The Delhi-headquartered bank had favoured private placement over an initial public offer due to the stock market's volatility, a source familiar with the development said. "An initial public offer now is out of question," the source said. The private placement of shares is likely to be with public sector companies Life Insurance Corporation, UTI and Small Industries Development Bank of India but private sector participation is not completely ruled out.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
India's largest realty firm DLF on Friday said its net debt increased by nearly Rs 1,000 crore (Rs 10 billion) in the July-September quarter to Rs 22,519 crore (Rs 225.19 billion), mainly due to delayed receipt of payments related to non-core asset sales.
The Board of Control for Cricket in India (BCCI) is expected to issue tender forms for broadcasting rights of the Indian Premier League (IPL) in the coming week. According to industry sources, the winner might have to fork out over Rs 1,000 crore (Rs 10 billion) for a five year telecast rights.
The carrier has debt of Rs 43,000 crore.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Jammu and Kashmir Bank plans to invest Rs 1,000 crore (Rs 10 billion) in infrastructure projects in the state over the next 2-3 years, while targeting a net profit of over Rs 500 crore (Rs 5 billion) by 2004-05.
When the country's largest iron ore producer, NMDC, declares its financial results for 2009-2010, it will report a Rs 1,000-crore drop in net profit. Not on account of last year's slowdown, but Naxalite attacks.
Goodyear India is set to enter the Rs 1,000-crore (Rs 10 billion) plus tyre companies club on the back of new retail forays and healthy sales, which are expected to grow by 17 to 18 per cent this fiscal.
The tax department was given the land at Mumbai's posh location, measuring 2,786 square metre, with a minimum capacity of 100,000 sq ft, in 1992. Instead of constructing an office building, the department recently took a few floors on rent at the nearby Air India building.
The Adani group has exited the financial services business by selling its entire 90 per cent stake in Adani Capital and Adani Housing to private equity (PE) firm Bain Capital for Rs 1,440 crore. The total valuation of the Adani financial services business stands at Rs 1,600 crore. Gaurav Gupta, managing director (MD) and chief executive officer (CEO) of the Adani firms will hold the rest of the stake.
Of the proposed $220-million investment, PepsiCo India will put in $170 million of own money, while the remaining $50 million would be invested by its bottling partners. This proposed investment is part of the company's $500-million investment plan announced during the visit of PepsiCo' global head Indra Nooyi to India last year.
This acquisition marks Lupin's foray into the Japanese branded market in-line with aspirations to build business globally.
Stocks of over Rs 1,000 crore (Rs 10 billion) were short sold in the domestic equity market in a week's time, according to the data published by the Securities and Exchange Board of India (Sebi).
The Bharatiya Janata Party dubbed the arrest as scripted and claimed he was in the safe custody of West Bengal Police.
The Indian Oil Corporation has taken a hit of about Rs 1,000 crore (Rs 10 billion) in the first quarter of the current fiscal on selling subsidised LPG and Kerosene below the cost.
The transaction will be done through the stock market via block deals.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries:
Honda will set up its second car manufacturing plant in India near here at an estimated investment of Rs 1,000 crore (Rs 10 billion).
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Drugs worth more than Rs 5,300 crore were seized and 102 people involved in illicit narcotics trade apprehended by the Gujarat police in the last one-and-a-half years, the state legislative assembly was informed on Tuesday.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Kotak Mahindra Bank is aiming to mop up Rs 500 crore (Rs 5 billion) through its private equity fund, which will invest primarily in unlisted companies, and another Rs 450-500 crore from the real estate venture fund.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The Bahujan Samaj Party declared that it did not receive any donation above Rs 20,000 during 2021-22 as it has been declaring for the past 16 years, the ADR claimed.
Talking to reporters in Bilaspur town of the state, he also accused the saffron party of trying to take political advantage of last week's communal violence in Biranpur village of Bemetara district.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Piramal Realty received equity funding from Warburg Pincus and Goldman Sachs in July.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
Piramal Realty will invest Rs 3,500 crore over the next two years in four ongoing housing projects as it aims to deliver a 6 million square feet area to customers, its CEO Gaurav Sawhney said. Founded in 2012, Piramal Realty is the real estate arm of the business conglomerate Piramal Group. It is one of the leading developers with 15 million square feet of residential and commercial under development in the Mumbai Metropolitan Region (MMR).
IPO market hopes to come out of slump in festive season, reports Sundar Sethuraman.
'We expect exports to touch Rs 1,000 crore by the end of the year.'
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
