Will rising tensions between US-Israel and Iran threaten crude oil supply through the Strait of Hormuz, putting India's fuel prices, imports, and economic stability at risk?
In its report 'Global Top Picks', Barclays expects the current bull market in global equities to continue, generating a total return of 9 per cent in 2015.
Analysts cut upstream firms' FY15 earnings estimates, while raising those for GAIL and Gujarat Gas.
The open offers for the shareholders of Ambuja Cements and ACC will begin from July 6 and close on July 19, as per a tentative schedule published by the Adani family today. With an investment of $4 billion (Rs 31,139 crore), together these two open offers might constitute the biggest open offer in corporate Indian history. The mandatory open offer for the companies was made by a Mauritius based company owned by the Adani family after they acquired a 63 per cent stake in Ambuja and 4.5 per cent in ACC from Swiss cement major, Holcim for $6.5 billion. Ambuja owns a 50 per cent stake in ACC.
Adani Ports and Special Economic Zone (APSEZ) on Monday started the first debt buyback programme since billionaire Gautam Adani's conglomerate was targeted by a US short-seller in January. APSEZ floated a tender to buy back as much as $130 million of its July 2024 bonds and similar amounts in each of the next four quarters, it said in an exchange filing, as it looks to regain investor confidence by showing that its liquidity position is comfortable. Shares of Adani group companies pummelled after Hindenburg Research in a January 24 report accused it of accounting fraud and improper use of offshore tax havens for stock manipulation.
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On June 27, the Cabinet approved a new formula that uses weighted average of the price of LNG into India and average price at major gas hubs.
New buyers of English and Welsh soccer clubs may be forced to sell up to 10 per cent of their stakes to fans of the club under plans put forward on Friday by Britain's opposition Labour party to shake up club ownership and governance rules.
Barclays said the refinery would, however, now need to find new sources for the energy for its internal uses.
In the last 3 months, rupee has depreciated 16% against dollar.
This is the biggest IPO in the Indian market since Bharti Infratel's over Rs 4,000 crore public offer in December 2012.
Shares of most European banks are down significantly.
InterGlobe Aviation has already raised Rs 832 crore from anchor investors.
IndiGo has a fleet of 98 aircraft and about 75 of them are on operating lease.
Needs funds for Odisha plant expansion, to cut high debt.
SBI said the crisis in Grece would have little impact on the bank.
LIC's Rs 3,000 crore bid helped HAL reach the minimum 10 per cent dilution threshold required for listing, sources said
Investment bankers handling the IPO had said marquee global investors made big-ticket applications.
IndiGo had debt of Rs 3,912 crore at end of the June quarter.
In India, it is not easy to fight it out with the large banks which are nimble-footed and technology-savvy and are continuously innovating on the retail turf with newer products for customer acquisition.
Ril's shale gas may be impacted due to fracking ban
The broader markets ended in line with the benchmark indices- BSE Midcap and Smallcap indices ended higher by 1.3% and 0.9% each.
Gambling debt, stock tip lead to $1 million settlement but no charges for golfer Phil Mickelson.
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
Bankers pay a small price for their misdeeds, no matter how large the cost to their banks or to the economy at large, says TT Ram Mohan.
The most preferred CoCo bonds are those through which banks raise their additional Tier-I capital.
Total debt for listed Indian companies excluding financials fell only 4 per cent to $368 billion in the year ended in March 2015.
Raising the issue during Zero Hour, he said SBI has signed an MoU pledging one of the single largest loans to a corporate house despite five international banks refusing to lend to the Adani project.
Murthy said there was a need to change the mindset of the employees to focus on large deals.
In the broader market, BSE midcap and BSE smallcap indices underperformed the larger counterparts and ended flat with a negative bias.
For investment bankers, a Brexit vote is more than just about volatile prices on a screen but also about where they may end up working and living.
The Reserve Bank of India (RBI) is likely to keep monetary policy steady in June despite sluggish economic activity as inflation remains elevated, a Reuters poll showed on Wednesday.
Several brokerages lifted their outlooks for the BSE Sensex and companies were queuing to ride the wave of political euphoria
For the seven months since February 2014, the benchmark index surged nearly 27%.
The two nations share a problem of corporate debt gone bad that is so large and opaque.
India builds up record FX after Fed hints rate hike in future.
Another year of strong performance by these export-oriented sectors likely as US economy revives and rupee is expected to be under pressure.
Stock crashes 6.5%; top 5 firms lose Rs 33,883 crore in market cap
Jaipur-based start-up Logic Roots aims to teach children math skills through board games.
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