Equity fundraising through qualified institutional placements (QIPs) has gained traction, thanks to supportive equity markets and the need for fresh fundraising to meet capital expenditure (capex) requirements.
Fundraising through qualified institutional placement (QIP) has revived this year, led by commercial banks, after a lacklustre 2022. According to data compiled by Prime Database, Indian companies have raised Rs 53,070 crore in 2023 so far, of which seven banks - Union Bank of India, Indian Bank, Bank of India, Federal Bank, IDFC First Bank, Bank of Maharashtra, and J&K Bank - account for Rs 21,290 crore, or about 40 per cent. If other financial institutions are included, the figure surges to Rs 26,690 crore.
'The decrease in the popularity of white cars and the rise in preference for darker colours like black, grey, and blue over the past three years reflect changing consumer attitudes.'
Countries negotiating free trade agreements (FTAs) need to keep in mind eight "myths" which surround these pacts, like they lead to accelerated increase in exports and promote domestic manufacturing, according to a report by think-tank GTRI. The report by Global Trade Research Initiative (GTRI) claims to dispel these 'myths', including that FTAs weaken the WTO (World Trade Organisation), countries are rushing to do FTAs, and these pacts promote investment and lower prices. It is "erroneously" believed that most world trade happens through the FTA route, but in reality, it is less than 20 per cent, said the report titled 'FTAs: Fabulous, Futile, or Flawed?'.
In a major development, India and the US have agreed to end six trade disputes at the WTO through mutually agreed solutions, while New Delhi will remove retaliatory customs duties on certain American products such as almonds, walnuts, and apples.
Amazon Prime Video has announced 69 assorted Web series and movies, and the slate sure looks interesting.
According to the minister, his son Vikas Kishore lives at his Lucknow residence but he was in Delhi when Vinay Srivastava, described as his friend, was murdered at the house.
Companies, which missed out on listing earlier, are giving it another shot but with significantly-reduced issue sizes. In the recent past, companies such as TVS Supply Chain Solutions, Suraj Estate Developers, and ESAF Small Finance Bank have re-filed their draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (Sebi). This came after they slashed their issue sizes by 20-60 per cent.
As many as 31 mainboard IPOs raised a cumulative Rs 26,272 crore in this period, according to Prime Database. During the April-September 2007 bull run, 48 IPOs totalling Rs 21,243 crore were launched. The number of deals in H1FY24 was 2.2 times that of the same period of the last fiscal year, but the amount raised was 26 per cent lower.
Readers have responded resoundingly to our invitation to congratulate the ISRO team for Chandrayaan-3's successful Moon landing.
The ruling Bharatiya Janata Party won the mayoral elections in 10 of the 17 municipal corporations in Uttar Pradesh, results for which were announced on Saturday, virtually adding a third engine to its "double-engine" government.
'The Governor is pleased to appoint Justice High Court, Allahabad (retd) Pradeep Kumar Srivastava as a single-member Commission of enquiry with Headquarters at Lakhimpur Kheri'
The Congress has alleged that she was arrested on Monday while she was on her way to Lakhimpur Kheri.
The boy from Kanpur kept his audiences in theatres, on television and lately on social media platforms engaged with vivid societal sketches, be it about travelling in Mumbai's famous locals or lampooning queues at wedding buffets.
There is a need to think about the collegium system so that appointments in higher judiciary can be accelerated," Rijiju said.
The SP candidates in these seats include Mulayam Singh Yadav's daughter-in-law Aparna Yadav and three ministers, one of whom was recently sacked.
"Those named in the FIR should go to jail. The government should take immediate action and the matter should be probed by a sitting judge of the high court. There are videos clips, statements of eyewitnesses, the statement (of minister) in which he is threatening. As he (accused Ashish Mishra) is the son of the MoS, action has note been taken yet," he said.
A record five Indian-American lawmakers from the ruling Democrat Party, including Raja Krishnamoorthi, Ro Khanna, Pramila Jayapal and Ami Bera have been elected to the US House of Representatives, while several others were elected in state legislatures, in one of the most polarised midterm elections in the country.
On July 31, 2019, the doctor was suspended for the second time while he was already under suspension for allegedly forcibly treating patients at the Bahraich District Hospital and criticising policies of the government.
Congress general secretary Priyanka Gandhi Vadra sat on a hunger strike on Monday after being detained in Uttar Pradesh's Sitapur district while she was en route to Lakhimpur Kheri, her party said.
