Foreign brokerages said if SBI decide to buy stake in the bank, they should buy it at Rs 1 per share as the net worth is hugely impaired.
Bharatiya Janata Party president J P Nadda on Thursday met leaders of the party's allies in Uttar Pradesh -- Anupriya Patel of the Apna Dal-S and Sanjay Nishad of the Nishad party -- at his residence in New Delhi as part of its government formation exercise.
President Droupadi Murmu said the nation will benefit from Dhankhar's long and rich experience in public life and extended her best wishes for a productive and successful tenure.
Logistics services provider Delhivery is likely to launch its downsized initial public offering (IPO) this week, said people in the know. The Softbank-backed firm may trim its issue size from Rs 7,460 crore to Rs 5,500 crore to align with the volatile market conditions, sources said. Sources added the fresh issue component of the IPO could be reduced to Rs 4,500 crore and the OFS component to Rs 1,000 crore.
JP Duminy will captain a South Africa Twenty20 squad with three new caps to take on India in three matches later this month, Cricket South Africa announced on Tuesday.
L&T Housing Finance on Thursday announced selling L&T Investment Management (LTIM) to HSBC Asset Management (India) at $425 million. LTIM is the investment manager of the mutual fund business of L&T. The divestment of the mutual fund business is in line with the strategic objective of L&T Finance Holdings of unlocking value from its subsidiaries to strengthen its balance sheet, it stated in a press release. The data from the Association of Mutual Funds in India (Amfi) shows L&T Mutual Fund (MF) has average assets under management (AAUM) worth Rs 78,273.80 crore, while HSBC MF has AAUM of Rs 11,314.32 crore as in the July-September quarter.
The Bharatiya Janata Party has fielded two Congress turncoats and its former Union minister Vijay Sampla for next month's Punjab assembly polls as it released its second list of 27 candidates on Thursday.
More than 100 senior leaders and functionaries have been deployed to work as district in-charges in 44 assembly segments in Western Uttar Pradesh to coordinate and streamline campaigning and booth management, BJP leaders in New Delhi said.
Samajwadi Party patriarch Mulayam Singh Yadav tried hard to convince his daughter-in-law Aparna Yadav to not join the Bharatiya Janata Party, party chief Akhilesh Yadav said on Wednesday and expressed his happiness that the SP's socialist ideology is expanding its reach.
Nadda also met Chandrashekar Kambar, a Jnanpith award recipient as part of the BJP's ongoing nationwide campaign on the abrogation of Article 370 in Jammu and Kashmir.
The talks took place on the sidelines of the G-20 foreign ministers' meeting in the Indonesian city of Bali.
Nadda said 130 crore people of the country have come forward to take vaccines on the call of Prime Minister Narendra Modi, despite the opposition trying to mislead them and create obstructions.
'That is the one headline the world is reading about India this week, and it is a potentially damaging story...' 'I don't think a panic mentality has set in, but this story is one that investors and market watchers are absolutely seized with.'
Voting will be held on Thursday for the first phase of Gujarat Assembly elections in 89 seats spread across 19 districts in Saurashtra-Kutch and southern parts of the state where 788 candidates are in the fray.
"Jai Bangla" was a popular slogan during the Bangladesh liberation war, while the BJP is promising people to make the state "Sonar Bangla" if voted to power in the coming assembly election.
The politically crucial Malwa-Nimar region of Madhya Pradesh played a key role in propelling the Congress to power in 2018 after a gap of 15 years and the party is utilising the Rahul Gandhi-led Bharat Jodo Yatra to strengthen its position in the belt a year ahead of the assembly polls.
J P Dutta and Bindiya Goswami's daughter Nidhi wed Director Binoy Gandhi in Jaipur on March 7.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Kings XI Punjab's Nicholas Pooran has been in smashing form in the ongoing Indian Premier League and former Indian batsman Sachin Tendulkar has been impressed by the West Indian's clean striking abilities.
Sixteen merchant banks are in the fray to act as book running lead managers (BRLM) for the initial public offering of Life Insurance Corporation of India (LIC). These merchant banks will have to make a presentation before the Department of Investment and Public Asset Management (DIPAM) on August 24-25. The shortlisted banks are BNP Paribas, Citigroup Global Markets India, BofA Securities, Goldman Sachs (India) Securities, HSBC Securities and Capital Markets(India), J.P. Morgan India, Nomura Financial Advisory and Securities (India), Axis Capital, DAM Capital Advisors, HDFC Bank, ICICI Securities, IIFL Securities, JM Financial, Kotak Mahindra Capital, SBI Capital Market, and Yes Securities India.
