News for 'Public Investment Board'

Why Are Airport Roofs Collapsing?

Why Are Airport Roofs Collapsing?

Rediff.com1 Jul 2024

Are faulty design, hurried construction and private ownership to be blamed for the incidents of airport roofs crashing?

New panel for talks with Airbus

New panel for talks with Airbus

Rediff.com10 Dec 2004

Govt may not give cover for IA plan

Govt may not give cover for IA plan

Rediff.com10 Nov 2004

ONGC gets nod for MRPL stake

ONGC gets nod for MRPL stake

Rediff.com20 Feb 2003

'LIC's investment decisions won't change'

'LIC's investment decisions won't change'

Rediff.com19 Jul 2022

'We try to pick up stocks early and hold onto them for the long term.' 'We are not someone who buys and sells on a daily basis.'

Self-Employed? Planning Retirement?

Self-Employed? Planning Retirement?

Rediff.com27 Dec 2023

The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.

Decision on IA fleet plan likely on Jan 29

Decision on IA fleet plan likely on Jan 29

Rediff.com15 Jan 2004

The fleet acquisition programme of Indian Airlines will move one step forward on January 29 when the Public Investment Board takes up the issue to finalise the plan, official sources said on Thursday.

IA expansion plan on track

IA expansion plan on track

Rediff.com6 Jan 2004

'Any investment is prone to risk'

'Any investment is prone to risk'

Rediff.com15 Dec 2021

'The markets haven't corrected, that doesn't mean that they will only go up and up.'

The Mystery of ZEE and DIIs

The Mystery of ZEE and DIIs

Rediff.com6 Feb 2024

Why are DIIs holding such a high stake in Zee, which is beset with alleged governance issues? Perhaps they think Zee is a deep-value stock, observes Debashis Basu.

RBI's balance sheet is 2.5X Pakistan's GDP

RBI's balance sheet is 2.5X Pakistan's GDP

Rediff.com30 May 2024

The size of Reserve Bank's balance sheet increased by 11.08 per cent to Rs 70.47 lakh crore as on March 2024, leading to the highest-ever dividend payout to the government, according to the central bank's annual report. In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as on March 2023.

B'lore metro project in 4 years: Azad

B'lore metro project in 4 years: Azad

Rediff.com16 Feb 2005

Affirming that the Centre was "serious" about Rs 4,000-odd crore (Rs 40 billion) Metro Rail for Bangalore, Union Urban Development Minister Ghulam Nabi Azad on Wednesday said the project was expected to be completed in four years. \n

IA asked to rework fleet buying cost

IA asked to rework fleet buying cost

Rediff.com13 Jun 2003

Fundraising via SME IPOs touches new high in FY24

Fundraising via SME IPOs touches new high in FY24

Rediff.com2 Apr 2024

The initial public offerings (IPOs) by small and medium enterprises (SMEs) hit a new high in 2023-2024 (FY24). In this financial year, data from the Prime Database showed that 190 companies raised Rs 5,579 crore through the SME IPO route. This financial year's tally bettered the fundraising in the previous financial year when 125 companies raised Rs 2,235 crore.

IA, A-I aircraft deals get rolling

IA, A-I aircraft deals get rolling

Rediff.com17 Apr 2003

SBI to invest up to Rs 1,760 cr in Yes Bank's FPO

SBI to invest up to Rs 1,760 cr in Yes Bank's FPO

Rediff.com8 Jul 2020

Yes Bank said it has received approval from the Capital Raising Committee of the Board of Directors of the Bank for raising funds by a way of FPO.

After missing 1st shot at listing, firms re-file DRHPs with lower size

After missing 1st shot at listing, firms re-file DRHPs with lower size

Rediff.com9 Aug 2023

Companies, which missed out on listing earlier, are giving it another shot but with significantly-reduced issue sizes. In the recent past, companies such as TVS Supply Chain Solutions, Suraj Estate Developers, and ESAF Small Finance Bank have re-filed their draft red herring prospectuses (DRHPs) with the Securities and Exchange Board of India (Sebi). This came after they slashed their issue sizes by 20-60 per cent.

Domestic MFs anchoring more listings as issue sizes shrink

Domestic MFs anchoring more listings as issue sizes shrink

Rediff.com27 Sep 2023

Domestic mutual funds (MFs) have underpinned demand for most public floats this year, dominated by small- and mid-sized initial public offerings (IPOs). Of the 24 IPOs that have hit the market so far this financial year (2023-24, or FY24), MFs have played the role of 'anchor investors' in 20. They have subscribed to over 40 per cent, or Rs 2,850 crore, worth of shares of the Rs 6,900 crore on offer in the anchor category, according to data provided by PRIME Database, a firm that tracks primary market data.

What Are RBI's Challenges In 2024?

What Are RBI's Challenges In 2024?

Rediff.com9 Feb 2024

The challenge for the RBI in 2024 is likely to be less about containing elevated inflation and more about curbing excessive financial market exuberance and a 'problem of plenty', notes Sajjid Chinoy, Chief India Economist JP Morgan.

Review plea filed against SC verdict on Adani-Hindenburg row

Review plea filed against SC verdict on Adani-Hindenburg row

Rediff.com13 Feb 2024

The petition claimed there were "mistakes and errors" in the judgment, and in light of certain new material that had been received by the counsel for the petitioner, there were sufficient reasons for a review of the verdict.

Adani Crisis: What RBI, SEBI Must Do

Adani Crisis: What RBI, SEBI Must Do

Rediff.com6 Mar 2023

In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.

SAT sets aside Sebi penalty on Cairn India in share buyback case

SAT sets aside Sebi penalty on Cairn India in share buyback case

Rediff.com5 Oct 2023

The Securities Appellate Tribunal (SAT) has set aside capital markets regulator Sebi's order that imposed a penalty of Rs 5.25 crore on Cairn India for making a misleading announcement regarding buyback of shares in 2014. Cairn India, which was merged with Vedanta Ltd in 2017, was accused of making a misleading public announcement designed to influence investors' decisions. "We hold that the violations of provisions of... the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) Regulations and... the Buyback Regulations are not proved against the company (Vedanta)," a bench consisting of Justice Tarun Agarwala and presiding officer Meera Swarup said.

'I expect 8% growth next year'

'I expect 8% growth next year'

Rediff.com29 Dec 2023

'We will see a lot of investments from the private sector.' 'As long as we are not impacted by some global events, I think we will be in a strong place.'

Shaktikanta Das: RBI Governor Who Walks The Talk

Shaktikanta Das: RBI Governor Who Walks The Talk

Rediff.com13 Mar 2024

'Das is friendly, but he finally does what he does. The quality of engagement is very good.'

India, US, 12 other IPEF members ink pact

India, US, 12 other IPEF members ink pact

Rediff.com15 Nov 2023

India, the US and 12 other members of the IPEF grouping have signed a supply chain resilience agreement that would help mitigate risks of economic disruptions from supply chain shocks and improve crisis coordination. The agreement would help member countries like India to reduce their dependence on China and provide timely information to the IPEF member countries about potential supply disruptions. The COVID outbreak severely disrupted the global supply chain, as most countries were dependent on China for various products like pharma raw materials.

Plans afoot to develop Noida-like industrial city in UP's Bundelkhand

Plans afoot to develop Noida-like industrial city in UP's Bundelkhand

Rediff.com9 Jan 2024

Noida was conceived in the 1970s and went on to transform the Western UP's landscape for good. Akin to the New Okhla Industrial Development Authority (Noida), the Yogi Adityanath government has instituted the Bundelkhand Industrial Development Authority (BIDA) with its epicentre in Jhansi.

Time to make tax-saving investments

Time to make tax-saving investments

Rediff.com28 Dec 2020

Tax planning should not be left for March. If you do so, you could face a severe cash crunch in that month, warns Sanjay Kumar Singh.

Want to invest in Corporate FDs? Read this

Want to invest in Corporate FDs? Read this

Rediff.com5 Nov 2020

When looking for alternatives, consider several parameters -- your investment horizon and liquidity requirement, post-tax returns, and risk.

Getting Married? Plan Finances First!

Getting Married? Plan Finances First!

Rediff.com23 Oct 2023

For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.

