The IPO boom in 2023 added four new promoters to the billionaires' list.
"We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources," says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an "AA" rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.
It's mid-morning and the two-kilometre stretch from Rashbehari Avenue to Gariahat Market is bustling with activity. Dotted with saree shops and hawker stalls that sell everything, from hairpins, hangers and towels to hosiery, mobile phone covers and kurtas, this is one of South Kolkata's busiest shopping areas. And it is beginning to wake up to the Paytm crisis.
These schemes are a good choice for investors contemplating a large investment in equity funds. Instead of investing all the money in one go, they can do so in a staggered manner by parking it in these schemes and then transferring it to equity mutual funds through a systematic transfer plan.
Iconic public buildings, parks and railway stations dazzled with lights on the night of January 26, 1950 turning the capital city into a "fairyland".
At this poignant historic moment one can only wish that institutions are not built by bricks and mortars, but also by the rich Parliamentary traditions which have stood the test of time which needs to be strengthened by all stakeholders, notes Rup Narayan Das, a former joint secretary of the Lok Sabha Secretariat.
A Delhi court on Wednesday gave bail to Rashtriya Janata Dal leader Lalu Prasad Yadav, his wife and former Bihar chief minister Rabri Devi and their daughter Misa Bharti in connection with a case related to the alleged land-for-job scam.
The prime minister's insistence that his voice cannot be suppressed left me both puzzled and amused. He has at his call, the government's official news dissemination/publicity channels, the pliant newspapers and television channels that were eager to prostrate themselves before a powerful government and yet, the dominant voice thinks it is in competition with other voices! exclaims Shyam G Menon.
The purpose of the provident funds is to help people in their retirement periods. Hence the EPF and PPF are for long term savings.
Siddharth Anand's artistry bespeaks an upbringing filled with GI Joes, plastic combat boots and plastic bayonets, fake punching noises and fake sounds of gunshots, rudely interrupted by an adult voice saying, 'Beta, all this is good, but try bringing in some feelings too', observes Sreehari Nair.
rediffGURU Abhishek Shah advise you on how to deal with challenges at the workplace.
How many of these looks will you bookmark?
Rakesh Ranjan reveals how his mother Samita Ghosh braved difficult odds to teach students in a small school in Bihar.
The CBI had sought three more days of custody of Sisodia after producing him before the court on expiry of his three-day remand granted earlier.
The police also moved an application seeking court's permission to produce Sisodia only via video conference, after he levelled the allegation.
Retirement is usually associated with investing in safe avenues, which are reliable and generate a regular source of income.
'Kejriwal could have easily deputed someone to step in as chief minister, but being the authoritative and self-centered personality that he is, he chose not to do it.' 'If the AAP loses Delhi, where it has a huge majority, the only one to blame would be Kejriwal,' asserts Ramesh Menon.
Sisodia, who was produced before the court on the expiry of his judicial custody, said before the media that Prime Minister Narendra Modi will not be able to stop Delhi Chief Minister Arvind Kejriwal's work in Delhi.
Prime Minister Narendra Modi assured all possible help to Indian athletes in their endeavour to achieve greater heights and expressed confidence that the country will better its Hangzhou performance in the next edition of the Asian Games.
'It will dictate the flow of funds into the index. We will maintain caution on mid/smallcaps.'
India will have 500 million mobile consumers by 2010 with 60 million mobile users having video capability, 100 million music capability, 200 million radio capability, 250 million camera capability and 250 million with Internet capability. These were some of the facts shared by D Shivakumar, vice-president and managing director, Nokia India, at the Goafest conclave. He said that in the next three years, India would add one and a half times more mobile users.
'Indian Police Force encapsulates the same spirit, the essence of scale, the essence of action and that riveted rhythm that Rohit Shetty brings about, but is complete with absolute realism.'
The veteran Communist Party of India-Marxist leader is likely to undergo a few tests later in the day, which will help in ascertaining the severity of the infection in his lungs that landed him in the hospital on Saturday afternoon.
The New Delhi Municipal Council on Wednesday approved a proposal to rename Rajpath as 'Kartavya Path'.
The mesmerizing march included elite marching contingents, missiles, warplanes, surveillance gadgets and lethal weapon systems, with French President Emmanuel Macron gracing the occasion as the chief guest.
Several states declared a holiday for schools, while government offices, other establishments and public sector banks remained closed for half a day.
The ceremonial arch, inaugurated in July 1836, in a rather austere ceremony, stands proudly at the centre of Place Charles de Gaulle with 12 grand avenues radiating outward from the commemorative landmark.
A provisional order has been issued under the Prevention of Money Laundering Act against the newspaper's publisher Associated Journals Ltd and its holding company Young Indian, the central probe agency said in a statement.
Does anyone have more fun getting dressed in a shirt than the Tiger 3 star?
Something is cooking in online food delivery. After 15 years of grappling with the demands of the business - read cash burn - Gurugram-based Zomato reported its first profit in the first quarter of 2023-24 (FY24). Not satiated, it reported a profit in the following quarter as well: Of Rs 36 crore in the second quarter compared to Rs 2 crore in the first. A year ago, in the second quarter of FY23, it had reported a loss of Rs 251 crore.
The Delhi high court on Friday sought the Enforcement Directorate's stand on a plea by Aam Aadmi Party leader Sanjay Singh against his arrest in a money laundering case related to alleged irregularities in the now-scrapped Delhi excise policy.
The International Financial Services Centres Authority (IFSCA) has proposed key exemptions to the current listing framework and measures for setting up holding companies (holdcos) and special purpose acquisition companies (SPACs) to encourage domestic startups list at GIFT City, the country's only international financial services centre (IFSC). Under the current framework, to be eligible to list on IFSC exchanges, an issuing company should have operating revenue of at least $20 million in the preceding financial year and average pre-tax profits of at least $1 million during the preceding three financial years. An expert committee has noted these conditions have acted as hurdles to listing new-age companies, and they need a relook.
Special Judge M K Nagpal, who had dismissed Sisodia's bail application on Friday saying he was 'prima facie the architect' and played the 'most important and vital role' in the alleged scam, extended his custody after he was produced before the court.
Some of her best films are not available on streaming platforms, but Deepa Gahlot looks at her Hindi cinema oeuvre on OTT.
The Sydney Cricket Ground honoured batting greats Sachin Tendulkar and Brian Lara by having a set of gates named in their honour at the SCG.
'This is what happens to a party when it gets trapped in the vicious circle of nepotism and dynastic politics'
'India has the potential to do a lot more to take advantage of the time today where we stand to gain, geopolitically and in terms of market attractiveness.'
A bench of Justices Sanjiv Khanna and SVN Bhatti, which reserved its verdict on two separate regular bail pleas of Sisodia in the corruption and money laundering cases, told the ED it cannot go by the assumption of bribe having been paid, and whatever protection an accused enjoys under law needs to be granted.
Special Judge M K Nagpal reserved the order after hearing arguments on his application seeking relief claiming his custody is no longer required for investigation.
A bench of Justices Sanjiv Khanna and SVN Bhatti asked additional Solicitor General SV Raju, appearing for the two probe agencies, when will the arguments on charges against Sisodia commence in the trial court.
