'We are targeting the 5G tender around January-March 2023.'
The company is against strong competition, which has deep pockets. This adds uncertainty to the success of the operations of its subsidiaries abroad.
At present, the low-cost carrier has a fleet of 29 aircraft. It plans to add 19 aircraft in the next year, of which eight will be leased Airbus A320s, four ATR 72-500s on hire purchase and one of the same to be leased.
The initial public offering of Jet Airways on Friday received bids for 3.11 crore shares from investors against the issue size of 1.72 crore shares within few minutes of opening of bidding.
Reliance Petroleum Ltd on Monday announced its plan to enter the capital market with a public issue of 135 crore equity shares. \n
Mukesh Ambani-controlled Reliance Petroleum is understood to have fixed a price band of Rs 57-62 for its initial public offer to raise over Rs 5,000 crore (Rs 50 billion).
The entirely book-built IPO is likely to be introduced within a price band of Rs 57 to Rs 62.50.
Future Capital will be the first company to hit capital market as it is set to release its IPO at a fixed price band of Rs 700-765 per share.
The policy review observed that the moderation in inflation, excluding food and fuel, that was witnessed in the first quarter of 2017-18 has "by and large, reversed".
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The inter-ministerial body will take the final decision on October 29 taking into account Trai's reply.
The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024. "The actual benefit for banks from the inclusion in JP Morgan's EM Index will accrue from June 2024 onwards. "Until then, the larger fundamentals of the market will dictate the moves. "Once the initial euphoria subsides, bond markets will look to global cues which may trigger fresh selling," said Siddharth Khemka, head of retail research, Motilal Oswal Financial Services.
The Union Cabinet has approved the modalities for holding 5G spectrum auctions, and 72097.85 MHz of radio waves will be put on the block by July-end, an official release said on Wednesday.
The mega initial public offer of realty giant DLF, through which the developer is expecting to garner Rs 9,625 crore (Rs 96.25 billion), got fully subscribed on Tuesday.
The move signals a strong demand from investors.
The second public offering of Punjab National Bank was oversubscribed by two times within minutes of its opening on Monday.
Beauty and healthcare products manufacturer Emami Ltd's public offering has received bids for shares 4.62 times the issue size, bidding for which began on Friday.
Bangalore-based MindTree Consulting is floating an Initial Public Offering of 5.6 million equity shares of Rs 10 each to raise anywhere between Rs 200-240 crore
Looking for Treasures From Mizoram to embrace through 2024 and beyond.
The government is likely to hold 5G spectrum auction in early June, telecom minister Ashwini Vaishnaw said on Thursday. The minister said that the Department of Telecom is working as per expected timeline and the process is on to resolve industry concerns around spectrum pricing. Asked about the schedule of the spectrum auction, Vaishaw said that it is expected to be in early June.
National Thermal Power Corporation's mega initial public offer for 86.58 crore (865 million) shares has been oversubscribed in the first 30 minutes of opening of bids.
The year 2022 saw the Reserve Bank of India (RBI) start acting on the policy repo rate after a gap of two years. The six-member monetary policy committee of the RBI reduced interest rate sharply - by 115 bps - when Covid-19 struck in 2020. In March 2020, days after the nationwide lockdown was announced, MPC in an unscheduled meeting reduced the repo rate by 75 bps, followed by another 40 bps in May. Status quo was maintained for the next two years since the May repo rate hike.
It isn't that a person occupying high office has no right to do what he/she likes. For sure, they do; after all, they are human. But there are also things like priority, timing and sense of larger country. Sadly, we live in a world awash in tunnel vision, asserts Shyam G Menon.
Benchmark stock indices Sensex and Nifty tumbled nearly 1 per cent on Wednesday due to profit booking in banking, financial and IT stocks after a recent rally. The 30-share BSE Sensex plunged 537.22 points or 0.94 per cent to end at 56,819.39 as 24 of its stocks declined. During the day, it tanked 772.57 points or 1.34 per cent to touch a low of 56,584.04. The broader NSE Nifty declined by 162.40 points or 0.94 per cent to 17,038.40 with 39 of its constituents ending in the red. Bajaj Finance was the biggest loser among Sensex stocks, dropping by 7.24 per cent.
The bidding for Petronet LNG Ltd's initial public offering has received a good response with subscription of 2.42 times the offered shares at the end of the bidding process on Tuesday.
The initial public offering for Power Trading Corporation Ltd has received an overwhelming response with investors putting pledge for 16.5 times the issue size at the end of bidding process on Monday.
The government's offer for partial divestment of its stake in Dredging Corporation of India Ltd has been oversubscribed 5.45 times at end of bidding on Thursday.
The initial public offering for Power Trading Corporation has been oversubscribed by 3.13 times while that of Petronet LNG Ltd has also evoked a strong response and received cumulative bids for 38.7 per cent of offer size.
Anticipating pressure from the government, steel companies decided not to hike prices on Sunday, but are likely to raise them over the next few days in varying degrees.
Power Trading Corporation's initial public offering of 5.85 crore (58.5 million) shares was oversubscribed by about two times on day one, sources associated with the process said in New Delhi.
Petronet's IPO of 261 million shares will hit markets on March 1, 2004. The IPO has been put in a price band of Rs 13-15 a share.
The government of India will offload its residual 26 per cent stake in IBP Ltd through book-built public offering slated to open on February 23.
The initial public offer of Indraprastha Gas Ltd has already been oversubscribed 2.5 times much before the closing date of December 5.
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