An Association of Democratic Reforms report states that 161 out of 230 MLAs in the newly-formed Madhya Pradesh Vidhan Sabha are crorepatis, while 73 MLAs have criminal cases filed against them.
The new guidelines restrict bankers not just from advising private sector companies in the 'same line of business' on public issues.
The income of these parties from "unknown" sources was Rs 689.44 crore, which is 53 per cent of their total income.
A recent report put out by the Association for Democratic Reforms and National Election Watch revealed that 47 per cent of the newly-elected Uttar Pradesh assembly has candidates with criminal cases pending against them.
ICICI Bank has emerged as the single Indian entity considered worth investing by Libyan dictator Muammar Gaddafi and the investment has given an impressive return of over 25 per cent in past one year alone.
When it comes to financial contributions/donations, political parties in the country seem to benefit a lot by them as a significant part of their income depends upon them.
The role of foreign investors in the Indian capital market is gaining significant momentum, as foreign stake in Indian companies has shown a sharp upturn in the quarter ended September 30, which saw net inflows of $12 billion.
Starting its journey with a gross revenue of $5 million during its stock market debut on June 14, 1993, Infosys has reached dizzying heights, with a revenue of $10.93 billion in 2017-18
"Gupta had inadvertently ingested a prohibited substance (terbutaline), which can be commonly found in cough syrups," said the BCCI in a statement.
Defending the new foreign investment guidelines released this week, commerce and industry minister Kamal Nath said on Friday the norms would not distinguish between different forms of foreign capital.
The survey conducted jointly by Association for Democratic Reforms and UP Election Watch to study impact of demonetisation on poll expenses said, "Demonetisation will have no impact in the campaigning or the poll expense."
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
ICICI Bank has asked the government not to take into account overseas securities like ADR and GDR when deciding on whether a bank is Indian or foreign.
Tata Motors Ltd has completed the public filing for listing the American Depository Receipts on the New York Stock Exchange.
The party's steady flow of money from industrialists has all but dried up, leaving a cash crunch so serious that it's been forced to crowd-fund for a candidate.
Actor Kushal Punjabi, who appeared in films such as Kaal and Lakshya as well as the reality show Fear Factor, was found dead in his Bandra apartment, in north west Mumbai, in the early hours of Friday, police said.
The saffron party received Rs 460.78 crore while the Congress got Rs 186.04 crore.
Reports say that law firms in the US have begun filing class-action suits against Satyam and its beleaguered executives for fraud. Two such class action lawsuits -- one by a US law firm Izard Nobel LLP and the other by an investor in Satyam ADS -- have been filed in a district court in New York.
Under the revised norms, the price of the shares to be issued to overseas investors will not be less than the average of the weekly high and low prices on the stock exchanges during two weeks, instead of six months.
W L Ross & Co has acquired 1.8 million American Depository Receipts (ADRs) of Satyam (Mahindra Satyam) from NYSE Euronext for $4.6 million (over Rs 20 crore) at an average price of $2.5 per share, the parent firm of W L Ross, Invesco, said in a Securities and Exchange Commissions (SEC) filing.
IDR listing norms are to be changed to attract foreign companies and to make BSE more competitive.
Satyam Computer Services, India's fourth-largest software services provider, today came under fire from institutional investors after the company announced its acquisition of two companies -- Maytas Infra and Maytas Properties--for $1.6 billion (around Rs 7,680 crore).
Infosys Technologies Ltd allotted 179 equity shares of par value of Rs 5 to Bankers Trust Co, New York, the depository of company's ADRs
Shares of Tata Motors, which surged over eight per cent in morning trade, shed gains to settle up three per cent on the Bombay Stock Exchange and National Stock Exchange as the company launched the world's cheapest car 'Nano'.
In a landmark decision the Central Information Commission (CIC) has ruled that the income tax returns of political parties will come under the purview of the Right to Information Act (RTI). The move will, it is hoped, enable the public to get details on the funding sources of political parties.
Anil Ambani group company Reliance Communication Ventures Ltd on Friday decided to offer stake worth up to Rs 4500 crore (Rs 45 billion) to international financial and strategic investors.
In a move to allow US investors to directly participate in India's equity markets, Chicago-based US Futures Exchange (USFE) will exclusively license the Bombay Stock Exchange's Sensex for US dollar-denominated futures trading beginning February 22 next year. At present, US investors can buy only a handful of Indian stocks listed on the New York and Nasdaq exchanges through an American Depository Receipt (ADR) authorisation.
Rashesh Shah, MD, Edelwiss Capital, said apart from participating in mega public offers, ADRs, and FCCB conversions, FIIs have started investing in the secondary markets over the last few weeks.
The US stocks slumped on Thursday on signs of further weakness in the housing sector.
The third phase will see the maximum number of seats going to the polls in this election spread across 12 states and 2 Union territories.
Foreign institutional investors have been allowed to invest up to Rs 5,400 crore (Rs 54 billion) in Reliance Communications through ADRs or GDRs.
23 of the DMK's 24 candidates are crorepatis!
For some of the business majors, the fund outgo for the 2019 elections has risen as much as 15 to 20 times, compared to the amount given to political parties five years ago.
The government said that the massive amount of political donations were earlier made in cash by individuals or corporates using 'illicit means of funding'.
The company, which made the biggest ever acquisition in the Indian pharma history last year by taking over controlling stakes in DocPharma in Belgium, has finalised the Latin American deal and an announcement would be made soon.
Ruling out any relaxation in regulations, market regulator SEBI on Saturday said it will soon allow real estate funds, short selling by big investors and a system of stock lending and borrowing.
Companies going for overseas listing can now breathe easy, as the government has amended the ADR/GDR norms to allow them such issues for companies going for simultaneous listing of their shares or follow-on offers in international capital market.
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