The Securities and Exchange Board of India on Thursday barred Gammon India and four others from accessing the capital markets for a year.
The proposed initial public offering of Gammon Infrastructure Projects is unlikely to face any regulatory hurdle following the recent Securities and Exchange Board of India's order.
Acquisitions, slowdown put infra major in a spot, with bankers okaying debt restructuring.
The government's ambitious highway projects under the public-private partnership mode are in serious trouble. Construction companies have either not put in bids or have withdrawn from 20 such projects, which fall under the build, operate and transfer scheme.
Rediff reader Srinivas Samudrala, 58 from Telangana shares his story.
Justice Rewa Khetrapal directed the company to file its response by August 20 when the matter will be taken up for further hearing.
The company bid Rs 1,104 crore for a 7.5 hectare plot in the upcoming Bandra-Kurla Complex area.
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Among other scrips, which would be shifted to the trade-to-trade segment include 3i Infotech, Bartronics India, Ramky Infrastructure and Zenith Birla (India) Ltd.
Top gainers from the Sensex pack are ONGC, HDFC, HUL, RIL and Cipla.
Manavi Kapur profiles Sheikh Rafik Mohammed of Calicut, who has been appointed to the top military post in the Central Asian country.
Scheduled to be completed in 2016, the 4.94 km rail-cum-road bridge, India's longest bridge, will come up across the mighty Brahmaputra at Bogibeel in Assam. It is not only expected to be a lifeline for the Northeast, but will also strengthen the country's security.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
As FIIs pull out of road projects, doubts have surfaced about the future of new highways and roads
The redevelopment of stations is good news for construction companies.
Most of these road contracts are spread across Andhra Pradesh, Haryana, Karnataka, Odisha, Rajasthan, Tamil Nadu, Uttarakhand and West Bengal, with the government struggling to restart them.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'Hundreds of engineers have complained that they are being threatened by criminals for allotment of contracts and extortion.'
The contraction in M&A activity in India contrasts sharply with the upbeat global picture, much of it led by a reviving US economy.
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
With its new hybrid annuity model, the government is confident of getting more funds from India Inc.
Five stocks - Havells, NCC, Suzlon, Blue Star and Crompton Greaves look most attractive after the recent course correction.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
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Benchmark share indices ended lower on profit taking after they touched record highs in the previous session.
Broad-based buying aided sentiment and the market registers record turnover at Rs 6.86 lakh crore
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
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