The dead body of Army soldier Rahul Kumar of 23 GDR Battalion, martyred in the Kupwara encounter on Saturday night, was on Tuesday brought back to his native village Bulandhshahr in Uttar Pradesh.
The new guidelines restrict bankers not just from advising private sector companies in the 'same line of business' on public issues.
Athletics Federation of India (AFI) has installed a special strength-building German machine for the use of the country's elite javelin throwers like Olympic-bound Neeraj Chopa and Shivpal Singh at the Netaji Subhas National Institute of Sports in Patiala.
On the AIM market, Indian companies raised $343 million in 2010, more than any single country, accounting for 19 per cent of all money raised in the calendar year on the market.
More than 900 entities have been banned from the capital markets by Sebi
The company's board approved the airline's plan to raise the amount through issuance of equity shares or preference shares or through global depository receipts.
Vijay Mallya, promoter of debt-ridden Kingfisher Airlines, would have his stake falling a little below 50 per cent in the company, if a comprehensive debt restructuring is approved by the shareholders on December 20. On a fully diluted basis, it will drop by little over 16 per cent from the current 66 per cent.
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.
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.
The Securities and Exchange Board of India (Sebi) on Thursday hiked individual limits of mutual funds' investments in overseas equity instruments by $50 million to $150 million.
Budget may bring exemption for those backed by Indian securities other than shares
This will be over and above a Rs 3,655-crore domestic rights issue and a Rs 4,350 crore convertible preference share issue the company announced last month.
A goalless draw with GDR Monsanto enabled the Indians round off their tour of Portugal on an unbeaten note.
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.
SREI Infrastructure Finance Limited, one of the leading infrastructure project finance and infrastructure equipment finance company in India, got listed in the LSE on Thursday.
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.
Total income for the quarter ended March 31, 2019, stood at Rs 31,204.5 crore, up by 22.1 per cent from Rs 25,549.7 crore for the quarter ended on March 31, 2018,
Indiabulls Financial Services Ltd will raise up to $ 60 million through Global Depository Receipts from the international capital market to fund its working capital requirements.
Morepen Laboratories will soon be listed on Luxembourg Stock Exchange with its global depository receipts getting 'fully subscribed' by European institutional investors and the company will seek to list these fresh shares in the domestic market as we
The FIPB on Friday cleared the long-pending proposal of HDFC Bank to hike foreign holding in the bank to 74 per cent.
Sources said that the capital markets regulator Securities and Exchange Board of India has come across quite a few cases where GDR route could have been used for round-tripping of funds in the name of capital-raising activities of listed companies from abroad.
The queries, sent in November, were mainly about Capital Investment Trust, which the I-T department said, was used for the purpose of transferring foreign funds comprising global depository receipts (GDRs) of the value of $400 million to two Indian entities - Reliance Utilities & Power (RUPL) and Reliance Port & Terminal (RPTL), owned by the Ambani family. A show-cause notice issued on March 29 to Ambani's wife Nita, and their three children.
If the entire amount of Rs 24,000 crore is raised, then it would be the biggest fundraising exercise by any Indian company ever.
A fundraising boom in the domestic market and tightening of the regulatory framework for overseas issues are responsible for this trend.
Instruments such as Reits, InvITs, unsponsored GDR, GIFT find few takers.
Sensex ends in green, bluechips in spotlight.
Pune-based Rediff reader Aparna Phatak tells us how German language helped her break the barriers and connect emotionally to the people of Germany and its culture.
Increase in tax exemption limit by Rs 50000 is positive for the FMCG sector, as it will leave more discretionary income in the hands of consumers.
The commission asks for notification to be deferred; RIL's KG-D6 pricing issue may return to Cabinet
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