The rupee has depreciated 10.5 per cent against the dollar this year, making it Asia's worst-performing currency.
Over the past two years, some 30 mid-career bureaucrats are said to have joined the private sector as COOs, CEOs and partners in consultancies.
It's the easiest thing to give people money, but the risk perception has changed, says Rajiv Lall, Managing Director, IDFC.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
State governments are gradually taking initiative as far as developing highways is concerned.
President & CEO of IDFC Private Equity Group, Luis Miranda, spoke on various issues relating to private equity in an exclusive interview with Rajesh Bhayani.
The exchange, Indian Energy Exchange (IEX), received bids for 13,176 Mwh of power when operation commenced and the transaction took place in the price range between Rs 6.46/kwh and Rs 8.01/kwh. Power will be delivered on Saturday as IEX is trading a day ahead currently.
HDFC MF has had a history of stock options and gave additional ESOPs to key staff a few months ago
In a filing to the Bombay Stock Exchange, Suzlon Energy said the board has also approved increasing the private investment limit in one of its subsidiary to 17.1 per cent for a consideration of Rs 400 crore (Rs 4 billion). However, the company did not disclose where it would deploy the funds raised.
The company is still short of over Rs 4500 crore (Rs 45 billion) to refinance the debt which is due before June 2 this year. The company had planned to raise the fund for refinancing through three routes. It planned to raise about Rs 4200 crore through rights issues which it managed after the issue devolved on underwriters in October as the stock prices were tumbling globally following the economic crisis.
A clutch of foreign and domestic institutions has submitted expressions of interest to acquire at least 26 per cent in the Delhi-based Industrial Finance Corporation of India (IFCI).
Sebi wholetime members T C Nair and M S Sahoo passed the 26th such consent order on October 31, asking Bansilal Mehta and Chimanlal Shah to remit Rs 4,26,000. Mehta and Shah 'were alleged financiers to key operators for cornering shares in the IPO of IDFC', the order said. The regulator had earlier prohibited them from buying, selling and dealing in securities. So far, the regulator has settled 128 cases through consent orders.
State-owned India Infrastructure Finance Company Ltd has tied up with Infrastructure Development Finance Company, and global equity investors Citigroup Inc and Blackstone Group to launch a $5 billion infrastructure fund.
Among the stocks that have seen the largest cut by MFs, the DVR shares (shares with differential voting rights) of Tata Motors have seen a cut of 243 basis points (bps) in MFs' stake.
Investors can sell their entire equity and move to debt when stocks get expensive
Vijay Kelkar, former advisor to the Union finance minister, has joined the board of Tata Chemicals Ltd as director.
HealthCare Global, an oncology care hospital chain, has received a funding of $20 million from PremjiInvest, a private equity fund sponsored by Azim Premji. With this funding, PremjiInvest has bought a "significant minority stake" in HCG. This is the third round of funding the hospital has received after it initially received Rs 50 crore from IDFC Private Equity and the second funding of Rs 10 crore from Evolvence.
The RBI has agreed to consider the application of India Post in consultation with the government.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
NSO has pegged economic growth at 5 per cent in 2019-20 in its second advance estimates.
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
Earlier, the Reserve Bank of India was the approving authority.
Finance ministry is understood to have reservations on the ownership of minority stakeholders in Hutchison-Essar and is likely to raise the issue at the FIPB meeting.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Onion prices have increased 150% over the last few months
Mutual funds predominantly bought engineering, media, pharma, and oil and gas stocks in July
With buyers playing safe, projects such as Delhi-Gurgaon Expressway find it difficult to get new concessionaires
Uttam Prakash Agarwal alleged that Citax and Braich offers were incomplete and did not include firm commitment as to the price, size, timings, confirmation from the banks about availability of the funds.
The ailing United Western Bank on Thursday submitted a scheme of reconstruction to the regulator Reserve Bank, which has placed it under moratorium due to erosion of networth.\n
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Putin's visit comes at a time when Russia's economy is stalling as oil prices tumble
Analysts attribute this fall to the recent moderation in energy (mainly crude oil) and commodity prices, lowering of input costs for companies in sectors such as FMCG, consumer durables, and automobiles, reports Krishna Kant.
These investors are not only betting on little-known stocks, but also sectors that the market participants are not paying much heed to. Some of these stocks can be potential multi-baggers, while others may not live up to the expectations of these stock-pickers, says Jash Kriplani.
The seven people arrested will be produced in a designated CBI court to seek their remand, CBI sources said.\n\n
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India Post had applied for a bank licence under RBI guidelines issued on February 22, 2013.
The proposed Rs 10,000 crore (Rs 100 billion) of bond purchase would be done on Monday.
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