UCP, recently incorporated in the Isle of Man, announced on Friday that it has placed 360 million ordinary shares of one pence each (face value) through the IPO as it aims to invest in the Indian real estate sector.
The RBI on Monday imposed penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms, including one related to "Frauds - Classification and Reporting". A penalty of Rs 4 crore has been imposed on Bank of India and Rs 2 crore on Punjab National Bank. In a statement, the RBI said the statutory Inspection for Supervisory Evaluation (lSE) of Bank of India was conducted with reference to its financial position as on March 31, 2019.
India scripted history as the ambitious third Moon mission of the Indian Space Research Organisation (ISRO) touched down on the Moon's south pole, propelling the country to an exclusive club of four and making it the first nation to land on the uncharted surface.
At a talk organised by South Asia Centre, London School of Economics' (LSE) Pakistan Development Society and the South Asia Future Forum in London, the two former spy chiefs agreed that cricket can serve as a peacemaker and can be helpful for the national interest of both countries.
George Soros, who is in the eye of the storm over his remarks against Prime Minister Narendra Modi on the Adani issue, is an Hungarian-born American financier, philanthropist, and activist whose success as an investor made him one of the wealthiest men in the world. He is also known as a powerful and influential supporter of liberal social causes. In a speech at the Munich Security Conference on Thursday, the billionaire philanthropist said he believes the turmoil at Gautam Adani's business empire may weaken Prime Minister Narendra Modi's hold on the government, a statement which was strongly contested by the BJP as an attack on Indian democracy.
The High Commissioner upon seeing Mallya walk in actually at the mid of the event, got up and left
Small and medium sized Indian companies have raised $2.7 billion from the London Stock Exchange's Alternative Investment Market in 2006 and are likely to raise a similar amount this year.
The Anil Dhirubhai Ambani Group company Reliance Communications, which is in the process of bidding for Hutch-Essar, is planning to list its undersea cable business unit Flag Telecom in London to raise over $500 million.
The Chevening Gurukul Scholarship for 2011 is now open for applications. The all-expense-paid, 12-week rigorous course is held at the London School of Economics, and begins in late September this year.
India's projected 8.1 per cent GDP growth rate this year was "quite achievable" as investors' confidence had gone up substantially due to sustained economic reforms, a noted economist said on Monday.
"Never gatecrashed in my life... I am not a gatecrasher and would never be one," Mallya tweeted on Sunday, responding to the claims that he was not among the invitees.
A leading newspaper group in Delhi is keen to list a planned new company on the Alternative Investment Market of the London Stock Exchange.
Belgium-based Hansen Transmission, a Suzlon Energy subsidiary, has raised euro 400 million (about Rs 2,300 crore) by issuing 164 million shares through an initial public offering (IPO) to fund plans in India and China.
Prof. John Harriss of the London School of Economics says the huge investments in China have been mostly done by overseas Chinese rather than by international companies.
From a Pakistan-trained militant to one of the prominent separatist faces in Kashmir, life has come a full circle for chief of the banned Jammu and Kashmir Liberation Front (JKLF) Yasin Malik, who was in limelight for varied reasons over the past three decades of turmoil in the erstwhile restive border state.
Tata Consultancy Services, India's largest outsourcing company, plans to list the company on the London Stock Exchange, its chief executive officer Subramanian Ramadorai has indicated.
According to the sources, the vaccine will be much more affordable than existing ones manufactured by two foreign companies. India's drug regulator in July had granted market approval for the Pneumococcal Polysaccharide Conjugate vaccine, after reviewing the phase 1, 2 and 3 clinical trial data submitted by the Pune-based firm.
Thimpu apparently didn't think it necessary to take Delhi into confidence. Bhutan is loathe to getting dragged into the geopolitical rivalry between India and China. And for Beijing, this was too good an opportunity to be missed to thumb its nose at the powers-that-be in Delhi, points out Ambassador M K Bhadrakumar.
The London Stock Exchange, the world's third largest exchange in terms of value of shares traded, is in talks with Financial Technologies to buy a stake in its stock exchange arm MCX-SX.
They now believe their money will be repaid after completion of the tenure of the instruments they have invested in, says Anup Roy.
This study provides a glimpse into a future where flexible working could become business as usual
The daughter of former Congress Member of Parliament Ehsan Jafri, killed in the 2002 Gujarat riots, has vowed to continue her fight for justice.
A perceptible shift is seen in the way the young breed of edupreneurs look at the universities they have inherited. Is it for the better?
Despite "impressive" achievements in various sectors in recent years, India is unlikely to be a superpower and in fact, should not aspire to become one, a study by the prestigious London School of Economics has concluded.
Banned Pakistan pacer Mohammed Aamir claimed innocence over defying the ban imposed on him after the ICC launched an investigation on him playing in an English competition.
Indian stock market regulator, the Securities and Exchange Board of India, on Tuesday paved the way for Indian investors to trade in large indices of 24 global exchanges, including that of the United States, Europe and Asia.
Pakistani pacer Mohammed Aamir could be in further trouble as the ICC has launched an investigation into claims that the bowler had defied the ban imposed on him by the world body by playing in an English Division One competition.
Amidst major funding cuts in British universities, a top US academic has told a London audience that India and China could soon build institutions that match Oxford and Cambridge.
Go ahead and be an entrepreneur! Don't keep saying, I want to be an entrepreneur and one day, I will be one. There is no some day; just go out and chase your dreams, says Prof. Nandini Vaidyanathan.
Hosted by LSE's India Observatory, the event included release of Rajya Sabha MP and economist N K Singh's book Not by Reason Alone: The Politics of Change by Shobhana Bhartia, chairman of HT Media, and an engaging panel discussion and interaction with students.
The group had reported a loss of pound 338 million in the previous fiscal due to its write-offs for its acquisition of Borsa Italiana SpA.
With the AIM (Alternative Investment Market) becoming increasingly popular as a fund raising destination, Indian companies are flocking to tap the opportunity provided by this sub-market of the LSE.
Amartyada, says Omkar Goswami, thank you for being the humane, caring and socially concerned economist that you are.
India may soon see a new set of oil barons with lesser-known companies venturing into crude oil and natural gas production. These new kids on the block have come up through a mix of entrepreneurial grit and backing from oil industry veterans. Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during the first round of Discovered Small Field (DSF-1) auctions. Adbhoot is in a 50:50 joint venture with the Bombay Stock Exchange-listed Hindustan Oil Exploration Company that has some five oil producing assets and over 10 blocks across the country.
SREI Infrastructure Finance Limited, one of the leading infrastructure project finance and infrastructure equipment finance company in India, got listed in the LSE on Thursday.
