The two entities' combined distribution network would comprise 4,182 banking outlets and 476 ATMs across 34 states and Union territories of India, with more than 31,000 employees serving about 15 million customers across the country.
There are several positive reasons to invest in the NTPC offering from a three-year perspective.
ICICI Bank on Saturday reported a 35 per cent jump in net profit in the third quarter this fiscal at Rs 1,230 crore (Rs 12.30 billion) compared to Rs 910 crore (Rs 9.10 billion) in the year-ago period.
So far, nine companies have raised Rs 17,860 crore - nearly three times of last year's tally - by way of rights issues.
With telecom disruptor Reliance Jio not raising tariffs, incumbents Bharti Airtel and Vodafone Idea are focusing on the minimum monthly recharge and higher first recharge offers to ensure they retain only loyal and revenue-incremental subscribers, reports Romita Majumdar.
Apart from the main company, five of Air India's subsidiaries and a joint venture firm have been included in the strategic sale plan.
Weakness in the broader markets, along with expensive valuations that these companies had commanded during their IPOs, has led to this fall
Half a dozen companies looking to tap the market as the Indian rupee stabilises and oil prices cool down.
Fund managers do not see any dent in the India story. Given the strong fundamentals, there is optimism that foreign fund flows may even exceed 2005's level of $10.7 billion.
The government had last sold 5 per cent stake in ONGC in 2012 for Rs 14,000 crore (Rs 140 billion).
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ahead of a crucial meeting of the department of telecommunication, with the two public sector undertakings to decide on the next step towards synergising their operations, MTNL on Monday said that making it a subsidiary of BSNL would not yield the de
The US drug regulator raised the issue of significant deviations from the current good manufacturing practice (cGMP) in three of DRRD's plants in a letter issued in November 2015
The consortium led by ICICI Securities is likely to submit by January end its first report containing the options of synergising the operations of two telecom public sector undertakings -- BSNL and MTNL.
In a departure from the past, when IHCL adopted the organic route for entering markets like London and New York, this time around the expansion will be acquisition-led.
Net inflows of $1.2 billion into Indian equities in the last two months have taken market participants by surprise.
Vijay Mallya-controlled UB Group's open offer for acquiring stake in liquor firm Shaw Wallace will begin on April 18, the manager to the offer said on Thursday.
Air India buyer has to take over interest-bearing debt of Rs 16,500 crore a large portion of which is aircraft related, meaning they are backed by aircraft value
India, still punching well below its weight in terms of drawing foreign investment, showcased its vast potential in Singapore and sought more FDI in the country's lucrative infrastructure sector.\n\n\n\n
Petronet LNG Ltd, which completed construction of India's first LNG import terminal at Dahej in Gujarat, announced on Monday that it will float an initial public offering of 26.10 crore
Total market capitalisation of BSE listed firms stood at Rs 101.49 lakh crore on March 31.
The cash offer for 2.621 million shares would open on November 23 and close on December 13, 2004, ICICI Securities Ltd, manager to offer, said in a public announcement on Tuesday.
Petronet LNG Ltd will float an initial public offering of 261 million shares, representing 34.8 per cent of the total equity of the company, around mid-February, P Dasgupta, director (finance), PLL, said in New Delhi on Friday.
CDC Financial Services and CDC-PTL Holding Ltd have made an open offer to acquire upto 20 per cent equity stake in Punjab Tractors Ltd at Rs 153 per share.
With the latest approvals, there are now 16 registered investment advisers in the country, according to the list published by Securities and Exchange Board of India.
The bank, which has suffered reverses following a massive spike in dud assets and also the dismissal of its chief executive Chanda Kochhar over governance issues, however, hinted that the worse is behind.
Petronet LNG Ltd, which will become India's first LNG importer when Qatari RasGas' cargo lands at its Dahej import terminal in January next, has planned an initial public offering of equity shares in the same month.
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