An application has been filed by advocates Shiv Kumar Tripathi and CS Panda in the suo motu case registered on a letter petition sought setting aside of the order dated February 10 of the Lucknow bench of the Allahabad high court.
Luka Chuppi delivered a big success for Director Laxman Utekar, and its stars Kriti Sanon and Kartik Aaryan.
During the daily briefing, Joint Secretary Punya Salila Srivastava told reporters that five villages in Haryana have been sealed and the residents have been quarantined as 'foreign members' of this Islamic organisation had stayed there.
With the Yogi Adityanath government taking credit for cracking down on criminals and making it an election issue, political parties are now having a rethink on aligning with those who have a criminal background but also enjoy influence in their areas.
The Supreme Court on Monday suggested that a former high court judge monitor the ongoing probe by the Uttar Pradesh police into the October 3 Lakhimpur Kheri incident in which eight people, including four farmers, were killed in violence during a farmers' protest, saying the investigation was not going the way it expected.
Senior bureaucrats Avinash Joshi and Niraj Verma are among the 10 candidates who are in the race to become chairman and managing director of India's largest oil and gas producer, ONGC. Mangalore Refinery and Petrochemicals Ltd (MRPL) director-finance Pomila Jaspal and ONGC director for technology and field services Om Prakash Singh are the other prominent names in fray for the top job, according to a candidate shortlist by the Public Enterprise Selection Board (PESB). PESB - the government headhunter - will hold interviews to select the new head of Oil and Natural Gas Corporation (ONGC) this week. Both the bureaucrats are from the 1994 batch of IAS officers belonging to the Assam-Meghalaya cadre.
The ruling Bharatiya Janata Party is headed for a big win in the Uttar Pradesh legislative council polls, bagging Barabanki and Ayodhya and leading in several other places. But it lost Varanasi to an Independent candidate.
He was not comfortable with the bahubali politician's presence in Siwan after his release.
"Would your Lordships give me time till Monday? I have almost got it done. We are working something out," senior advocate Harish Salve, appearing for the UP government, told the bench headed by Chief Justice N V Ramana. "List on Monday," said the bench which, also comprised justices Surya Kant and Hima Kohli, acceding to the request.
Government headhunter PESB on Friday did not find anyone suitable from nine candidates, including two serving IAS officers, to head India's largest oil and gas producer, ONGC. The Public Enterprise Selection Board (PESB) interviewed 9 out of the 10 candidates who had applied for the post of chairman and managing director of Oil and Natural Gas Corporation (ONGC). "Keeping in view the strategic importance and vision for the company and its future, the Board did not recommend any candidate and decided to constitute a Search Committee," PESB said in a notice after interviews. Those interviewed included senior bureaucrats Avinash Joshi and Niraj Verma.
Gupta was killed in communal violence that broke out in Kasganj on the Republic Day. He died of gunshot wounds. The killing led to a spiral of violence in the western UP town. At least three shops, two buses and a car were torched in the violence.
These recommendations are based on interactions held by the Banks Board Bureau with eligible candidates from PSBs towards appointment against vacancies in PSBs for the period 2018-19
Action against the foreign Tablighi Jamaat members were taken after over 2,300 activists, including 250 foreigners of the Islamic organisation were found to be living at its headquarters located at Delhi's Nizamuddin despite the 21-day lockdown imposed to check the spread of coronavirus.
The Supreme Court of India on Wednesday appointed Justice Rakesh Kumar Jain, a former judge of the Punjab and Haryana high court, to supervise the Uttar Pradesh SIT's probe on day-to-day basis into the Lakhimpur Kheri violence in which eight people including four farmers were killed on October 3.
A total of 16 secretaries have been appointed to various central government departments.
Given the controversy over Uttar Pradesh's population control moves, Hemant Shivsaran/Rediff.com digs deep to find out how many children BJP MLAs in UP have.
The Padma Bhushan was conferred on 17 personalities including N Chandrasekharan, chairman of Tata Sons, Krishna and Suchita Ella of Bharat Biotech, Cyrus Poonawalla, Satya Nadella, chairman of Microsoft, Sunder Pichai, chairman of Google.
States were directed to ensure there is no movement of people across cities or on highways. Only movement of goods should be allowed.
There was a delay in sowing of kharif onion because of late arrival of monsoon and later floods in many states damaged the crop.
Dhirubhai Ambani lived in a one-room chawl in Mumbai with his wife and children and went on to establish the Reliance Group.
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