The Trust has offered to sell about 20 million shares in RIL at Rs 2,125 apiece, said executives familiar with the development. "The promoters are primarily looking to sell 10 million shares, with an option to sell an additional 10 million, that would fetch Rs 4,250 crore (Rs 42.5 billion)," they said.
Sebi says Sahara investors refunded over Rs 42 cr.
Out of the 24 IPOs, 20 companies had anchor investors, which collectively subscribed to 31 per cent of the total public issue amount.
Mukesh Ambani said he had never seen any city decked up so strikingly as Lucknow
Investor wealth on Wednesday diminished by Rs 1.84 lakh crore amid massive sell-off in the equity market.
Exit from Delhi Metro's airport express line
Terming the state "pride" of the country, Modi said it is the gateway of the nation as it guards the frontier. It is the duty of the government to develop the state at any cost, he said.
Telecom companies put in bids worth a total of about Rs 45,000 crore (Rs 450 billion) on the second day of the auction on Tuesday, with premium 900 Mhz band in Delhi, Mumbai and Kolkata witnessing continuing demand.
India imports 73 per cent of its crude oil import needs and the cost of imports would spiral after crude inched closer to a record $125 per barrel, while rupee touched its 13-month low, official sources said. The basket of crude oil India imports was at $120.65 per barrel on Thursday, a 91 per cent jump over the last fiscal's lowest price of 62.91 dollars recorded on May 9, 2007, official sources said.
On Tuesday, Finance Minister P Chidambaram had more than adequately made clear that the government would be allocating Rs 14,000 crore through Budget, the Financial Services Secretary said.
With the scope of expanding excise and customs duties getting increasingly limited, the government would turn to service tax for widening the tax base, mop up from which is expected to fetch over Rs 10,000 crore by 2005.
MTNL to invest Rs 500 cr on capacity expansion
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Senior company officials said the funds would be used to expand its financial services business in rural India where the group would be opening more branches.
Punjab has over 400,000 employees and pensioners and about 125,000 staff members in its corporations and boards.
Metropolitan Magistrate Akash Jain took cognisance of the complaint and fixed the matter for recording of pre-summoning evidence on August 28.
The CBI said the interrogation was needed to reconstruct the scene of crime, to unearth conspiracy, if any, and to collect any other evidence related to the case.
Car sales in the quarter were up 3.9 per cent at 3,60,402 units, the company said, adding that the exports were at 27,009 units.
26 out of 80 operational projects are in no position to service debt.
IT company Hexaware Technologies Ltd has posted a 11.06 per cent decline in its consolidated net profit at Rs 16.55 crore for the third quarter ended September as against Rs 18.61 crore in the same period last fiscal.
State-run oil firms are likely to see revenue loss on fuel sales to more than double to Rs 1,80,000 crore (Rs 1,800 billion) during the current fiscal after surge in international crude oil prices and weakening rupee made imports costlier.
Over 25,000 sq ft leased by them in last three months after new maternity Act. Raghavendra Kamath reports.
Maruti Udyog reports a 39.9 per cent jump in second quarter net profit at Rs 367.4 crore (Rs 3.67 billion) while total income (net of excise) up 12.5 per cent at Rs 3,540.8 crore (Rs 35.40 billion).
The Oil and Natural Gas Corporation made a net profit of Rs 12,500 crore (Rs 125 billion) in the last financial year and Rs 30,000 crore (Rs 300 billion) in last three years, chairman-cum-managing director Subir Raha said.
PE firm True North's investment model is to take 51% stake in mid-sized companies and make them large, says Niraj Bhatt.
This year's auctions will wrap up in one day.
Corrosion is a big menace for anything with steel application from rebars in construction, oil and water pipelines, railway track, power distribution poles to automobiles, says Kunal Bose.
The project is scheduled to be completed by March 2019, while work is expected to start by this financial year.
As Sahara India chief Subrata Roy continues negotiations with potential investors to raise funds to secure his release from jail, a senior group executive has proposed a 'contribution scheme' to raise Rs 2,500-3,000 crore ( 25-30 billion) from two lakh members of its parabanking division.
Spectrum trading will happen in 9 circles.
SBI got Rs 1.93 lakh cr in cash deposits from November 10-25.
Draft prospectus to be filed next week; second trust, with Panchshil, in a few months
The Department of Telecom has worked out a one-time spectrum charge of over Rs 2,060 crore to be levied from operators for the period they remained in business after their licences were cancelled in February last year, sources said.
Once decisions are taken to sell stock in certain state-controlled enterprises, there is no reason to not start scheduling sales immediately.
Modi said his government's focus was on adopting the strategy of 'Reform, Perform and Transform'.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
L&T Metro Rail Hyderabad Ltd, which is developing a 72-km elevated metro rail in Hyderabad, said the project is likely to see a cost escalation of between Rs 2,500 crore to Rs 3,000 crore (Rs 25-30 billion).
The government will get an additional revenue of 20 per cent from the auction of the 1,800 MHz and 900 MHz bands of spectrum, based on the Telecom Commission's recommendations, compared with those of the Telecom Regulatory Authority of India (Trai).
Pitching for making the country's 7,500-km long coastline an "engine of growth", Prime Minister Narendra Modi on Thursday said India wants to mobilise Rs 1 lakh crore investment to enable port development and invited global community to invest.
