Readying itself for a bank licence, Anil Ambani-led group's Reliance Capital on Wednesday said Japan's Sumitomo Mitsui Bank and Nippon Life would become its strategic partners in the proposed banking venture, with each having 4-5 per cent stake.
At least three brokerages, two domestic and one global, have said the company could cut its revenue growth guidance again in dollar terms
As unified payments interface gets popular, cash transactions will come down as most small payments will be routed through this.
Billionaire industrialist Mukesh Ambani has turned a venture capitalist and is backing a new television channel Epic TV due to go on air next month.
All shares held by SBI in the five associate banks will stand cancelled after merger.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The high court remained unconvinced by Mallya's claim that he has been a non-resident Indian since 1988 and has lived in England since 1992, a country where he has indefinite leave to remain
Based on this screening, the committee may weed out applications that do not meet the eligibility yardstick or the 'fit and proper' criteria for securing a licence.
There has been a lot of concern in the FMCG industry after Patanjali's revenues crossed Rs 5,000 crore, on the back of an increased focus on health following the ban on Maggi noodles.
An open offer for acquisition of additional stake in a listed company can move forward only after issuance of 'observations' by Sebi.
A family man with two sons, who made it a point to attend all weddings and occasions in the community, Siddhartha is known by everyone as the quintessential 'nice guy' CEO -- never yelling, raising his voice or screaming at his employees, says Pavan Lall.
Reports have suggested Rs 400-650 as the possible IPO price
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
The scrutiny is expected to be over this month itself.
The Essar Oil, Rosneft deal also helped Arpwood Capital, boutique investment bank, co-founded by Rajeev Gupta and Raj Kataria, to grab the second spot in the mergers and acquisitions league table.
Volkswagen was not the largest carmaker in the US and that North America accounted for merely 1-1.5 per cent of its total sales.
Markets ended lower on Tuesday, snapping a two-day winning streak, as investors turned cautious and booked profit in financials.
About 48.5 million shares, or 20 per cent of the shares on offer, are reserved for retail investors
Suuti's merchant bankers give proposal; deal value could be Rs 2,800 crore
Strong refining and petrochemical margins seen boosting consolidated net by up to 6%
Several MF managers are trying to tell their investors that it could be the best time to invest as India is different.
Every service provider, say analysts, now needs to make a much larger investment, and therefore needs a much larger share of the market to be profitable.
The BSE Mid-Cap index was currently up 0.83%. The BSE Small-Cap index was currently up 0.8%.
DFS writes to departments that haven't responded to RBI's request for information.
Busting a major 'front running' case in the stock market, Sebi on Friday ordered impounding of unlawful gains worth nearly Rs 15 crore (Rs 150 million) from brokerage firm Sharekhan and 15 other entities.
Market participants are now awaiting Thursday's meeting of the European Central Bank
Licence winners are expected to be announced by the first quarter of 2014.
Exuding confidence in setting up a profitable banking venture, industrialist Anil Ambani on Tuesday said the proposed bank will help lower Reliance Capital's debt to one-fourth of current levels and would be listed as a separate entity in three years.
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
The move to ban Rs 500 and 1000 notes may not curb the root cause of black money.
RIL says Sebi has not asked for revision of offer price, expecting clearance soon.
If companies manage to raise Rs 10,000 crore, this will be the best year for IPOs since FY11.
Branded residencies, designer-stamped homes have a snob value and are sold at a high premium, to willing buyers
Sensex rises, Nifty ends at record high; RIL shares rally.
India is the world's second-biggest sugar producer after Brazil and has been looking to offload a surplus in an already well-supplied world market.
The FY13 fourth quarter (Q4) earnings, however, fell short of analysts' expectation, as debt was still high at Rs 21,730 crore (Rs 217.3 billion), with much of the targeted non-core sales done.
With Mukesh Ambani taking over Network 18, the space for disseminating a diverse range of views could shrink, feels Paranjoy Guha Thakurta.
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