The government is ready to support Air India, but wants the airline to improve its performance.
Alvarez & Marsal will develop a detailed restructuring plan for the group to demonstrate to shareholders and lenders that it was self-sufficient in repaying its liabilities. So far, the IL&FS management had been working on its revival plan.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
'The IPO window has been more or less open since the new government in 2014.'
After a month long gap, the primary market is heading for a busy time, with five firms including Paytm parent One97 Communications and policybazaar parent PB Fintech have lined up their IPOs in the first half of November to raise over Rs 27,000 crore collectively. The other three firms whose initial share-sales are set to open are Sapphire Foods India, which operates KFC and Pizza Hut outlets, decorative aesthetics supplier SJS Enterprises and microcrystalline cellulose manufacturer Sigachi Industries. The IPOs of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, and Fino Payments Bank are currently open for public subscription.
Infrastructure and inflation targeting are expected to be top priorities for the new Reserve Bank of India governor, says A V Rajwade.
The primary market is set for a bumper Rs 80,000-crore bonanza with 30 companies already filing IPO papers to raise Rs 55,000 crore, while around 10 more are lined up for this month itself, seeking to mop up another Rs 25,000 crore, say investment bankers. The market has been on a non-stop rally, hitting new records almost every week, on the back of an influx of investors -- a vast majority of them first-timers -- coupled with a flood of liquidity. Foreign funds alone had pumped in a record $35 billion into the market in FY21, while the trend has continued this fiscal as well. Domestic institutions led by LIC have also infused trillions of rupees, helping woo retail investors in troves -- the year saw over 20 million new investors coming to the market.
The first quarter of 2018 saw infrastructure and real estate drive investment worth close to $8 billion across 180 deals
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Joydeep Ghosh takes stock of personal finances after the life-altering surprises of 2016.
JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
Since the beginning of 2020, i-bankers have collected nearly Rs 1,800 crore by way of IPO fees. Interestingly, the India fees this year form just 1 per cent of the global fee pool of $13.7 billion from IPOs.
Control over PSU banks is what is allowing the government to drive this scheme.
The entry of the deep-pocketed conglomerate is expected to heighten competition.
Here's the full text of Prime Minister Narendra Modi's address to a joint session of the United States Congress, delivered on Thursday.
Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.
'Companies with a strong business case and healthy balance-sheet should sail through and emerge more robust in the future.'
Taxation and intellectual property rights issue are some basic starting point impediments for US businesses in India, a top Indian-American CEO said on Monday.
From Singapore to Almora, Abhishant Pant has survived without cash, and he wants to continue in that state all his life.
Every move that strengthens Cyrus Mistry's position in companies like Indian Hotels could prolong the uncertainty.
Top 5 losers include Lupin, Cipla, Sun Pharma, Dr Reddy's Lab and GAIL down 1.6%-11%.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Begin with ITC. Larsen & Toubro, yes. ICICI and HDFC, yes again.
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
the three investors that have submitted their final bids are not commercial banks. Among the three, one is a non-banking financial company. Another distinctive feature of the revival is that PMC may lose its cooperative bank characteristic after its reconstruction.
Analysts say the company remains on a firm footing, stake sale by the founders will not impact fundamentals.
Brand associations have helped Priyanka Chopra-starrer gain traction in traditional and digital media.
A customer wanting to buy a car would have to wait a long time for delivery.
Investment in market leaders with a safety-first approach could yield reasonable returns across sectors.
Here are 15 things that would have made 2015 a great year.
But increase in the statutory contribution will boost retirement corpus
After last Monday's massive fall in the Indian markets, a lot of quality stocks have fallen significantly.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
It has so far managed to raise only Rs 1,700 crore (Rs 17 billion), by divesting a 5% stake in Steel Authority of India.
In the first part of an exclusive interview with Sheela Bhatt/Rediff.com on the eve of the first year of the Narendra Modi-led NDA government, BJP President Amit Shah talks about the government's achievements and the controversy over the land ordinance.
Dr Manjiri Bakre's OncoStem is revolutionising breast cancer treatment. And has raised $6 million to do more!
