Brace yourselves to shell out more for home loan instalments.
Life Insurance Corporation of India and General Insurance Corporation of India are planning to take exposure in Maruti Udyog from the secondary market once the shares in the automaker drop below Rs 115.
The NMDC issue was oversubscribed 1.73 times on Wednesday, fetching Rs 6,000 crore (Rs 60 billion) for the government for its 10 per cent stake, thanks to strong participation from FIIs and state-run insurer LIC.
If purists are surprised as to why and how people are not demanding prohibition or not talking about past promises, both in the election manifestos five years back and even those made to the courts, the answer lies in how the state has been evolving and changing these past few years, says N Sathiya Moorthy.
The government's 4 per cent stake sale in Hindustan Copper was on Friday over-subscribed, marking the start of ambitious Rs 30,000-crore (Rs 300 billion) disinvestment programme that is crucial for meeting the fiscal deficit target.
Some lenders in talks with LIC for pvt placement
UTI, HDFC, Reliance MF and SBI MF already source 17-25% of funds from small towns.
Clearly, the extra borrowing of Rs 4.2 trillion the government has planned so far will not be enough to meet the shortfall in revenues which could be between Rs 8 trillion and Rs 10 trillion, points out A K Bhattacharya.
More than a dozen corporates, including big names such as Aditya Birla Group, M&M, L&T, as well as state-owned PFC, LIC and India Post, are likely to apply to the Reserve Bank for licence to open banks.
Over the years, NHAI's expenses have spiraled due to sharp increase in land acquisition costs, while budgetary support has shrunk, leading it to fall back on internal resources and market borrowings
Suriya Loganathan achieved a golden double, winning the 5,000 metres, at the 52nd National Open Athletics Championships in Chennai on Thursday. The Tamil Nadu lass, who had earlier got the better of Asian Games gold medallist Preeja Sreedharan in the 10,000 metres, held off a strong challenge from Railways' O P Jaisha and LIC's Monika Athare to emerge triumphant.
Nomura analysts said the Reserve Bank of India and the government would need to segregate the potential solvency issue at DHFL from liquidity issues at other larger wholesale NBFCs and HFCs.
'Imagine the message it sends to people. They will think tobacco cannot be a killer because LIC is investing in it.' 'The so-called rakshak (protector) has become a bhakshak (destroyer).'
Railways sprinter Merlin K Joseph smashed the 13-year-old national record in women's 100m race in the semi-finals on Sunday, but could manage only a bronze in the finals on the second day of the 53rd National Open Athletics Championships in Ranchi.
This was not Sharad Pawar or Prithviraj Chavan speaking. It was Uddhav Thackeray, the undisputed chief of the Shiv Sena!
Companies which have been dropped from the list include Tata Motors, Hindustan Unilever, MRF, Glaxo SmithKline Consumer Healthcare, Pfizer, Dr Reddy's Labs, Glenmark Pharmaceuticals, HDFC and Kotak Mahindra Bank
The largest financial institution, LIC, led the list of companies that paid up their advance tax this morning, with a spike in the amount to Rs 1,200 crore (Rs 12 billion) from Rs 1,070 crore (Rs 10.70 billion) a year ago, a senior income tax official said in New Delhi on Thursday.
RBI said the improvement in asset quality was driven by state-run lenders which saw a drop both in both GNPA and in the net NPA ratios.
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
The hectic buying by domestic institutions, as also by some top-shot brokers in their proprietary accounts, was in sharp contrast to heavy selling of stocks by foreign portfolio investors
Cabinet set to approve broadened framework this week; market route to be pursued as well.
Junior national champion Aravindh Chithambaram, pulled off a big surprise by defeating compatriot and GM Deep Sengupta in the 4th Mayor's Cup International Chess Tournament in Mumbai on Saturday.
Singh's wife Pratibha Singh was also summoned as accused.
'No commercial bank will be allowed to fail. There is nothing to worry about.'
'RBI was focusing on public sector banks perhaps thinking that private sector banks are managed efficiently while PSU banks are not.' 'Now, RBI has to focus on private sector banks too.'
With mutual funds, promoters turning net-buyers, foreign investors may have to bid up prices to raise holdings.
Failure to sell Air India, IDBI may have prompted a change in strategy.
'I have been advising investors since the last couple of months to at least take their capital out.' 'Most of the people have made 50-60 per cent in the market, if not more, they must at least take their capital out.'
Film and television actor Arif Zakaria shares his tips on money and relationship mantras.
Japan's Orix Corporation, which was in talks with Reliance Industries (RIL) to sell its 23.87 per cent stake in Infrastructure Leasing and Finance Company (IL&FS), has bowled a googly.
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