The company's IPO -- the first by a private bank in a decade -- was oversubscribed a staggering 69.62 times.
Combined net profit of BSE500 companies at $ 63 bn is 2.3% of GDP; global average is 5%.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Bandhan financial Services will raise funds via internal accruals.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Malaysia Airports Holdings Berhad is the minority partner with 11 per cent and 10 per cent stakes in the Hyderabad airport and the New Delhi airport respectively.
India story, pressure to invest are driving spurt in PE activity.
The inflation in vegetables remained stubborn, which jumped 16.91 per cent
State plans to ask Centre to increase K-G gas allocation.
The sequential expansion in margin was also going to continue as 'largely stable lending rates, coupled with traction in credit growth would support margins in the second half of FY10,' the report said.
Sources say given the complexity involved in the process of creating a holding company, which will ultimately be the parent company of banking and other businesses, banks are going slow in acquiring stakes in insurance arms or mutual funds of other lenders.
The current financial year would be a twilight year for the Indian information technology sector as the earnings of these companies may witness a declining trend, while there stocks could deliver positive returns, a report says.
Three stockmarket experts give their best picks for the New Year.
A vacation bench of Justices M M Shantanagoudar and Deepak Gupta was informed by Guha's counsel that he had tendered his resignation on May 28 to Vinod Rai, Chairman of the Committee of Administrators of the Board of Control for Cricket in India.
The report further said at a time when there is increasing concern over the funding of infrastructure projects by private players, the government has come to the rescue and its push to drive infrastructure spending can sustain the space in the medium term. It further highlighted that private players are facing bottlenecks because at present their access to capital is constrained and complete drying up of equity funding as risk aversion took over.
Infrastructure associations such as the National Highway Builders' Association say that interest rates on loans for road projects need to fall to 8-9 per cent for projects to become viable. Currently interest rates are hovering between 13 per cent and 16 per cent. The NHBA's Director General M Murli said that traffic projections made by the National Highways Authority of India should be a realistic figure.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Over the past two years, some 30 mid-career bureaucrats are said to have joined the private sector as COOs, CEOs and partners in consultancies.
It's the easiest thing to give people money, but the risk perception has changed, says Rajiv Lall, Managing Director, IDFC.
These firms owe Rs 13 trillion to lenders and account for 55% of all non-financial corporate debt.
Three key instruments that can help you meet your financial goals, while also allowing you to enjoy tax deductions are ELSS, term cover and health cover.
State governments are gradually taking initiative as far as developing highways is concerned.
The rupee has depreciated 10.5 per cent against the dollar this year, making it Asia's worst-performing currency.
President & CEO of IDFC Private Equity Group, Luis Miranda, spoke on various issues relating to private equity in an exclusive interview with Rajesh Bhayani.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The exchange, Indian Energy Exchange (IEX), received bids for 13,176 Mwh of power when operation commenced and the transaction took place in the price range between Rs 6.46/kwh and Rs 8.01/kwh. Power will be delivered on Saturday as IEX is trading a day ahead currently.
In a filing to the Bombay Stock Exchange, Suzlon Energy said the board has also approved increasing the private investment limit in one of its subsidiary to 17.1 per cent for a consideration of Rs 400 crore (Rs 4 billion). However, the company did not disclose where it would deploy the funds raised.
The company is still short of over Rs 4500 crore (Rs 45 billion) to refinance the debt which is due before June 2 this year. The company had planned to raise the fund for refinancing through three routes. It planned to raise about Rs 4200 crore through rights issues which it managed after the issue devolved on underwriters in October as the stock prices were tumbling globally following the economic crisis.
A clutch of foreign and domestic institutions has submitted expressions of interest to acquire at least 26 per cent in the Delhi-based Industrial Finance Corporation of India (IFCI).
Sebi wholetime members T C Nair and M S Sahoo passed the 26th such consent order on October 31, asking Bansilal Mehta and Chimanlal Shah to remit Rs 4,26,000. Mehta and Shah 'were alleged financiers to key operators for cornering shares in the IPO of IDFC', the order said. The regulator had earlier prohibited them from buying, selling and dealing in securities. So far, the regulator has settled 128 cases through consent orders.
State-owned India Infrastructure Finance Company Ltd has tied up with Infrastructure Development Finance Company, and global equity investors Citigroup Inc and Blackstone Group to launch a $5 billion infrastructure fund.
HDFC MF has had a history of stock options and gave additional ESOPs to key staff a few months ago
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Vijay Kelkar, former advisor to the Union finance minister, has joined the board of Tata Chemicals Ltd as director.
HealthCare Global, an oncology care hospital chain, has received a funding of $20 million from PremjiInvest, a private equity fund sponsored by Azim Premji. With this funding, PremjiInvest has bought a "significant minority stake" in HCG. This is the third round of funding the hospital has received after it initially received Rs 50 crore from IDFC Private Equity and the second funding of Rs 10 crore from Evolvence.
Investors can sell their entire equity and move to debt when stocks get expensive
The RBI has agreed to consider the application of India Post in consultation with the government.
Two key depts in ministry cold to rationale for one; postal dept says it's more eligible than IDFC or Bandhan, feels 'strong lobby' scuttling its plans.
Among the stocks that have seen the largest cut by MFs, the DVR shares (shares with differential voting rights) of Tata Motors have seen a cut of 243 basis points (bps) in MFs' stake.
Finance ministry is understood to have reservations on the ownership of minority stakeholders in Hutchison-Essar and is likely to raise the issue at the FIPB meeting.
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