The country's second largest lender ICICI Bank Ltd on Thursday said it would raise upto Rs 5,750 crore (Rs 57.5 billion) through public offer of equity shares.\n
Surging global crude oil prices failed to shore up customs revenue substantially as India Inc resorted to advance licence scheme, which allows duty-free imports for value-added exports.
The problem is so severe that multiple agencies have issued several precautionary measures.
SBI set to buy residential properties of Air India in south Mumbai
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The estimated market borrowing by these two companies during current fiscal were pegged at Rs 13,800 crore (Rs 138 billion) from markets, as per the interim Railway Budget for 2014-15 tabled in February.
Air India launched a short term 'SpringSale' of up to 50 per cent on all domestic sectors of its network, which is up for sale till Friday and valid for travel between February 21 and April 15.
India Inc and economic think-tanks want the Budget to tax the agriculture income of large farmers for equity in the system and widening the net.
India's foreign exchange reserves are at an all-time high.
ICICI Pru's IPO is being managed by 10 investment banks, including Bank of America Merrill Lynch and ICICI Securities
Bouyed by higher sales in the festive season, domestic passenger car and motorcycle sales witnessed a healthy growth in November, going up by 21.16% and 27.08%
A part of the proceeds will also be used for operational requirements, sources said in Mumbai. The carrier has already taken the delivery of 11 Dreamliners and three more are expected to join the fleet by March of next year.
Indian Railways has decided to hike freight rates by 7.7 per cent from November 27 following the rise in diesel and steel prices, according to a government official.
Andhadhun is a stunning, comic, grisly, absurd, intense, cold, crazy and must-watch, raves Sukanya Verma.
The U.S. sports tycoon won control of Manchester United, clinching a deal to buy out the English soccer club's biggest shareholder and launching an offer to mop up the remaining shares.
The divestment ministry is approaching the Foreign Investment Promotion Board for permission to allow foreign institutional investors, NRIs and overseas corporate bodies to participate in the ensuing public offer for government stake in MUL.
Vernon Philander and Kagiso Rabada claimed four wickets each as South Africa ripped out Sri Lanka for 110 on the second day of the second Test.
Parliament on Tuesday approved the long-awaited fiscal responsibility legislation after Finance Minister Jaswant Singh promised there would be no lowering of developmental expenditure.
'I'm not just a boxer. I'm a father, an uncle, a person who loves animals and it's not fair to see me just as a fighter,' Tyson said, after announcing a June fight.
Cricket great Sachin Tendulkar is a foodie but his first experience with Chinese cuisine ended in disappointment and he had to return home thirsty and hungry.
This assurance came even as Bhutan kept up the pressure on Northeastern militants holed up in that country.
Tata Consultancy Services' much-awaited initial public offer to mop up an estimated over Rs 5,000 crore is likely to hit the market on July 29 subject to all approvals from the Securities and Exchange Board of India.
The touring side reached 75-1 in their second innings at the close, a lead of 205, with Dean Elgar (38 not out) and Hashim Amla (23 not out) bringing some order to the final hour and ensuring their team are well-placed to force the victory that would level the four-match series at 1-1.
More than a week after the state-owned oil firms ended a 19-day pre-Karnataka poll hiatus on revising fuel prices, petrol and diesel rates have touched record highs.
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
Buoyed by the impressive tax mop up till October, the government on Friday claimed it would overshoot the overall tax target of 16 per cent growth this fiscal, despite customs collections falling slightly below the stipulated growth rate till now.
The maiden public offer of Haldia Petrochemicals Ltd would hit the capital market in the third quarter of the current financial year.
India's fiscal deficit shot up by nearly 50 per cent to Rs 92,068 crore (Rs 920.68 billion) during the first seven months of 2005-06 despite a 24 per cent higher tax mop up.
