The IOC stake sale will, however, dwarf in front of Rs 22,557 crore or Rs 225.57 billion that the government raised through a stake sale in Coal India Ltd last year.
The government on Thursday fixed Rs 358 a share as the floor price for up to 10 per cent stake sale in Coal India on Friday, which may help the exchequer garner about Rs 22,600 crore (Rs 226 billion) in the biggest sale of shares.
The decision assumes significance following the enthusiastic response from retail investors in the Friday's stake sale in steel major SAIL, which fetched the government Rs 1,715 crore (Rs 17.15 billion).
HSBC maintained "overweight" rating on Indian equities, saying "fundamentals are strong".
Champions League holders Real Madrid will face former European champions Liverpool, FC Basel and debutants Ludogorets of Bulgaria following the group stage draw on Thursday.
Expects to raise Rs 9,300 crore from Indian Oil share sale on Monday
Restructured debt from Indian power distributors lures investors
A smart grid is an electrical grid, which includes a variety of operational and energy measures, including smart meters, smart appliances, renewable energy resources and energy-efficiency resources.
A tightrope walk ahead, especially as govt's fiscal deficit has already reached 99% of full-year estimates
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Officials asked what the point was in going through banks when the government has to give guarantees.
Lines up a $1-billion capital expenditure plan for exploration purposes abroad.
Images from the UEFA Champions League matches played across Europe on Wednesday
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' stock market queries. Ajit will offer his unbiased views on a weekly basis
Everyone at Manchester City is flying high after the 1-0 derby win over Manchester United at the weekend but they could all come crashing back to earth after Wednesday's meeting with CSKA Moscow in the Champions League.
In debt private placements, firms issue debt securities or bonds to institutional investors to raise capital.
The 30-share Sensex ended down 39 points at 26,265 and the 50-share Nifty ended down 1 point at 7,954.
Arun Jaitley will aim for jumps in other revenue streams for the government.
The run-up to next year's general elections might see some of the top executives of government-run companies getting unlucky. And, the period could become the best in the lives of those waiting in the wings.
Ranti Martins missed a penalty and the chance to score his 200th goal in the country's top league.
Biggest ever share sale by any private or public sector co in India.
With a new government in place, the outlook on economy and political stability has improved
Investors booked profits at higher levels despite the growth oriented Budget.
In a live chat on rediff.com held on Friday, July 11, well-known equity specialist Devang Mehta discussed what effect the Budget will have on the stock markets -- from how NOT to lose money in the markets to which are the safest stocks.
The winners of the annual US Military Photographer of the Year competition showcase the compelling body of work military photographers compiled in 2014.
Coach Pep Guardiola was left thrilled after ManchesterCity revived their Champions League bid by beating his old club Barcelona 3-1 in a gloriously open Group C encounter at the Etihad Stadium on Tuesday.
World No 1 Novak Djokovic maintained his perfect tournament record and advanced to his fifth China Open final with a 6-3, 6-4 victory against Andy Murray on Saturday.
The New Year 2015, however, may see shares worth over Rs 50,000 crore (Rs 500 billion) being put on the table by the government, including by way of part-sale of its holdings in PSUs and its residual minority stakes in some private sector entities.
India and Japan's effort to form a multilateral group of liquefied natural gas buyers to avoid paying higher prices for the fuel is laudable as an objective but is unlikely to be effective immediately.
Ruthless Bayern Munich scored five goals in the first 35 minutes on the way to a 7-1 demolition of AS Roma on Tuesday which bore an uncanny resemblance to Germany's win over Brazil by the same score in the World Cup semi-final.