The bank is facing a slew of government legal actions.
J P Morgan Property Fund, which has mobilised over $300 million to focus on Indian real estate, is going to set up a residential project in Chennai, at an estimated cost of Rs 400 crore (Rs 4 billion).
Anand Sharma said weaponisation of laws and their use to target and humiliate people should not happen.
No major glitches in electronic voting machines were reported and the voting passed off peacefully with high security observed at the 3,360 critical booths in 493 locations where more than 25,000 police personnel, nearly 13,000 home guards and 100 companies of paramilitary forces were deployed, officials said.
The panel, chaired by Mallikarjun Kharge, has been tasked with addressing differences between Punjab Chief Minister Amarinder Singh and former minister Navjot Singh Sidhu.
The longest-serving chief minister of any Hindi- speaking state, Nitish Kumar seems to have acquired an aura of indispensability when it comes to the highest seat of power in Bihar.
Many factors like women, caste combination, education qualification, age and performance of the legislators will be taken into consideration before the formation of the Yogi government 2.0, sources said on Thursday. Several rounds of meetings have taken place within the party after the poll results came out on March 10.
The committee has given its recommendations to Congress president Sonia Gandhi, who will take necessary action, the sources pointed out.
For the first time, non-upper castes are in a majority in the board, as the party continues with its outreach to traditionally weaker and backward sections of society.
Though the Congress, AAP and other Opposition parties may have high hopes and some positive takeaways to seize on from the results, it is the BJP which has a big headstart and is firmly in the lead.
Celebrations broke out outside the Rajasthan BJP headquarters in Jaipur and the party workers burst firecrackers and distributed sweets as Murmu emerged victorious in the presidential poll.
The home ministry has taken cognisance of the "serious security lapse" and has sought a detailed report from the state government. The State Government has also been asked to fix responsibility for this lapse and take strict action.
There are so many patriotic songs that make us proud to be Indians.
Foreign institutional investors (FIIs) have raised stake in billionaire Mukesh Ambani-led Reliance Industries to a record 25.2 per cent in the quarter ended September 30, according to the company's regulatory filing. Reliance Industries (RIL) on Thursday filed a statement showing the shareholding pattern for the quarter ended September 30.
The MHA had on Friday summoned Bandopadhyay and DGP Virendra asking them to present themselves on December 14 for an explanation on the law and order situation in the state, following governor Jagdeep Dhankhar's report on the attack on Nadda's convoy by alleged supporters of the ruling TMC.
The Somali-American model is making the right career choices.
The government has appointed 10 merchant bankers including Goldman Sachs (India) Securities, Citigroup Global Markets India, and Nomura Financial Advisory and Securities India to manage the mega initial public offering of country's largest insurer LIC. Other selected bankers include SBI Capital Market, JM Financial, Axis Capital, BofA Securities, JP Morgan India, ICICI Securities, and Kotak Mahindra Capital Co Ltd, a circular on the divestment department website said. "Government has finalised the book running lead managers and some other advisors for the IPO of LIC," DIPAM Secretary Tuhin Kanta Pandey tweeted. The divestment department had invited applications for the appointment of merchant bankers on July 15.
She also took a swipe at the Bharatiya Janata Party over its defeat in the just-concluded Himachal Pradesh assembly elections, saying the ruling party's president could not hold on to his home state. "Who is the Pappu now?" she asked.
The RJD leader said the coming to power of the Mahagathbandhan government with the JD-U, the RJD, the Congress and other parties uniting "augurs well for opposition unity".
Three business houses are likely to be in the final race to strike a deal with Germany's Metro AG for investing in its India unit -- Metro Cash & Carry. Industry sources in the know named Reliance, Adani Group, and Thailand's conglomerate Charoen Pokphand (CP) as potential frontrunners to acquire a partial or full stake in the Gurugram-headquartered Metro Cash & Carry, which has 31 stores and 5,000 direct employees. Around 20 companies, including strategic and private equity investors, were approached by the German chain, inviting them to bid for the Indian wholesale business, according to a source aware of the M&A developments.
