Sebi has restructured its advisory committee on market data that recommends policy measures pertaining to areas like securities market data access and privacy. Rejigging its market data advisory committee, Sebi has said the panel will now have 21 members, as per the latest information with the regulator. Earlier the committee had 20 members. The committee is chaired by M S Sahoo, Professor at National Law University, Delhi and former chairperson, Insolvency and Bankruptcy Board of India (IBBI).
Much, much, much before Rocky Aur Rani Kii Prem Kahaani fussed over What Jhumka, Asha Bhosle trilled in her alluring voice and teased us with tantalising details about the events leading to her precious Jhumka's loss. Sukanya Verma celebrates the singing legend who turns 90 on September 8.
Family offices are increasingly looking to invest directly in start-ups rather than through investment in venture capital (VC) firms. The shift is happening because of multiple reasons. Next-generation scions of wealthy families are conversant with how the start-up world works after they have spent time in Silicon Valley; start-up investment is rising to 10-15 per cent of family offices' portfolios from single digits; and they do not want to share gains of investment with VC firms. "While earlier they would prefer to invest in this asset class via venture capital (VC) funds as LPs (limited partners), now they are making direct investment in start-ups.
Reliance Infrastructure Ltd on Wednesday said its shareholders have approved raising funds up to Rs 550.56 crore through issuance of shares on a preferential basis. The funds raised would be utilised for long-term resources, for general corporate purposes and to fund future growth, the company said in a regulatory filing.
Reliance Industries Ltd has exited the last of its shale gas assets in the US after it agreed to sell its holding in Eagleford shale gas assets for an undisclosed sum of money.
Blackstone on Monday said funds managed by the private equity firm will acquire a majority stake in IT firm Mphasis Ltd, triggering an open offer for acquisition of up to 26 per cent stake for about Rs 8,262 crore. A wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), UC Investments (Office of the Chief Investment Officer of The Regents, University of California) and others will co-invest along with Blackstone, a statement said. Based on the open offer subscription, the blended purchase price will vary between Rs 1,452 to Rs 1,497 per share (12-16 per cent premium to 12-month average price and 3-6 per cent discount to 6-month average price) and the purchase consideration will vary between Rs 15,200 crore to Rs 21,000 crore (approximately$2-2.8 billion), the statement said.
Re-polling would be held on Thursday in six polling booths of three of the five Lok Sabha constituencies which went to polls on April 7.
In some cases fake degrees and certificates were uncovered.
The largest deal of this year was Centerbridge Partners LP investing $1,157 million in Senvion SE for 100% stake from Suzlon Energy.
The new Huracan Spyder combines performance of the Huracan Coupe paired with the emotional facet of open air driving.
In these pandemic stricken, music bereft times, what can be more joyous than a playlist of 25 golden melodies? Sukanya Verma curates one for you.
Setting aside Sebi's direction, the Securities Appellate Tribunal (SAT) on Monday allowed PNB Housing Finance to go ahead with the shareholders' meeting on Tuesday to consider the proposed Rs 4,000 crore-investment by private equity firm Carlyle and others in the mortgage firm. However, results of the shareholders' voting will not be disclosed till further directions from the tribunal. The ruling comes hours after PNB Housing Finance informed stock exchanges that it has appealed against Sebi's direction on June 18 wherein it was asked to defer consideration of the proposed capital infusion proposal till a valuation of the company's shares is done by a registered independent valuer.
'My film will not only be a reminder for all of us who have gone through these hellish two years, but also a reference point for future generations and for the four-five year olds who would have forgotten everything by the time they grow up.'
HP's 60.5 per cent stake is valued at $1 billion.
Infosys now plans to re-purpose Skava's micro services-based business and re-focus Panaya's suite of products.
Ring in the New Year with these sumptuous preparations.
'While we conversed in Marathi, she would always make it a point to ask me in English, "Are you okay? Have you eaten?"' 'I sorely miss that care and concern.'
Zelda Pande recounts the specialness with which Diwali was celebrated in her home in Ranchi.
A lot depends on how Srei shapes up under the new administrator and his team, which is critical for investors' interest.
Jharkhand Governor K Sankarananaryanan has invited JMM chief Shibu Soren on December 30 to form the new government in the state.
Ronaldo just bought the most exquisite Bugatti La Voiture Noire.
Lamborghini's super car the Aventador LP 700-4 Roadster stormed the runway during a high-speed demonstration to mark the automaker's 50th anniversary at Miami International Airport.
Mizoram accused Assam of human rights violations, a charge denied by Guwahati which said on Monday that encroachment of its land was the crux of the border dispute between the two Northeastern states.
Make summer fun with these simple recipes.
IT services provider iGate Global Solutions Ltd on Monday said it has enhanced its stake holding in US-based Loan Pro LLC to 60 per cent.\n
The car will go for auction next year.
Buying Yahoo's assets would expand DailyMail.com's reach and improve its digital ad rev
US private equity firm Blackstone Group LP and Indian developer Panchshil Realty are close to buying a majority stake in an office tower in Mumbai for about Rs 900 crore (Rs 9 billion), two sources with direct knowledge of the matter said.
Raiji, also a cricket historian and chartered accountant, was 13 when India played their first Test match at the Bombay Gymkhana in South Mumbai.
In a corner of Kolkata lived a man who made Latin American music cool before urban India became hip to salsa. Sumit Bhattacharya remembers Monojit Datta, ace percussionist, guru and unknown legend
The Lamborghini Aventador is one of its kind and there isn't any other gold-plated Aventador like this one.
The deal would be the biggest private equity transaction in India after Bain Capital paid about $1 billion to buy a 30 percent stake in business process and technology services provider Genpact.
All major sectors -- real estate, e-commerce, IT, retail and consumer products, healthcare -- saw new all-time highs in value invested.
Lamborghini's Indian Limited Edition Gallardo is a super luxury sedan meant for just six wealthy owners.
Over 73.44 lakh voters exercised their franchise in 10,592 polling stations spread over 13 districts in the Barak Valley, the hill regions and parts of central and lower Assam.
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
Meet Moloy Ghosh who converts old records into new-age digital format for a living.
The offer of $50 per share is a premium of 17.4 per cent to AOL's Monday close.
The launch of Aventador Roadster is a perfect beginning to this year in India.
Prime Minister Manmohan Singh will address the nation on Friday night to explain the government's recent decisions on economic reforms, which have triggered widespread political protests across the country. The prime minister will address the nation at 8 pm on Doordarshan about the recent decisions on economic reforms, officials said.
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