Mobile operator Spice Telecom, which is planning to tap the capital market with an initial public offer, has got Foreign Investment Promotion Board's nod for the public issue.
'Genuine' share transfer gets relief; CBDT lists three scenarios where tax would be levied
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
The new norms also seek to ensure that sufficient safeguards are put in place to avoid any misuse of its new powers and the required privacy of individuals is granted while conducting search and seizure operations.
'If Pinarayi Vijayan gets another term, Kerala will be a state where everybody has a house.'
The rally followed the govt's plan to bolster state-owned lenders.
The decision will benefit over nine crore such account holders having total deposit of around Rs 32,000 crore.
'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.
A battle is brewing in the families which run the Jagran group of newspapers. The group's flagship brand, Dainik Jagran, is the country's largest circulated newspaper.
Nikesh Arora is one of the highest-paid business leaders globally.
IPO grading will answer questions on the fundamentals of the company
A chunk of divestment till now has come from follow-on offerings in the Centre's two ETFs, Bharat-22 and CPSE. Now, there will be initial public offerings of Mazagon Docks, rail companies RVNL and IRFC and MSTC.
The Rs 63,000-cr Mumbai-Ahmedabad high-speed corridor and Rs 14,000-cr CSTM-Panvel suburban corridor are two of the largest projects.
The Enforcement Directorate opposed the bail application before special judge O P Saini in its written submission and sought time to argue the matter.
Move aimed at giving more headroom to foreign investors.
The Central Economic Intelligence Bureau, lead agency under Finance Ministry to gather and disseminate intelligence related to financial crimes, has traced illegal flow of money through Private Placement Programme, which involves offering of securities to select individuals or groups, upto 50 in numbers, official sources said.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
As per information available with the Corporate Affairs Ministry, the new company was incorporated on November 5 with a total paid up capital of Rs 500,000 and has been registered in New Delhi.
'If anybody defaults on something which is due for today, they have to disclose it tomorrow.' 'The accumulation of NPAs is due to asymmetry in information.' 'The investor should have real-time information.'
Global public relations Burson Marsteller on Monday acquired Genesis Public Relations one of India's leading PR firms for an undisclosed sum.
Burjis Godrej, 25, son of Nadir Godrej will join Godrej Agrovet in July
BSE says all requirements complied with.
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
Modi's minimum government, maximum governance will go a long way?
Gupta's lawyer Seth Waxman argued his case during a hearing before a three-judge panel of the 2nd US Circuit Court of Appeals in New York on Monday.
RIL has completed Network 18s open offer after four months of acquiring the latter.
In its complaint filed in 2011, the SEC alleged that Gupta disclosed confidential information about Berkshire Hathaway Inc's $5 billion investment in Goldman Sachs
'Make no mistake, legally Chanda Kochhar was not and still is not obliged to quit.' 'But quitting earlier would have placed her personally and as a leader on a very high pedestal, indeed where she belonged until this lapse,' says S Muralidharan, former managing director, BNP Paribas.
A host of companies have been lined up by the disinvestment department as candidates for stake sale.
The stock market regulator's definition of large, mid, and small-cap companies has irked mutual fund managers, reports Samie Modak.
Under the new norms, 75 per cent shares can be reserved for institutional investors
R Venkataramanan, the managing trustee of the Sir Dorabji Tata Trust who is responsible for all Tata-run trusts, prefers to keep a low profile but has emerged as a power centre in the group - with more clout than many established CEOs, says Dev Chatterjee.
Lenders say settlements will cross over 100 accounts in the March quarter.
The divestment ministry is approaching the Foreign Investment Promotion Board for permission to allow foreign institutional investors, NRIs and overseas corporate bodies to participate in the ensuing public offer for government stake in MUL.
The global COVID-19 situation, rollout of vaccines, geopolitical trends, Union Budget and economic recovery would be the major factors driving investor sentiments in 2021 after a tumultuous year which saw both 'the worst of times and the best of times' for the stock market, said analysts. What a year 2020 turned out to be! From witnessing gigantic losses to record-shattering gains, investors went on a roller-coaster ride amid the coronavirus pandemic and massive stimulus measures. Markets closed 2020 with remarkable gains of around 16 per cent, but will the winning ways continue in 2021 as well?
'She was either overconfident that nothing will happen to her or she underestimated the gravity of the allegations.'
'Saying the private industry will come and transform India's space programme is real moonshine!'
The funds, some of which have invested in the NSE for almost a decade, want the exchange to list as soon as possible so that they can exit and pay back investors in their funds