The fees charged by investment banks to manage initial public offerings (IPOs) have increased to an average 3.23 per cent of the issue size this calendar year, the highest since 2020. The average fee is up 8 per cent compared to last year, when it stood at 2.99 per cent. The investment banking fees have increased as the average IPO size has shrunk this year.
The RJD polled the highest vote share in Bihar, but it was not reflected in the number of seats it won.
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
Even as the two parties appeared confident that they have reached out to every voter and publicised their new symbols, experts suggested varying impact of the split and the symbols on the vote bank.
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The newly-appointed Governor Raghuram Rajan said on Wednesday Reserve Bank of India will offer a window to banks to swap the fresh FCNR-B dollar funds, mobilised for a minimum tenor of three years and over, at a fixed rate of 3.5 per cent per annum. According to Bank of America Merrill Lynch, "the move should fetch $8-10 billion", adding that the move would help in shifting rupee risks away from NRIs at a time of extreme volatility.
The primary market will see a flurry of activity in March, with at least three companies including Gopal Snacks will float their initial public offerings (IPOs) in the upcoming week to raise Rs 1,325 crore collectively. The other two companies which are set to launch their maiden public issues are -- RK Swamy and JG Chemicals. Additionally, Bengaluru-based luxury furniture brand Stanley Lifestyles and Krystal Integrated Services are expected to float their initial share-sales later this month, according to merchant bankers.
'There is a huge wait in Kashmir for compassion from the prime minister of India.'
Credit-to-deposit (CD) ratio of major public sector and private sector banks during the October-December quarter of FY24 inched up as compared to the previous quarter though government-owned lenders reported a lower rate than their private peers. CD ratio is the ratio of the funds that banks lend as compared to the funds raised in the form of deposits. The CD ratio of top public sector banks (PSBs) - State Bank of India, Punjab National Bank, Bank of Baroda and Canara Bank - was lower than their private counterparts.
The drugs seized include 3,089 kilograms of charas, 158 kg of Methamphetamine and 25 kg of morphine.
Passed by the House by 352 to 65 votes, the bill now heads to the US Senate for it to be sent to the White House for the President to sign it into law.
Is 2024 a done deal for the BJP? It was a done deal five years ago itself, but it did not have a guarantee.
Now, with the temple consecration, it seems to have acquired a Ramji Ki Guarantee, notes Saisuresh Sivaswamy.
As the temple is inaugurated, unfortunately for Advani but unsurprisingly for the rest of us, the architect of the party's rise will not lead the ceremony and claim credit for his achievement, notes Aakar Patel.
A leopard strayed into a village in north Delhi's Wazirabad early on Monday, creating panic in the area and injuring eight residents before being tranquillised by forest department officials after an over five-hour-long rescue operation.
The federal agency started its operation in the morning, with around 100 officers mobilised to swoop down at the 30 locations in multiple cities of Jammu and Kashmir, Punjab, Haryana, Uttar Pradesh, Bihar and Rajasthan, besides Delhi and Mumbai, the officials said.
The Congress should take the lead in resolving differences of opinion within the Indian National Developmental Inclusive Alliance (INDIA) and show 'large-heartedness' in seat sharing to emerge as a viable alternative to the Bharatiya Janata Party in upcoming elections, according to some opposition leaders.
Villages, towns, roads and highways in several regions of southern Tamil Nadu including Tirunelveli and Thoothukudi just resemble rivers in spate.
'It is not just the religious minorities who are being intimidated or targeted.' 'You see an equal intimidation or effort of intimidation towards anyone who does not agree with the Hindutva interpretation of the Hindu faith.'
After opening close to 1,500 branches in 2022-23, HDFC Bank, the country's largest private sector lender, will continue expanding its branch network at the same speed in the current financial year. The lender says branch expansion is crucial for deposit mobilisation. As of March 31, 2023, HDFC Bank had 7,821 branches, up from 6,342 a year ago.
