HDFC Bank's latest shareholding data showed that the room for foreign investment has fallen just 5 basis points short of the threshold set by Morgan Stanley Capital International (MSCI) to fully include the stock in its indices. Currently, the index provider has applied an adjustment factor of 0.5 since the foreign room is less than 25 per cent. Removal of the adjustment factor will result in inflows of a massive $4.8 billion (Rs 40,000 crore) into HDFC Bank, according to Brian Freitas, a New Zealand-based analyst with Periscope Analytics.
The CRS has recommended that a drive should be launched to update the completion signalling wiring diagrams, other documents and lettering of signaling circuits at site.
Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mobilised by 37 IPOs in 2022-23, as disclosed by PRIME Database. However, if one excludes the mega Life Insurance Corporation (LIC) IPO, which came out in 2022-23, IPO mobilisation increased by 58 per cent from last year.
The Wire argued that the lower court's order prohibiting it from publishing any article related to Jay Shah was a curtailment of the Constitutional freedom of speech and expression.
Fundraising via the initial public offering (IPO) route by companies may touch Rs 1 trillion in financial year 2024-25 (FY25), according to a recent note by Pantomath Group - a mid-market investment bank. During the financial year 2023-24 (FY24), 76 companies tapped the markets through mainboard IPOs, Pantomath said, raising nearly Rs 62,862 crore. This is a 21 per cent rise compared to FY23, the note added.
Equity fundraising through initial public offerings (IPOs) rose 20 per cent during the financial year 2023-24 (FY24). During the period, 76 Indian corporates raised Rs 61,915 crore through main board IPOs, compared to Rs 52,116 crore mobilised by 37 IPOs in 2022-23, as disclosed by PRIME Database. However, if one excludes the mega Life Insurance Corporation (LIC) IPO, which came out in 2022-23, IPO mobilisation increased by 58 per cent from last year.
Kolkata Knight Riders batter Ramandeep Singh's innings may have gone unnoticed in front of Andre Russell's six-hitting spree, but Sunrisers Hyderabad head coach Daniel Vettori feels the 35-run cameo set the stage for the Jamaican's explosive match-winning knock.
Edge Southampton 2-1 to take campaign to final day of the season.
Dayal, Green or the Windies duo of Dre Rus and Narine?
Ben Stokes's England were panned by former captains after their humiliating 434-run loss against India in the 3rd Test in Rajkot on Sunday.
'You have to move on quickly in international cricket as we now have another important series coming up'
'It's such a mishmash of wonderful things, so many different cultures, subsections of society and weird histories.'
'Besides Ayodhya, the BJP lost in nine other constituencies with a Ramayana imprint; it tasted success only in Thrissur.' 'In Rameswaram, K Navaskani of the Indian Union Muslim League won with a 44% voteshare in a 84% Hindu constituency.' 'In the 21 seats in the Ayodhya and Varanasi regions, both crucial to the Hindutva project, the BJP won just 7.' 'It won just 3 out of 12 seats around Modi's constituency,' points out Krishna Prasad.
Over the last few years, the Ee Sala Cup Namde (The Cup is ours this time) slogan of Royal Challengers Bangalore has remained the pet troll of social media army. But not anymore after this Sunday!
The victory earned Hsieh her first mixed doubles Grand Slam title, and the 38-year-old is also in the running to win her seventh major women's doubles trophy, having reached the final Down Under with partner Elise Mertens.
The chief justice, while repeatedly stressing that he was not commenting on the case before it, also said that sometimes journalists write in a way that amounts to 'sheer contempt of court'.
The lack of clarity on who is next in line, when the time comes, as indeed it will one day some day, reflects poorly on the management of the world's largest political party. It scarcely need be said that a squabble between the contenders, Shah and Yogi, is exactly what the doctor ordered for the Opposition, notes Krishna Prasad.
The United States presidential election, which is just 10 days away, appears to be headed down to the wire, with opinion polls suggesting that incumbent Barack Obama's Republican rival Mitt Romney maintaining a lead over him, albeit a small one.
The police deployed tear gas and water cannons for a second day to stop the farmers from marching to Delhi.
"With an aim to meet the market demand, the company is setting up a steel wire manufacturing facility at Sinnar, 30 kms from Nashik. The company has already acquired 44.65 acre of plot from MIDC at Sinnar and will shortly commence construction there. The proposed facility will cover a built-up area of 15,000 sq mts and company's investment in this project will be around Rs 300 crore (Rs 3 billion)," the company sources said.
An FIR indicated that live overhead wires which snapped when the accident occurred, entangled with a few coaches, electrocuting the passengers trapped in them.
As the 'Delhi Chalo' agitation of farmers entered the third day on Thursday, two key border points between Delhi and Haryana remained closed for traffic, while security personnel in anti-riot gear conducted drills and mock exercises to ensure their fool-proof preparation.
Who do you think bowled the best spell in the LSG-RR game?
Former US Open champion Dominic Thiem huffed and puffed his way into the main draw of the Brisbane International on Saturday, but not before a hissing intruder slithered onto the court and briefly halted play.
RCB's openers gave the hosts the perfect start, before the middle order delivered once again to take the hosts to a defendable total. Cameos from Dinesh Karthik and Glenn Maxwell added the final flourish.
The Central Bureau of Investigation on Friday took into custody three railway personnel in connection with the June 2 Balasore train accident, making its first arrests in the case, officials said.
Reliance Jio added 34.7 lakh mobile subscribers in September, cementing its lead in the competitive telecom market, while Airtel's wireless subscriber tally rose by 13.2 lakh, according to monthly data put out by Trai. Vodafone Idea lost 7.5 lakh mobile subscribers during September, dragging its wireless user tally to 22.75 crore. Reliance Jio gained 34.75 lakh wireless subscribers in September, and its user base climbed to 44.92 crore, as per data by Telecom Regulatory Authority of India (Trai).
India's greatest para-athlete Devendra Jhajharia will be contesting on a BJP ticket from his hometown of Churu in Rajasthan.
Taking a strong view of Google pulling out some apps from its Play Store, the government on Saturday said delisting of Indian apps cannot be permitted and that the tech company and the startups concerned have been called for a meeting next week. In an interview to PTI, IT and Telecom Minister Ashwini Vaishnaw said the startup ecosystem is key to the Indian economy and their fate cannot be left to any big tech to decide. The minister's comments assume significance as Google on Friday began removing some apps, including popular matrimony apps, from its Play Store in India over a dispute on service fee payments, even as apps and well-known startup founders cried foul.
'Hope is about being more accepting of each other, the kind of solidarity and friendship that even our families may not be able to give.'
Kane Williamson hit an unbeaten century as New Zealand beat South Africa by seven wickets on the fourth day of the second Test
rediffGURU Samkit Maniar answers readers' personal income tax queries
Farmers will march towards Delhi on Tuesday after a meeting with two Union ministers over their demands, including legal guarantee to minimum support price (MSP) for crops, remained inconclusive.
The SIT had found several lapses in repairs, maintenance and operation of the bridge.
IMAGES from the Premier League match played between Manchester City and Brentford on Tuesday
GM India has asked customers facing problems with their remote keyless entry accessory to go to their Chevrolet dealer.
Go all out and treat yourself to some irresistibly decadent cookies.
In FY23, Indian operations accounted for 41.6 per cent of the consolidated revenue of India's top five multinationals, up from 34 per cent in FY18 and 33.2 per cent and 34.2 per cent in FY21.
The commuters moving between Delhi and Haryana were either stuck up for hours on the closed borders or walked on foot to reach their respective destinations.
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