The market capitalisation of BSE-listed companies surged to Rs 98,11,322 crore.
This was disclosed at a high-level inter-ministerial meeting chaired by Home Minister Rajnath Singh in New Delhi on Thursday
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Other companies which are on the block include NMDC, NALCO and IOC.
TCS ruled the domestic market cap chart in ranking, followed by RIL, HDFC Bank, ITC, Infosys, HDFC, CIL, Sun Pharma, HUL and ONGC
India's public debt increased by 4.1 per cent to Rs 26,97,940 crore (Rs 26.97 trillion) during the first quarter of the fiscal, according to the latest data.
PE firm True North's investment model is to take 51% stake in mid-sized companies and make them large, says Niraj Bhatt.
kers likely to pass on additional excise duty burden to consumers; price increase to be 5-10%
The bidding will be opened in second week of April and the highest bidder will be entrusted with the responsibility of developing a group housing complex complete with all modern facilities including shopping complex and health services, said a senior railway official. Besides the reserve price, the developer has to renovate 750 railway quarters near the site as part of the development agreement.
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
Under the Indradhanush roadmap announced in 2015, the government will infuse Rs 70,000 crore in state banks over four years while they will have to raise a further Rs 1.1 trillion from the markets to meet their capital requirement in line with global risk norms, known as Basel III.
The country's second largest lender ICICI Bank Ltd on Thursday said it would raise upto Rs 5,750 crore (Rs 57.5 billion) through public offer of equity shares.\n
Insurance Regulatory and Development Authority Chairman T S Vijayan also said the regulator is mulling to bring out norms for sub-brokers of insurance products.
A total of 3,696 allottees pertaining to group housing, commercial department, industrial department, institutional department and residential plots are defaulters.
The Hyderabad-based company had posted a net loss of Rs 327 crore (Rs 3.27 billion) in the January-March period of 2011.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
This is the first tranche of capital infusion for the fiscal and more funds would be provided in future depending upon the performance of PSU banks.
Centre, states to share the amount in 60:40 ratio to link unconnected rural habitations and upgrade existing roads till 2020
On a standalone basis which represents its domestic operations, the revenues dipped to Rs 12,481 crore as compared to the last year's Rs 12,954 crore.
If the offer is accepted, banks will have to take a haircut of about 30 per cent or Rs 2,500 crore of the total receivables of over Rs 9,000 crore.
Net sales during the period under review stood at Rs 10,956.95 crore (Rs 109.56 billion), up 45.57 per cent from Rs 7,527.10 crore (Rs 75.27 billion) in the year-ago period, Maruti Suzuki India said in a statement.
Japanese auto giant Honda's two-wheeler unit in India has suffered losses to the tune of Rs 100 crore (Rs 1 billion) in the last one month due to labour unrest, which has led to police deployment at the facility and production being cut down by over
This was the second consecutive yearly outflow from such funds.
Renowned artist Tyeb Mehta's untitled canvas depicting a falling bull on Thursday got sold for a whopping Rs 15 crore at the second edition of Indian art auction held by the Christie's in Mumbai.
The economy has shown sharp resilience in the past and has also bounced back in good time. We could hence expect a similar trajectory next year, observes Madan Sabnavis, chief economist, CARE Ratings.
In financial year 2006-07, the exchequer earned Rs 2,090 crore (Rs 20.90 billion) as spectrum charges and Rs 6,360 crore (Rs 63.60 billion) as licence fees.
The company has four lenders -- State Bank of India, IDBI, ICICI and Canara Bank. According to the Reserve Bank of India norms, these loans would be declared as NPAs if the project is not financially restructured by March 31, 2009. The restructuring exercise includes a 50 per cent hike in the tariff for sale of power from the project, to be allowed by the Central Electricity Regulatory Commission. The project is expected to become viable after this.
Reliance Industries on Friday reported more than doubling of its March quarter net profit to Rs 13,227 crore as improvement in petrochemical and consumer business countered continued weakness in refining business.
GailTel, the telecom arm of state-owned Gas Authority of India announced on Thursday an investment of Rs 750 crore (Rs 7.5 billion) over thr next five years to expand its telecom infrastructure, combining it with its proposed city gas pipeline.
The quantum of FPI investments via P-notes remain unchanged at 6.6 per cent in March.
Around 400 to 500 people gathered near the city Eidgah to protest against the amended Citizenship Act amid a bandh call, he said.
Reserve Bank governor, Y V Reddy, had a detailed meeting with Finance Minister P Chidambaram ahead of the monetary and credit policy next week.
The Aam Aadmi Party on Saturday alleged that about Rs 6 crore were spent on the roadshow of Bharatiya Janata Party's prime ministerial candidate Narendra Modi in Varanasi and demanded from the district election authorities to register a first information report for violation of the model code of conduct.
IT major Wipro on Friday reported 9.75 per cent increase in consolidated net profit at Rs 1,284.9 crore for the second quarter ended September 30.
