Viom Networks is planning to raise arouns Rs 1500 crore (Rs 15 billion) and is likely to list its shares on the London Stock Exchange (LSE), say sources.
Investors with stalled projects and mounting bad debt will refinance their loans.
Two successive reports, one by Percy Mistry in 2007 and the other by Raghuram Rajan in 2008 had provided the RBI and the finance ministry with blueprints of what to do next. Both reports, unfortunately, was put on ice. The global meltdown saved the RBI. It also saved the finance ministry from having to work on the two reports.
Twitter Inc named Anthony Noto as CFO, putting the well-regarded former Goldman Sachs executive who led its successful November IPO in charge of finances.
The Reserve Bank of India (RBI) is expected to keep policy rates unchanged at a six-weekly rate review on Tuesday, ending a year-long cutting cycle as it focuses instead on underpinning the plunging currency.
RIL's standalone net profit rose one per cent quarter-on-quarter
Chinese brokers had been looking to use some of the cash they raised this year to expand their global reach
Better margins, lower interest outgo could see the company turn profitable in FY15.
The top gainers on the Sensex were Cipla, Bharti Airtel, Maruti Suzuki, Hero Moto & Sesa Sterlite.
Chinese govt has itself to blame for first trying to slow down the property market and later propping it up.
A gradual increase works best for the US, as well as global markets, says Nizam Idris managing director, head of strategy (fixed income and currencies), Macquarie Bank.
Global markets could correct 5-10 per cent. If that happens, Indian markets will correct about 10 per cent
Reliance Industries and ONGC were down 4-6% each contributing the most to the Sensex losses
The real benefits can be seen when prices stabilise, preferably at levels acceptable to both consumers and producers.
In the long run, the decision could bring clearer rules to a sector that has failed to provide India with enough power because it has been so hamstrung by confusion and scandals over concessions allegedly handed to government cronies.
India Inc has few leaders who are likely to grab headlines in 2015.
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