Reliance announced a rights issue of Rs 53,125 crore, which it said was the biggest in India.
Sebi has asked intermediaries to stagger the offerings as much as possible, said people in the know and ensure adequate capacity building.
Banking sources said the debt recast is actually 'Plan B' to help the nation's largest retailer stay afloat.
CPRL Board may meet this week to decide if the outlets in the north and east of India can be kept open till the matter is settled in courts
Also, a dedicated cell, headed by a member of the Central Board for Direct Taxes (CBDT), will be set up to address concerns faced by start-ups.
Mauritius is back in the news, and as usual not for the right reasons.
Calls for boycotting Chinese products have intensified after 20 Indian soldiers were killed in the Galwan Valley clash on June 15. The Chinese have so far refused to share details of the casualties they suffered.
According to the industry body, the 16-member RCEP has the potential to become one of the largest and economically dynamic trading blocs of the world, even bigger than the European Union.
Women have enjoyed some hard-won gains in elite sports in recent years, with pro leagues starting up in a number of countries and growing support for their fight for pay parity.
The overriding objective of the National Investment and Infrastructure Fund (NIIF) must be adequate economic return, not financial return.
The move will increase working capital requirement for brokers, raise the work load on the system and will leave little room for contingencies.
Their offer values Fortis at over Rs 9,000 crore, or around Rs 172 per share.
The one-size-fits-all approach adopted by the AICTE is not suitable for regulating business schools in India, argues Asish K Bhattacharyya.
Experts say the trend is worrying as it could take a toll on the pace of equity flows and also hinder the penetration drive of the Rs 24-trillion MF industry.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
The HC asked him to furnish a bail bond of Rs two lakh and a surety of like amount.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
India has much paranoia in India about a new 'Terroristan' coming up between Pakistan and a Taliban-ruled Afghanistan. Pakistan has zero ability economically, diplomatically, geostrategically or militarily to create one. If they try, it will be great for India as they will destroy themselves yet again, asserts Shekhar Gupta.
Market players said the new norms were more suited for online brokers, where clients were typically internet savvy.
The new BCCI regime could soon be engaged in a bitter turf battle with the ICC since the world governing body's proposed Futures Tours Programme (FTP) could significantly hit Indian Cricket Board's revenue stream.
Most of the unicorns or billion-dollar valuation firms including Flipkart, Paytm and Ola have had the maximum stakes owned by foreign funds. The founders of all these firms have either single digit stakes in their companies or in low double digits.
India is today the second-largest telecom market in the world with over a billion customers and close to 600 million Internet users. New connections are available on the tap, calls are virtually free and it's hard to imagine anyone without a mobile phone today. Globally, there would be few parallels to this success story that truly democratised telephony and empowered a billion-plus people, observes Airtel's Sunil Bharti Mittal.
The Central government on Friday told the Supreme Court that it has deposited with the top court Rs 10 crore paid by the republic of Italy as compensation to the families of the two Kerala fishermen who were shot dead in 2012 by two Italian marines aboard the MV Enrica Lexie ship -- an Italian flagged oil tanker -- in lieu of closure of criminal cases against the two navy personnel in India.
The PM held bilateral meetings with three ASEAN leaders, including his Vietnamese counterpart Nguyen Xuan Phuc and Myanmar's State Counsellor Aung San Suu Kyi, and discussed key bilateral and regional issues.
If convicted, the offences entail a maximum punishment of seven years.
'Extensive thought has been put in, and we have pondered over each and every suggestions and demands received from our members.'
Brian Tempest is among the four directors of cash-strapped healthcare chain whose removals were sought by two institutional investors. Three directors -- Harpal Singh, Sabina Vaisoha and Tejinder Singh Shergill -- had already resigned before the EGM.
"We are delighted to welcome Google as a strategic investor in Jio Platforms. We have signed a binding partnership and an investment agreement under which Google will invest Rs 33,737 crores for a 7.7 per cent stake in Jio Platforms," Mukesh Ambani said at the company's annual general meeting.
Almost 2,000 companies whose private provident and pension funds have invested in non-convertible debentures of IL&FS group firms are staring at the prospect of booking losses to the tune of Rs 9,000 crore or more if the interest income is added.
SEZs account for just about a third of India's merchandise exports (and roughly the same proportion of services exports). Yet, the notion of creating global manufacturing centres of the kind that propelled China to superpowerdom retains a durable appeal within the Indian policy-making establishment, notes Kanika Datta.
While Waryam Singh was a non-executive director at HDIL, he is listed as one of the promoters of the company and had relations, including shareholding, with several other entities controlled by the Wadhawans, the HDIL founders.
While Rs 37,461.01 crore has been allocated for higher education, Rs 56,386.63 crore has been earmarked for school education.
'Rather than abolishing stamp duty as STT is already levied on all transactions, the government has de-facto imposed a state STT in the guise of stamp duty'
This was a fresh probe based on the inspection of certain derivative contracts both on the BSE and NSE.
The PM has assets worth Rs 2.5 crore including a residential plot in Gujarat's Gandhinagar, fixed deposits of Rs 1.27 crore and Rs 38,750 cash in hand.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
Both have been robustly muscular leaders who began as immensely charismatic politicians conveying an impression that they were makers of history, raring to go. Both have been hyperactive on the world stage. But in the final analysis, Abe is departing on a sombre note, unceremoniously and apologetically, observes Ambassador M K Bhadrakumar.
Malvinder "forged the signatures" of Aditi Singh, Shivinder's wife, in the documents of RHC Holdings Pvt Ltd, which along with Oscar Investments Ltd jointly owned financial services firm Religare Enterprises Ltd and hospital chain Fortis Healthcare Ltd, it said.
'This is a blip in the 100-year history of cinema.'
Rough estimates show that at a rate of Rs 1 crore per hospital bed, the investment in India alone would be around Rs 2,000 crore
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