According to sources close to the development, finance secretary Ashok Chawla, who is driving the process, is working on a concept note to provide the framework for consolidation.
It would be incorrect to assume that the markets are cheaper when the Sensex is at 15,000 or that they are more expensive when it is at 20,000.
The idea of the MRP is becoming less relevant and should be replaced by portfolio pricing.
The Securities and Exchange Board of India is now planning to enable investors to buy and sell mutual fund units through stock exchanges. Fund houses will also be allowed to sell new fund offers (NFOs) through exchanges, helping them to save on distribution costs.
Customers have never had more choice; the more you talk the less you pay.
Acquiring Maytas Infrastructure could be his chance to show his organisation's ability to think big.
Some serious cost-cutting has resulted in significantly lower losses at JLR.
Revenue-share deals instead of fixed rentals will give retailers a better shot at profitability only over the long run.
This is in addition to the $3 billion (around Rs 15,000 crore) infrastructure fund being set up in association with the Macquarie group and International Finance Corporation. Though SBI would be a late entrant to the private equity space, Bhatt was confident that it would not be a deterrent.
One indication of this was the fact that many large bond buyers stayed away from the Rs 12,000 crore auction conducted on August 7.
It's also true that the traffic estimates for the sea link were made quite a few years back after which a good many offices have shifted from the central business district to the western suburbs because rents had become simply unaffordable.
Indian equity is clearly back in favour with overseas investors, and the consensus among investment bankers is that the election results have made all the difference.
After bidding adieu to his technology firm, this ex-Citibanker-turned-poet is now indulging in his latest passion of providing affordable housing for the masses.
The higher MAT and confusion over whether its gas is eligible for a tax holiday have hurt the stock.
The feeling was that the higher levy would prompt the company to increase prices in the process hurting volumes. But the unchanged central excise duty, analysts say, outweighs the VAT increases in Maharashtra and Delhi. As a result, estimates for the current year have been upped with expectations that the company could grow its top line by as much as 13-14 per cent driven by a 6-7 per cent rise in volumes.
It's wonderful that Jerry Rao is planning to build houses that cost Rs 700,000 or less. The former Citibanker's model is simple enough: land is bought with the equity capital while construction is financed through bank loans at market-related rates currently anywhere between 11 and 13 per cent.
The Mahindra Holidays initial public offer --the third public float in the current year and the single largest issue over the last 12 months--was subscribed 11 times and four companies raised an estimated Rs 4,000 crore yesterday through QIPs. This came after realtor Unitech's announcement on Friday that it has raised over Rs 2,700 crore via a QIP at Rs 81 a share.
The company has been doing well -- it gained market share in both the soaps and hair colour categories in the March 2009 quarter, which pushed up revenues by 26 per cent. Even after that soaps continue to do well as does the hair colour segment where the company is understood to have added market share in April and May. The Street probably also has high expectations of the new managing director.
The quality of the bank's loan book, which has perhaps grown far too fast, is a cause for concern. When the bank announced its annual results the number talked about was a reasonable Rs 8,000 crore. Now it appears that the standard loans restructured amount to nearly Rs 13,000 crore and taken together with pending applications is closer to Rs 21,600 crore or about 4 per cent of the loan book.
CitiFinancial, Citibank India's non-banking finance arm, has reduced its asset book by one-third and its branch network by a quarter of the year-ago level as part of a restructuring exercise, Citi CEO for South Asia Mark T Robinson told Business Standard.
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