After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and policybazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively. The other three firms whose initial share-sales are set to open are Sapphire Foods India, which operates KFC and Pizza Hut outlets, decorative aesthetics supplier SJS Enterprises and microcrystalline cellulose manufacturer Sigachi Industries. The IPOs of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, and Fino Payments Bank are currently open for public subscription.
Offer size could vary from Rs 1,200 cr to Rs 2,000 cr
Goldstone Technologies Ltd said it expects an income Rs 1100 million to Rs 1200 million and a profit of Rs 150 million to Rs 160 million or Rs 10 a share for 2003-04.
The Satyam saga, which rattled India over five-and-a-half years ago as its biggest corporate fraud, has turned out to be a case of financial mis-statements to the tune of approximately Rs 12,320 crore, as per Sebi's probe.
National Aluminium Company Ltd, the largest alumina-aluminium producer and exporter of the country, has planned a Rs 4000-crore investment in capacity expansion.
Bharat Aluminium Company Ltd on Monday signed a MoU with the Chhattisgarh government to set up a Rs 5,000 crore (Rs 50 billion), 1,200 MW coal-based power project in the state.
The move, if accepted, will help resolve nearly one-third of the 1,200 cases on payments pending in various courts in the country.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
635 declarations of illegal wealth were made in the 3-month compliance window.
negotiations are on with FIs for funding these projects
ONGC to take biggest hit of Rs 4,600 crore, followed by Cairn India and Oil India.
This demand is over and above the Rs 1,200 crore.
The country's largest realty player, DLF, on Thursday said it might have to pay additional tax of up to Rs 400 crore (Rs 4 billion) following a special audit of its income for the fiscal 2005-06, by the income-tax authorities.
Under the recapitalisation package Central Bank of India will get Rs 1,400 crore (Rs 14 billion), while UCO Bank and Vijaya Bank will get Rs 1,200 crore (Rs 12 billion) each, home minister P Chidambaram told reporters after the Cabinet meeting in New Delhi. Under the recapitalisation package Central Bank of India will get Rs 1,400 crore (Rs 14 billion), while UCO Bank and Vijaya Bank will get Rs 1,200 crore (Rs 12 billion) each.
According to a background note prepared for the Economic Editors conference, the Telecom Ministry has made a provision of adding 1,200 million new telephone connections by 2017.
The sources further said that the government has implemented a series of interventions in the past four months to provide relief to the sugarcane farmers and to ensure clearance of their dues.
The good news came days after the government approved infusion of Rs 1,200 crore (Rs 12 billion) as equity into the ailing national carrier.
Anil Ambani-led Reliance Power will invest over Rs 12,000 crore (Rs 120 billion) for executing 2,520-MW hydro power projects in Arunachal Pradesh, to be commissioned in the next Five Year Plan (2012-17).
Neyveli Lignite Corporation Ltd is planning to invest Rs 10,000-12,000 crore in setting up power projects. It is also planning to foray into renewable energy, by setting up wind energy farms and solar units.
Tata Motors is to invest Rs 6,000 crore (Rs 60 billion) in the next five years to increase the passenger car capacity at its Pune plant by 50 per cent and plans to raise $100 million shortly.
Charter operators might have to cough up Rs 1,000-Rs 1,200 crore (Rs 10-12 billion) as taxes and penalty for aircraft that they have imported under the Non-Scheduled Operators Permit (NSOP) even though they are being put on personal use.
Videocon group has signed an agreement with West Bengal government to set up a steel plant and a power project in the state with total investment of about Rs 15,000 crore.Videocon, which already has interests in oil and gas, plans to establish a three million tonne steel plant and a 1,200 MW thermal power project in Asansol-Durgapur area in Burdwan district.
A day after opposition parties, including the Congress launched a scathing attack against the Union government and the railways for charging money from migrants for the travel, sources in the railways said the national transporter is spending around Rs 80 lakh per service for the special trains, and it has run 67 such trains carrying around 67,000 stranded migrants since May 1--- incurring an expenditure of over Rs 50 crore.
According to Nasscom estimates, Rs 900 crore in revenue was lost in 1999-2000, Rs 1200 crore in 2000-01 and Rs 1700 crore.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries
The shares - close to 30% of the total holding - are expected to list on rival National Stock Exchange on or around February 3.
The migrants were ferried to their villages in sanitised buses arranged by the Jharkhand government to take them home after preliminary medical screening at the station, officials said.
At the BSE, 1,964 stocks declined and 871 advanced while 99 remained unchanged.
Nikunj Saraf, Vice President Choice Wealth, answers your queries
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.
At the reserve price, these auctions will take the total fund raising to at least Rs 3,100 crore (Rs 31 billion).
The bidding for four spectrum bands is scheduled to start from March 4.
Reliance Jio Infocomm is the only company which had in 2010 won a pan-India spectrum for 4G services but is yet to start commercial services.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Ahead of the start of the ninth season of the IPL, Rajneesh Gupta presents a detailed statistical analysis of the players involved.
A consortium led by Ajay Singh is initially expected to invest Rs 1,200 cr, largely to cover liabilities.
Feature phones will be sold through the trade channel. Recently, Maxx had launched its AX356 GenxDroid7 for Rs 3,696.
Frozen mutual funds and shares worth Rs 86.72 crore belong to Choksi and his group, and the rest are owned by the Modi group.
