The success of the auction may not be more than a little step in Pearls Agrotech Corp's recovery process of over a Rs 49,100 crore plus interest
Several promoters of suspended companies have floated new entities or taken board seats in other listed companies, which are functional, trading
Central KYC not in sync with Sebi's KRA system; regulator writes to finance ministry
They are small town boys who went on to make it big in global financial powerhouses.
Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
In India, bond yields have fallen nearly 70 basis points in the last one year.
In eight cases, the banks would violate the minimum public shareholding norms if their promoter, the Government of India, infused capital as announced.
The Mumbai-based brokerage has constructed India Family Firm Index out of listed companies.
'The IPO window has been more or less open since the new government in 2014.'
Global growth expectations have slumped to a five-month low.
Bank CFOs may meet next week to discuss minimum public shareholding and takeover rule issues.
They took investor money via IPOs and then disappeared.
Shares of most European banks are down significantly.
Typically these are high-beta stocks and earnings are volatile
Promoter says he sold a third of his firm to deliver Rs 251 handset.
Property sold via HDFC Realty for Rs 58 cr; 60 properties on sale via e-auction
National auditor says a significant part of NPAs was due to fraud and may never be recovered
'Overall, the Indian economy is doing well.' 'Our economic fundamentals are strong and the early signs of recovery are sustainable.' 'This is positive for the market in the long run.'
Reason for rejection hasn't been stated; deal among seven rejected transactions.