stake in Indian firms which are not doing that well financially.
Going forward, Vinita Bali, outgoing MD, Britannia wants to do other things in life which she was unable to pursue.
The Aditya Birla group has slammed rating firm Moody's for placing Novelis, the group's aluminium products subsidiary, in line for a possible downgrade to default.
Institutional investors - both foreign and domestic - lapped up the government's big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.
Sources said many individual investors were interested in applying for the NFO, due to additional benefits being offered such as upfront discounts and loyalty bonuses.
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The ETF is expected to fetch the govt Rs 3,000 crore.
With Maruti Suzuki refusing to go back on the plan, these investors have approached the Securities and Exchange Board of India, which is examining the possibility of taking action under Section 11 of the Sebi Act.
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