Network 18, the holding company of TV18, has dropped plans for an initial public offer but promoter Raghav Bahl
The government will offload a portion of its equity in Bharat Heavy Electricals Ltd and Maruti Udyog in the market by the end of this fiscal to mop up over Rs 2000 crore (Rs 20 billion).
Barcelona capitalised on two disastrous own goals by A S Roma to thrash the Italian side 4-1 at the Nou Camp on Wednesday and take a huge step towards reaching the Champions League semi-finals for the first time in three years.
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.
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
'Our throwaway culture today has little room for mochis and rafoogars who concealed rips and tears with imperceptible stitches and great skill,' says Geetanjali Krishna.
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.
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.
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%
The increases, which follow similar hikes in mid-November, seek to take advantage of a slump in world oil prices to shore up government revenues without stoking inflation.
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.
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.
Parliament on Tuesday approved the long-awaited fiscal responsibility legislation after Finance Minister Jaswant Singh promised there would be no lowering of developmental expenditure.
In the current fiscal, as per the revised estimate, these two companies raised Rs 14,942 crore (Rs 149.42 billion) from markets.
'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.
South Africa's bowlers needed a little more than an hour of the final day's play to dismiss Sri Lanka for 281 in their second innings and claim a 206-run victory in the first Test in Port Elizabeth on Friday.
Pacers Basil Thampi and Sandeep Warrier powered Kerala into the semi-finals of the Ranji Trophy as the hosts registered a thumping 113-run win over Gujarat, on Day 3, in Wayanad, on Thursday.
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.
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.
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.
Out of the 24 IPOs, 20 companies had anchor investors, which collectively subscribed to 31 per cent of the total public issue amount.
Amid liquidity and inflation concerns, government's market borowings have come down by 21 per cent to Rs 85,000 crore (Rs 850 billion) till November 25 this fiscal.
Fiscal deficit has come down by over 34 per cent to Rs 53,235 crore (Rs 532.35 billion) in the first half of 2004-05 mainly due to government's expenditure control measures and higher tax mop up.
The finance ministry on Tuesday said it expects up to Rs 4,000 crore (Rs 40 billion) mop-up from the initial public offer of National Thermal Power Corporation.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances