As many as 56 firms collectively mopped up Rs 17,283 crores through IPOs during the April-September period of 2016-17.
The move, a part of the new set of prudential norms being discussed by financial sector regulators across the globe in the wake of the credit crisis, was being discussed in view of the reputational risk arising from undertaking such activities, RBI said in its annual report for 2008-09.
'Markets are back in the 15000-16000 range, it's a barometer of confidence as much as it is of economic prospects.'
The Reserve Bank of India (RBI) is considering options to make cheaper finance available to the non-banking finance companies (NBFCs), including a separate line of credit for bank finance backed by government securities or AAA-rated commercial paper (CP).
The investors, which include ICICI Venture, Azim Premji and ICICI Prudential, say that they do not hold more than 38 per cent in the retail company and do not have the requisite shareholding to amend the articles. ICICI Venture, which alone holds 23 per cent stake in Subhiksha, had earlier rubbished claims made by Subramanian that the private equity company 'controls' Subhiksha by virtue of its right to appoint a majority of the directors in the company.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The holding is expected to come down further as the promoters has pledged the entire holdings over a period of time since September 2006. More institutional lenders are expected to exercise their option of selling the pledged shares to cover margin calls.
The country's largest private sector life insurer, ICICI Prudential Life, on Wednesday said it will hire 3,000 people in the next two months, debunking reports of any reduction in workforce.
To reduce the solvency margins on term products and make these products cheaper & popular, The Insurance Regulatory and Development Authority has decided to reduce the solvency margins on term products. Since the term insurance policies provide pure life cover with no maturity/survival benefits they haven't gained popularity with the customers. Insurers currently maintain a solvency margin of 150%. Solvency margin requirements are the prudential norms of capital requirements.
AMCs can invest $7 billion abroad, and $300 million per AMC, but investments are way below these levels. Most equity schemes can invest 35 per cent of their assets abroad and there are schemes that invest only in overseas equity. What's holding them back is that they are not very sure if they can buy these bonds.
Private sector lender Axis Bank on Monday said its board has recommended the appointment of Shikha Sharma, currently chief of ICICI group's life insurance business, as its next managing director and CEO.
According to a source close to the development, the investment advisory committee of the Insurance Regulatory and Development Authority has suggested far-reaching changes to make the investment norms more flexible, while adhering to the existing prudential investment guidelines.
This critical illness policy is a good start, but more could have been done
The board of ICICI Bank, the country's second-largest lender, will take a final call on appointing a successor to K V Kamath, its present managing director and chief executive officer, next month.
The government and Reserve Bank of India are working on measures that include relaxing norms for Non-Performing Assets (sticky loans) and prudential lending to kick-start key infrastructure projects.
Investors can sell their entire equity and move to debt when stocks get expensive
The Reserve Bank of India (RBI) on Wednesday relaxed the prudential norms for banks' exposure to derivative contracts by allowing the non-payment of dues on a contract made during the period between April 2007 and June 2008 to be classified in a separate account.
Domestic fund houses forge pacts with foreign peers to mop up $7 billion.
This is for the second time that Tata Steel is getting into a take-over battle. It acquired the Anglo-Dutch steel company Corus Group after beating rival suitor, CSN of Brazil, through auction.
Here's an analyses of 25 mutual funds that will create long-term value for you. In a 5 part series that began on September 29, here we present the fourth part of the mutual funds (that investors can buy for the long term) series.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
Sunil Valson was the only squad member not to play a game in India's historic World Cup triumph in 1983 but a strong sense of belonging is definitely there.
Sandeep Baweja, an attorney with the Baweja Law Group, with offices in Los Angeles, San Diego, and Orange County, has been elected to the Board of Trustees of the Irvine Public Schools Foundation.
ICICI Prudential Life Insurance has expanded its health insurance portfolio to cover over 1,000 surgical procedures and hospitalisation.
Rejects proposals by Bank of India, IndusInd, Kotak Mahindra and HDFC.
The Reserve Bank of India has told parliamentarians that it is concerned over the stock market exposure of various non-banking financial companies (NBFCs) promoted by leading banks in the country.
Zee and its lenders had decided to enter into an agreement to not offload the pledged shares amid a sharp slide in the prices of the underlying securities during end-Janury. The terms give the lenders a greater say, upside benefit from the proposed strategic sale, more cover and personal guarantee.
The deal structure is expected to be similar to the Infosys recent announcement of acquiring three global offshore centres from Philips along with getting an outsourcing deal.
Facing acute shortage of trained and expert professionals, corporate houses have adopted the strategy of tying-up with educational institutions to overcome the crunch of skilled professionals in the highly competitive market.
This came even as the airline recorded the fastest domestic passenger growth rate of 26 per cent.
When Match Referee and former India wicket-keeper Farokh Engineer hands down his judgment on Monday on the Harbhajan Singh/S Sreesanth IPL fracas which unfolded in Mohali on Friday, he can go back 33 years to draw on personal experience.
The transaction was to be completed by June.
It is understood in organisations across India that work will come to a near standstill during any India-Pakistan match. During the World Cup earlier this year, productivity dropped across ranks as employees trudged in half-asleep, having been up half the night watching matches. In contrast, Twenty-20 cricket eats up only three hours of productive time, compared to the usual 10.
Nilesh Shah aired his views on the sub-prime crises, after effects of the Budget and FIIs. He thinks Brazil is the best bet amongst upcoming markets due to its natural resources.
On the 25th anniversary of India's World Cup triumph, Madal Lal talks to Special Correspondent Bikash Mohapatra about that triumph, the inability of the Indian team to repeat the feat and other issues.
Three such funds have been launched recently, more are in the pipeline.
Market experts see interest in Indian equities given the strong economic growth, robust earnings and rising domestic consumption.
Prudential ICICI's managing director, Shikha Sharma, talks about how the journey has been so far and also why she thinks unit-linked insurance plans are the best allocators of long-term funds.
Magical! When cricket meets cinema...
India's mutual fund industry, led by market leaders Reliance Mutual Fund, ICICI Prudential and UTI MF, has witnessed a fall of over Rs 58,000 crore (Rs 580 billion) in its assets during March.Despite the fall, Reliance MF continued to be the most valued fund house in the country with Assets Under Management (AUM) of Rs 90,937.94 crore (Rs 909.37 billion) at the end of March.
