"Till September we have refinanced loans worth Rs 1,500 crore (Rs 15 billion). We will lend another Rs 3,500-4,000 crore (Rs 35-40 billion) to REC and PFC by the end of this fiscal," IIFCL Chief Executive Pradeep Kumar said.
Public sector major NTPC's follow-on public offer (FPO) managed to scrape through today, but raised questions about the state of the primary markets and the government's disinvestment programme.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
After Kangana Ranaut's revelations about Hrithik Roshan last week, Sussanne Khan springs to ex-hubby's support.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a five-year-long reform-based result-linked power distribution scheme worth Rs 3.03 lakh crore, for strengthening system of utilities to improve efficiency. Briefing after the CCEA meet here, Power and New & Renewable Energy Minister R K Singh said, "We have done a lot for power distribution reforms. It needs to be strengthened. Today, the Cabinet has approved the new scheme worth Rs 3.03 lakh crore, including Rs 97,000 crore central outlay." He said the funds would be given to power distribution companies (discoms) to strengthen their system.
Finally, Trai has also said that spectrum can be shared between only two operators, not three.
In the start-up world, hitting the $1-billion mark, which accords the "Unicorn" tag, is a milestone. Enterprises typically reach the milestone only by series C or series D, or three to four funding rounds later. Zeta achieved it at the first one. On May 25, the six-year-old banking tech firm raised $250 million from Japanese conglomerate SoftBank, at a post-money valuation of $1.45 billion. "This is the first time we have raised institutional money," Zeta co-founder Bhavin Turakhia beamed on the conference call. This trajectory is uncommon in start-ups.
No impact of exits on client engagements, says company.
Kannada actress Rukmini Vijayakumar played superstar Rajinikanth's sister in Kochadaiyaan.
Malaysian authorities on Wednesday said some files were found deleted from the flight simulator found at the house of the pilot aboard the missing jetliner and experts are trying to retrieve the data that could be crucial for solving the aviation mystery.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
For first time in 8 yrs, stake sale proceeds could exceed Budget Estimates. ONGC's acquisition of HPCL alone could get the exchequer more than Rs 30,000 crore.
India has been ranked below its two nuclear-armed neighbours -- Pakistan and China -- in the list of countries with a weak nuclear material security in the world, according to a US-based think-tank.
Divestment Commission has recommended privatisation of three public sector enterprises, including the Rural Electrification Corporation.
Scoffing at the criticism over the government's decision to bring an ordinance to implement the Food Security Bill, Union minister Manish Tewari on Thursday accused the Opposition of shedding "crocodile tears" over Parliamentary propriety.
Founder Narayana Murthy has lost eight top executives since returning to the outsourcing company.
Tata Sons stake in the group's listed companies is now worth Rs 9.28 trillion, up 34.4 per cent on a year-on-year (YoY) basis. In comparison, the Government of India's stake in listed central public sector undertakings (PSUs) is currently valued at Rs 9.24 trillion
This is the second highest divestment proceeds in a financial year.
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.
Bollywood actress Jiah Khan has allegedly committed suicide by hanging herself at her residence in Mumbai, police said.
Kevin Pietersen was included in a 14-man squad for next week's third Ashes Test against Australia at Old Trafford despite concerns over his calf injury, the England and Wales Cricket Board (ECB) announced on Sunday.
The mid-cap universe - comprising firms that rank 101-250 in terms of m-cap - could see as many as 17 new stocks move out. Similarly, over half a dozen stocks could exit the large-cap universe, which is defined as the top 100 entities in terms of m-cap.
The world wrestling federation (FILA) will hold an extraordinary congress in May to elect a new president as the ancient sport battles to maintain its place on the Olympic programme.
Hyderabad Police has detained three operatives of the Students Islamic Movement of India from the east Godavari district of Andhra Pradesh in connection with the twin blasts that rocked the city last week.
An inquiry committee set up to investigate the reasons behind the stampede at the railway station in Allahabad has been directed to submit its report within one month, Uttar Pradesh Chief Secretary Javed Usmani said on Monday.
Sri Lanka enjoys good bilateral relations with India despite the anti-Lanka protests in Tamil Nadu, President Mahinda Rajapaksa said on Monday. Replying to a question on the simmering tension in Tamil Nadu vis a vis Sri Lanka, Rajapaksa said that he would welcome the politicians from the state to visit the island nation and witness its progress.
Left workers were attacked and several vehicles set ablaze allegedly by the Trinamool Congress at Bamunghata in South 24 Parganas district on Tuesday when they were going to attend a rally to protest Sunday's attack on Marxist leader Abdur Rezzak Mollah, Communist Party of India-Marxist leader and former minister Kanti Ganguly said.
The Pakistan selectors decided to drop the senior trio of Shoib Malik, Kamran Akmal and Imran Farhat from the probables list in the wake of team's failure in the Champions Trophy but at the same time recalled veterans Shahid Afridi and Younis Khan for West Indies tour.
In an online chat with Get Ahead readers on November 7 Dr Phulrenu Chauhan from Hinduja Hospital answered queries on control and prevention of diabetes.
It will take 1/10th of the current expenditure on subsidy to benefit the bottom 40 per cent of the population, according to Laura Papi, Assistant Director, Asia and Pacific Department at the International Monetary Fund.
The Bombay high court on Monday ticked off the Maharashtra government for not complying with its order to form a multi-member panel to look into recent hike in fares of autorickshaw and taxi saying the state is being held hostage by pressure groups.
Besides Florida and Louisiana, the Houston Consulate provides service to Indian community and businesses in Alabama, Arkansas, Georgia, Kansas, Mississippi, Oklahoma and Texas states.
An ordinance to protect Hindu temples and manage their affairs across Kashmir Valley is in the offing.
Last year, the government had allowed NHAI, IRFC, Hudco, REC and PFC to issue tax-free bonds.
In just two years, Bank Bazaar.com was chosen as one of the 'Hottest Startups' in India.
Apparently taken aback by Bahujan Samaj Party chief Mayawati successfully pushing the quota in promotion bill, Samajwadi Party chief Mulayam Singh Yadav sought to counter it in the Lok Sabha on Tuesday by making a strong pitch for reservation in government jobs for Muslims.
Colin Ingram hit an unbeaten century to propel South Africa to an easy 125-run win in the first One-day International on Sunday as Pakistan fell way short in the chase.
This child prodigy tells George Joseph that he wants to be a scientist; discover something big.
London Olympics organising chief Sebastian Coe is set to take over as the chairman of the British Olympic Association (BOA) after his only opponent for the job pulled out on Tuesday.
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