Sebi's new disclosure rule escalates rift at Bengaluru-based TD Power

Sebi's new disclosure rule escalates rift at Bengaluru-based TD Power

Rediff.com21 Aug 2023

A new regulation concerning the disclosure of family arrangements by listed companies is exacerbating rifts between feuding shareholders. The latest example is Bengaluru-based TD Power Systems (TDPS), currently enmeshed in a legal dispute before the Karnataka high court over ownership of its 16 per cent equity. Vijay Kirloskar, who is asserting a claim over the 16 per cent stake held by Mohib Khericha (chairperson of TDPS) and Nikhil Kumar (managing director of TDPS and nephew of Kirloskar), has sent a letter to the market regulator, Securities and Exchange Board of India (Sebi), and stock exchanges. He accuses TDPS of insufficient disclosure concerning shareholder agreements.

Private equity dealings at listed firms to face shareholders' test

Private equity dealings at listed firms to face shareholders' test

Rediff.com23 Jul 2023

The special privileges granted to private equity (PE) investors by listed companies are set to go through shareholders' test. Under new rules introduced by the Securities and Exchange Board of India (Sebi), all such arrangements will require shareholders' nod by way of special resolutions. Legal experts say arrangements that are unfair to other public shareholders may not pass the muster.

Paytm listing fiasco: Sebi may quiz investment bankers

Paytm listing fiasco: Sebi may quiz investment bankers

Rediff.com27 Nov 2021

Sebi also plans to examine if any comments made by company officials or the bankers could have misled investors.

Market structure to face shorter IPO timeline test: Industry players

Market structure to face shorter IPO timeline test: Industry players

Rediff.com18 Aug 2023

The shift to a shorter T+3 settlement cycle for initial public offerings (IPOs) will be a big test of the domestic market structure, requiring players in the ecosystem to work harder to meet the squeezed timelines, according to industry insiders. The Securities and Exchange Board of India (Sebi), has announced that the transition to the T+3 cycle will be voluntary starting next month and mandatory from December 1. The new mechanism will necessitate quicker confirmations from banks and speedy verification of permanent account numbers (PANs) for all applicants.

Dabur keen to acquire 26% stake in Religare for Rs 2,116 cr

Dabur keen to acquire 26% stake in Religare for Rs 2,116 cr

Rediff.com25 Sep 2023

Entities belonging to the Burman family, the promoter of Dabur India, on Monday announced a Rs 2,116 crore open offer to shareholders of Religare Enterprises Ltd (REL) to acquire up to an additional 26 per cent stake in the company as part of its strategy to enter the financial services space. Post the open offer, the family's stake in the financial services firm is expected to increase to 51 per cent. The open offer is made to increase the family's stake and take control of REL and this will mark the entry of Burmans into the financial services space.

Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns

Binny Bansal, Accel and Tiger Global exit Flipkart with bumper returns

Rediff.com1 Aug 2023

Walmart, the world's largest retailer, has paid $1.4 billion to buy out US-based Tiger Global's investment in e-commerce firm Flipkart, according to sources. The transaction puts Flipkart's valuation at $35 billion, against nearly $38 billion in 2021 when it raised funds from Japan's SoftBank, Walmart, and other investors. Tiger Global, Flipkart co-founder Binny Bansal, and Accel now have all fully exited the e-commerce firm by selling their stake to Walmart.

EPFO may now get to invest in cash-starved infra sector

EPFO may now get to invest in cash-starved infra sector

Rediff.com10 Nov 2020

At present, the EPFO is mandated to invest 20-45 per cent of its incremental funds - of around Rs 1.5 trillion - in debt-related instruments.

As of now Mobikwik has no plans to enter banking space

As of now Mobikwik has no plans to enter banking space

Rediff.com8 Nov 2023

'We are focused on playing on our strengths, which are technology, and building a large profitable business by working with banks as well as non-banks and NBFCs for loans.'

Cryptocurrencies: 'Invest for long-term'

Cryptocurrencies: 'Invest for long-term'

Rediff.com3 Jun 2021

'Allocate some parts of one's surplus income towards cryptocurrencies, considering the immense growth potential of this emerging asset class.'

Must be careful about staying films, says SC, refuses 3rd Kerala Story plea

Must be careful about staying films, says SC, refuses 3rd Kerala Story plea

Rediff.com4 May 2023

The Supreme Court on Thursday refused to entertain for a third time a petition challenging the CBFC certification granted to controversial movie The Kerala Story, saying courts must be very careful while staying exhibition of films.