The equestrian statue of the Maratha warrior king has been installed at the Army's 41 Rashtriya Rifles Maratha Light Infantry Regiment in the north Kashmir district which shares its border with Pakistan. Special prayers were held by a priest on the occasion.
While there was a brief respite from the incessant downpour on Tuesday, collaborative efforts from the defence, national, and state disaster response forces took the lead in executing rescue and relief operations.
The National Investigation Agency has charge sheeted Dilawar Iqbal -- a right-hand man of Jaish-e-Mohammed (JeM) chief Maulana Masood Azhar Alvi -- and Kupwara-resident Mohammed Ubaid Malik for allegedly conspiring to disturb the peace and communal harmony of Jammu and Kashmir by attacking security forces, officials said on Wednesday.
In the first such initiative, the Bharatiya Janata Party has invited the ruling and Opposition parties from around the world to witness the Lok Sabha elections in India first-hand.
'The Opposition parties will continue to woo Chandrababu Naidu even though he has said he will support the BJP.'
'The private sector will look to the budget to check whether there are any headwinds or tailwinds.'
Dropping references to the demolition of Babri Masjid in Ayodhya, the killing of Muslims in Gujarat riots and Hindutva, and tweaking the reference to Manipur's merger with India are among the latest set of revisions made public by the National Council of Educational Research and Training (NCERT) in its textbooks.
A total of nine procurement proposals were approved by the Defence Acquisition Council headed by Defence Minister Rajnath Singh, officials said.
A massive fire that ripped through a seven-storey shopping mall in Dhaka overnight killed at least 46 people and injured 22 others, the government said on Friday, in one of the worst infernos to hit Bangladesh in recent years.
Narendra Modi has proved through execution of this event in Ayodhya that amongst all his contemporaries in politics he knows ordinary Indians like none other, notes Sheela Bhatt.
The enemy will pay an unprecedented price, Netanyahu warned as the Israeli army called for mobilisation of reservists.
Birj Bhushan loyalist Sanjay Singh becomes new WFI president
According to the National Earthquake Monitoring and Research Centre, the earthquake with an epicentre in Jajarkot district was recorded at 11.47 pm.
The new government that presents the full Budget for 2024-2025 in July should be ready to restructure the way divestment is managed and implemented, proposes A K Bhattacharya.
If they are made accountable, bad loan cases will shrink dramatically, recoveries will rise, and the NCLT process will be more manageable, asserts Debashis Basu.
Anurag is undergoing treatment at a Kathmandu hospital and has shown signs of improvement, his brother Ashish Maloo said on Sunday.
Prime Minister Narendra Modi has sought to send out the message that the ruling BJP, unlike its predecessors at the helm, is not guided by parochial politics in recognising contributions in the public life, as the party looks to break new ground during the polls.
'Revanth Reddy mounted a spirited campaign in Telangana which turned around the fortunes of the Congress in six months.'
Mutual funds' equity buying remained elevated for the fifth consecutive month in December, taking the net equity purchase past Rs 1.7 trillion in 2023. The aggressive buying in December indicates that flows into equity funds are likely to have remained unaffected by the sharp run-up in the market last month. Mutual funds (MFs) bought equities worth Rs 23,000 crore last month (until December 28) compared to Rs 18,000 crore in November, shows data from the Securities and Exchange Board of India (Sebi).
The finance ministry has finalised the framework to issue sovereign green bonds in line with global standards, according to sources. The government intends to mobilise Rs 16,000 crore from the issuance of green bonds during the second half of the current financial year. It is a part of the borrowing programme for the second half of this fiscal. The framework is ready and it would be approved soon, the sources said.
'People understand Hitlershahi, tanashahi and now Modishahi.'
'Bihar's caste survey has bolstered the Opposition parties, but one shouldn't forget that the BJP is also trying to present itself as a party that cares for the OBCs more than other parties,' points out Sanjay Kumar.
