Novelis IPO: A potential booster for Hindalco

Base metals major Hindalco’s overseas subsidiary, Novelis, has submitted a draft registration with the US Securities and Exchange Commission (SEC) for the proposed public offering of......

Bank of America hit by graft charge on India stock deals

Bank of America has been hit by a whistleblower complaint that its officials in Asia had shared “non-public information” with investors “before the bank sold hundreds of millions......

LIC largest holder of G-secs, equities, household savings: Report

The IPO-bound national insurer LIC is not only the largest holder of government debt -- owning 19 per cent of the G-secs -- but also the single largest owner of equities, the largest fund manger as......

Now, ICICI Prudential MF is under Sebi lens

Sebi had also ordered the fund house to compensate investors who had redeemed their units since the date of allotment of shares in the I-Sec IPO. ICICI Prudential Mutual Fund has started the......