Sanjay Bhandari, an accused arms dealer wanted in India on money laundering and tax evasion charges, is pursuing a separate legal battle of his own in France over an alleged unpaid cut from a large Indian defence contract dating back over 10 years, according to a UK media report.
MMFs are a good option for the current environment, observes Sarbajeet K Sen.
The Securities and Exchange Board of India (Sebi) has cleared the draft red herring prospectus (DRHP) of the state-owned Life Insurance Corporation of India (LIC). According to investment banking sources, the so-called final observations were issued by the market regulator on Tuesday evening. Following the market regulator's nod to the IPO papers, the insurer can launch its share sale. However, LIC may not launch its IPO immediately given the current volatile market conditions.
In its consultation paper Trai addressed three key points including the bundling of channels under bouquets, rampant discounting within bouquets, and the lack of consumer choice.
MobiKwik employees exercised their ESOPs (Employee stock ownership) in a recently opened window by selling part of their shares in a secondary sale. "The secondary round was led by ex-Blackstone India head, Mathew Cyriac, who topped up his holding at almost double of his previous price," the sources said.
After nearly two days of political deadlock, the stakeholders are engaged in prolonged talks to try and appoint a successor to Mahinda Rajapaksa.
For a phone which is marred with heating issues, does not provide a Quad HD display, is incapable of recording 4K videos, and whose camera performance in general is not in the league of flagships, Himanshu Juneja wonders if Sony has once again got is pricing all wrong.
Last week, govt sold shares worth Rs 220 crore in the open market without making a formal announcement. The deal came to light only this week.
For the first time in 21 years, the Reserve Bank of India (RBI) will revise norms for investment portfolios of commercial banks to reflect changes in global standards on valuation and measurement, and progress in the domestic market. This could pave the way for banks to transition to the new accounting standards (Ind-AS). The outstanding investment portfolio of commercial banks was at Rs 45.84 trillion as of November 19 this year.
In the brief history of the hill state of Uttarakhand, there has not been a single instance where a chief minister has lost a by-election, reports Shishir Prashant.
Ajit Mishra, vice president, research, Religare Broking, answers your stockmarket queries.
She also called upon the partymen to continue to put pressure on the union government to ensure that the daily rate of vaccination trebles so that 75% of the population gets fully vaccinated by end of this year.
Sebi proposes to relax ownership rules to allow more entrants in the exchange space, which is seeing a disruption globally with the emergence of new technologies such as block chain.
Kolkata Knight Riders wicketkeeper-batsman Dinesh Karthik said picking Harbhajan Singh at the IPL players' auction was not easy, while adding that the veteran spinner has left everyone impressed with the amount of 'interest and intensity' he has shown in the practice sessions.
Singh noted that opposition members tore rule book, threw papers at the desk of the Rajya Sabha Deputy Chairman Harivansh, who was in the Chair, and climbed the officials' table -- something, he added, he had never witnessed before.
'Sebi has to make sure that investor interests are protected and at the same time, there isn't over-regulation so that companies don't get discouraged to list here.'
'Looking at the speed at which changes were made post the Franklin Templeton issue, we are awaiting more stricter norms in the months to come.'
It would be larger than even in the pandemic year of 2020-2021, notes Mahesh Vyas.
Mumbai Indians will be aiming to register their first win of IPL 2022 and keep their slim chances alive when they face Chennai Super Kings at the DY Patil Stadium in Navi Mumbai on Thursday.
'Our competitiveness with China is very important.' 'If the exchange rate depreciates, it is good for us because it helps in our competitiveness.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'If you are ready to stomach the loss, you may invest 3-5 per cent of your portfolio in crypto assets.' 'Of this, 80-90 per cent should be in Bitcoin.'
Under the Bhavantar Bhugtan Yojana, the state pays a portion of the loss incurred by farmers for selling below the MSP, capped up to a limit.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
Ahead of the no-confidence vote against the Manohar Lal Khattar Haryana government, senior Jananayak Janata Party (JJP) MLA Devender Singh Babli on Tuesday urged his party to withdraw support to the Bharatiya Janata Party government over farmers' issues.
Data shows that the current system of decentralised marketing and centralised procurement helps Punjab and Haryana farmers the most, while its efficacy in other states has been poor. Experts and farm leaders say success of the laws rests heavily on implementation.
Bitcoin has been on fire ever since Musk announced that Tesla had bought $1.5 billion of the cryptocurrency, and that his electric-vehicle company would accept bitcoin from buyers.
What are the most worrisome aspects of climate change for India? Can they be solved?
'Funds based on this theme offer socially conscious investors an option to invest in a portfolio that is aligned to their beliefs.'
Industry players credit Sebi's first woman chairperson with putting special emphasis on cyber security, use of tech and data, areas where Sebi is trying to 'stay ahead of the curve'.
Parliament was adjourned for the day on Wednesday due to uproar by the Opposition members over Lakhimpur Kheri killings in Lok Sabha and the suspension of 12 members in Rajya Sabha.
With the Russia-Ukraine war roiling financial markets globally, the government may defer the mega IPO of LIC and wait for an opportune time to get the maximum value of its holding in the state-owned insurance behemoth, sources said. "It's a full blown war now so we will have to assess the situation for going ahead with the LIC IPO," a government source said. Finance Minister Nirmala Sitharaman, too, had indicated review of the IPO in view of the evolving geopolitical situation.
More and more PE players are willing to test the waters now, just in case they become early entrants in a future booming business.
Growth-oriented technology companies have raised Rs 15,000 crore through initial share sales in the last 18 months and IPOs worth around Rs 30,000 crore by such firms are in the pipeline, Sebi chairman Ajay Tyagi said on Thursday. "Growing number of unicorns in the startup ecosystem is a testimony of the new age tech companies coming of age in our economy. These companies often follow a unique business model focusing more on rapid growth than immediate profitability," Tyagi said at an event organised by industry body CII. During the last 18 months, growth-oriented technology companies have raised a sum of around Rs 15,000 crore through IPOs (Initial Public Offerings).
Declining vegetable prices brought down the retail inflation to a 15-month low of 4.59 per cent in December and within the comfort zone of the Reserve Bank, government data showed on Tuesday. It is for the first time during the current fiscal that the Consumer Price Index (CPI) based inflation print is below 6 per cent or in the RBI's target range of 2 to 6 per cent. The central bank factors in the CPI-based inflation while arriving at its monetary policy. The inflation in December 2020 came down from 6.93 per cent in November, mainly on account of 10.41 per cent decline in vegetable prices over the year-ago period.
The retirement of the Jaguar would create a six squadron gap in the IAF's combat fleet which would cost $20 billion-$30 billion to fill.
17,266,801 equity shares of Rs 10 each offer to be made through book-build process.
'The concern that the bad bank may create a moral hazard for the system is extremely valid.'
'The approach today is, instead of giving loans to 100 MSMEs, let us give one loan to a big-ticket corporate.' 'And so many of these big fish deceived the banks and the banks are in the doldrums now with high NPAs.'
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