The amount is around a fifth of the cumulative investment in fixed assets by these companies.
Other developers that have sought additional time include Alstom Bharat Forge Power, Sesa Sterlite Ltd and Cognizant Technology Solutions. Vedanta Aluminium has asked for extension of the validity of the approval granted by the board for setting up an SEZ in Odisha beyond May 22.
The Modi government's e-auction policy for coal, meant to shield the consumer against hike in electricity charges, has already led to serious allegations of cartelisation among the bidding corporates. Matters came to such a pass that the government at one point last week was considering inviting the Central Bureau of Investigation to probe the matter, reports Sheela Bhatt/Rediff.com.
About 48.5 million shares, or 20 per cent of the shares on offer, are reserved for retail investors
Markets extended gains led by financials and capital goods shares coupled with a rebound in IT shares.
Besides the manufacturing industry, voices in favouring the need for protectionism have also been heard from local start-ups, which at times find it tough to compete with global players that entered India with deep pockets.
Brokers said a flurry of buying by investors in blue-chips mainly influenced the sentiment.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The government on Thursday fixed Rs 358 a share as the floor price for up to 10 per cent stake sale in Coal India on Friday, which may help the exchequer garner about Rs 22,600 crore (Rs 226 billion) in the biggest sale of shares.
The acquisition of the debt-laden Binani has catapulted Birla-owned UltraTech to the top spot in India, leaving it free to turn attention to overseas market
A century-old company -- that started as an infrastructure provider for large religious gatherings like the Kumbh Mela -- has expanded its role to keeping the premises of such gatherings litter-free.
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Using available government data, the team is targeting $30-40 billion worth of iron and steel products that are imported into India.
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Experts tell Ujjval Jauhari that investors need to be careful in picking stocks given high valuations and with markets possibly ignoring potential risks
Biggest ever share sale by any private or public sector co in India.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Mumbai's famous dabbawalas are reinventing themselves to meet the challenge posed by food delivery portals.
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