Amid continuing uncertainty over the fate of the national carrier, an official said there is also need for funds to restart operations of 12 grounded narrow-body planes.
The government is selling over 18.62 crore shares or 3 per cent in Coal India at a floor price of Rs 266 apiece.
At present, seven companies are planning to raise Rs 2,965 crore (Rs 29.65 billion) and have Sebi's approval. Another 12 firms, intending to mop-up Rs 5,362 crore (Rs 53.62 billion), have filed draft documents with the capital market watchdog and are awaiting approval, Prime Database managing director Pranav Haldea said.
IThe fiscal deficit target for 2020-2021 was originally set at 3.5 per cent of GDP. But the government's revenues have collapsed and its expenditure burden will only increase over the Budget estimates.' With the government having already planned for an additional borrowing of over Rs 4 trillion, the fiscal deficit for the current year would be much higher than the Budget estimate, notes A K Bhattacharya.
The company's market valuation stood at Rs 10,972 crore in morning trade.
Those conducting their businesses predominantly in cash and evading income tax have reasons to worry.
One of the terrorists was under the scanner of investigators for his role in the CRPF convoy attack.
Pay healthy advance tax, but can't make up for large companies' volumes.
The economic growth slowed to 6.9 per cent in the second quarter against 8.4 per cent in the same period last year.
Mop-up trends hint at major slippage; CBDT braces to meet Budget target.
With cruise missile and air strikes being India's most likely response to a hypothetical Pakistani terrorist outrage in the future, retaliation from the Pakistan air force is inevitable. That is where the S-400 will come into play, says Ajai Shukla.
In terms of the number of rights issues, the fiscal saw only 16 companies adopt the route to raise funds, 33 per cent lower than the previous fiscal, which saw 24 issues.
The Supreme Court on Tuesday said that the Securities and Exchange Board of India was entitled to seek all necessary information from two Sahara group firms on how resources were being raised but refused to stay the companies' ongoing fund-mopping exercise.
Trai has recommended cancellation of 74 licences, including Unitech Wireless's 8, Aircel/Dishnet's 7, Etisalat DB's 2, Videocon's 4, Spice's 3, Vodafone's 1, among others.
Over 60 per cent of these borrowings are slated to be mopped up in the festival season.
Industry body to write to commerce ministry, seek regulation for e-tailers.
Indian companies raised a total of Rs 2.03 lakh crore of fresh capital from equity and debt markets in the April-December period of 2011, the lowest in three years.
Soumitra Chatterjee -- one of the finest Indian actors of our time -- meant so much to Aseem Chhabra.
Golfer Rory McIlroy won the US Open by eight shots in record style on Sunday, confirming his rich promise as a potential golfing great by becoming the championship's youngest winner since 1923. At the age of 22, the mop-haired Northern Irishman clinched his first major title by an astonishing eight shots, raising comparisons with the record 15-shot margin achieved by Tiger Woods at the 2000 US Open. Bikash Mohapatra takes a look at a few athletes who made a mark at an ea
Rory McIlroy was showered in praise by his peers all week at Congressional Country Club but the accolades flew especially thick and fast on Sunday after his runaway victory at the US Open.
Of the seven surveys presented under Modi govt, predictions of three were quite close to the actual GDP growth rate, one saw the base year change in between, but the last three were way off the mark.
Paceman Ryan Harris captured five wickets as Australia made full use of the second new ball to break a stubborn sixth-wicket partnership and mop up the tail on the way to a 125-run victory over Sri Lanka on the fourth day of the first Test on Saturday.
.jpg)
According to latest data available with the market regulator Securities and Exchange Board of India, Indian firms raked in a total of Rs 35,214 crore (rs 352.14 billion) from the debt on a private placement basis route in June, a slight increase from Rs 33,759 crore (Rs 337.59 billion) garnered in May.
'I would want people to have food on their tables and their wages to rise.' 'Will that happen or not is the question that we need to ask and answer.'
The 50-share NSE Nifty after moving between 10,374.30 and 10,307.30 settled flat at 10,348.75, up 6.45 points, or 0.06 per cent.
Stunning computer graphics and feel-good elements make this a must-watch movie.
Chairman of the Central Board of Direct Taxes (CBDT), Prakash Chandra, has asked the income tax (I-T) department to hasten court and tribunal proceedings to meet tax collection targets in the coming quarters.
The corona deaths in India so far add up to 91,149 (September 24, 3.26 pm). It is seven-and-a-half times the number of Indian soldiers slain in all the wars (1947, 1961-1962, 1965, 1971 and 1999) in post-independent India's history, observes Ambassador M K Bhadrakumar.
The government had budgeted revenue realisation for 2012-13 fiscal at Rs 10.38 lakh crore (Rs 10.38 trillion).
Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation.
Government will get an additional tax of Rs. 2,110 crore from proposed changes.
Ahead of Union Budget, the government on Thursday said it hopes to exceed the indirect tax collection estimate of Rs 3.36 lakh crore for this fiscal in view of the buoyancy in the economy.
Bengaluru based Dinesh Malhotra, 54, an ex-Army officer who is working as a human resource professional in a construction firm shares some survival tips.
Brazilian oil major Petrobras has mopped-up about $70 billion in the world's largest share offering.
In the Budget for 2011-12, the government revised the tax mop-up target for 2010-11 to Rs. 4.46 lakh crore for direct taxes and Rs. 3.36 lakh crore for indirect taxes.
Coal India Limited (CIL) proved a virtual gold mine for the government in the year gone by. The spectacular share sale of the world's largest coal miner ahead of Diwali added glitter and spark to the government's fund-raising plans through divestment in key PSUs.
The ministry had revised the estimates of direct and indirect taxes after healthy collection.
England out for lowest score in Barbados, WI in strong position
Foreign currency assets, a key component rose $1.6 bn to $304.9 bn.
The rise in reserves was $2.12 billion.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances