New norms are in place to strengthen regulations for this set of lenders which has been playing a critical role in Asia's third largest economy, notes Tamal Bandyopadhyay.
While the Union Cabinet had in November last year approved the sale of the government's entire 52.98 per cent stake in BPCL, offers seeking expression of interest (EoI), or bids showing interest in buying its stake, were invited only on March 7. The EoI submission deadline was May 2, but on March 31 it was extended up to June 13. On Wednesday, the government said this deadline is further being extended up to July 31.
Besides electric vehicles, some start-ups present are working in the area of bike customisation, motorsports, auto gaming arena, autonomous vehicle and so on
Market regulator Sebi to support stert-ups raise funds.
The government is keen to close the sale before March 31, 2021, to help meet a record Rs 2.1 lakh crore target which Finance Minister Nirmala Sitharaman has set from divestment proceeds in the Budget for 2020-21.
If the fiscal deficit for the year can be maintained at Rs 7.04 trillion, the deficit as a percentage of GDP will slip to 3.44 per cent
Three terrorists attempted a forced entry into the hotel. A guard at the entrance challenged them after which the terrorists opened fire and killed him, the army's media wing Inter-Services Public Relations said.
Kicking-off the process of divestment in Bharat Petroleum Corp, government has invited bids for appointment of a global advisor for sale of 35.2 per cent stake in the oil PSU through public offer.
Ahead of its public offer to dilute 10 per cent government stake, state-owned Oil and Natural Gas Corp said on Wednesday that its net worth has risen to Rs 42,250 crore (Rs 422.5 billion) as on December 31
'The Chinese fault lines are tremendous and we need to exploit them.'
The move is a show of faith from three of the world's biggest technology companies in fast-growing Snapdeal
Sector-wise, banking, IT, pharma and realty indices drove the market momentum.
These investors are not only betting on little-known stocks, but also sectors that the market participants are not paying much heed to. Some of these stocks can be potential multi-baggers, while others may not live up to the expectations of these stock-pickers, says Jash Kriplani.
Founded in 2006, PremjiInvest's assets under management are worth over $2 billion across India
The failure to restructure our armed forces in line with contemporary needs 14 years after the Kargil war will impose strategic costs beyond just delays and scandals, says Nitin Pai
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
Traditionally, issuance from Chinese companies dominate the green bond market, but other emerging market economies are coming up fast
Higher disposable incomes, rural push and infra push to boost auto sector
US fast-food giant McDonald's Corp has ended its 41-year-long Olympic Games sponsorship deal three years early, the International Olympic Committee said on Friday.
The ban on taxi aggregators can put at risk investments of at least Rs 2,000 crore (Rs 20 billion), made by private equity (PE) and venture capital (VC) investors.
Should we be exposing our women volunteers to the barbarity of actual combat?
In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level.
Morgan Stanley has big plans to invest in India's real estate.
A preliminary deal for sale of 49 per cent in Essar Oil to Rosneft was signed between the companies in July 2015.
'The target for next year is unlikely to be more than that of this year. The more you divest in any cycle, the less your potential pipeline for the next,' said an official. 'The first two issues we want to tackle and complete in FY20 are Air India and Hotel Ashok.'
The apex court also asked Sahara Group to provide it within two weeks the list of 'unencumbered properties' which can be put on public auction.
The Vedanta group on Wednesday confirmed putting in a preliminary expression of interest (EoI) for buying the government's stake in Bharat Petroleum Corp Ltd (BPCL).
Services attracted the most FDI during the first eleven months period of 2015-16.
It is significant that the PM's appeal to invest in India comes at a time when the global economy is facing a difficult phase
Under mounting pressure from sponsors and Native American rights groups, Washington Redskins owner Dan Snyder said on Friday he would consider changing the name of the National Football League team whose roots date back to the 1930s. Snyder, who has previously stated he would not change the name, softened his stance a day after FedEx Corp, which owns the naming rights to the team's Landover, Maryland, stadium, called for the NFL club to be rebranded.
The company will now focus on value creation for shareholders in the defence and construction businesses.
Centre working on open-ended lease agreement to enablesale of property at the end of the agreement period
Senior advocate Kapil Sibal, representing Roy, said it was quite difficult to raise money as the properties have already been attached.
Government-owned companies are more generous in rewarding their shareholders with dividends.
In the last fiscal, the government had originally budgeted a dividend income of Rs 27,178 crore (Rs 271.78 billion) from PSUs.
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
Raghavendra Kamath reports on what ails India's real estate sector.
They now believe their money will be repaid after completion of the tenure of the instruments they have invested in, says Anup Roy.
Large manufacturers are investing in small companies to get a peek into their R&D. Alnoor Peermohamed and Anita Babu report.
The department believes dividend from CPSUs is a return on investment made by the government.
