Funds raised were to support financing activities and meet working capital needs.
State-run power sector lenders Power Finance Corp and Rural Electrification Corp are mulling a foray into the banking space, a move that would foster greater competition in infrastructure funding.
Govt concerned about market conditions ahead of REC IPO as three major IPOs were withdrawn in January and few others have been shelved.
A follow-on public offer of the state-run Rural Electrification Corp to raise around Rs 2,900 crore (Rs 29 billion) is likely to come up by the end of the current financial year (2009-10).
Moody's has revised to positive the outlook on the long- term ratings of private sector lenders
The government is bullish on Coal India and ONGC's stake sale programme which are to be held soon.
Traditionally, issuance from Chinese companies dominate the green bond market, but other emerging market economies are coming up fast
All listed firms were required to have at least one woman director on their boards from April 1, 2015, as per a Sebi directive.
Going by the experience of the previous years -- when the actual proceeds from stake sale were much lower than the targets -- the government's disinvestment target for 2014-15 appears too ambitious.
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
Restructured debt from Indian power distributors lures investors
Move aimed at boosting retail investor participation in disinvestment.
The government's disinvestment programme is set to get a boost this Diwali, with the finance ministry planning to hit the market to sell a five per cent stake in Steel Authority of India Ltd (SAIL) by October.
When big offers hit the market, broader indices corrected 2-4%
While many promises remain unrealised, power reforms and the creation of tens of millions of new bank accounts have helped Modi maintain his popularity
Right steps you can considerably reduce the tax outgo.
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