Equity fundraising through qualified institutional placements (QIPs) has gained traction, thanks to supportive equity markets and the need for fresh fundraising to meet capital expenditure (capex) requirements.
The government said losses made by national carrier Air India could be around Rs 7,853 crore in financial year 2011-12.
On the equity volume front, 7.66 lakh shares of the company were traded on BSE and over 91 lakh shares changed hands at NSE during the day.
Blessed with a glut of superb all-rounders in B Sai Sudarshan, Abhinav Manohar and Vijay Shankar, as well as bowlers like Rahul Tewatia and Rashid Khan who can smoke the opposition bowling when the situation demands, Gujarat look set to put on another big show for their fans this season.
The Enforcement Directorate on Thursday raided the premises of Delhi Cabinet Minister and Aam Aadmi Party leader Raaj Kumar Anand and some others as part of a money laundering probe, official sources said.
The Delhi high court on Monday granted bail to four convicts serving life imprisonment in the murder case of TV journalist Soumya Vishwanathan.
Drivers of commercial vehicles, including trucks and tankers, stopped work in several states on Monday and blocked roads at some places to protest against the provision in the new penal law regarding hit-and-run accident cases involving motorists.
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In a bid to enhance its equity exposure and earn higher returns for its nearly 65 million subscribers, the Employees' Provident Fund Organisation (EPFO) is considering reinvesting 50 per cent of its exchange-traded funds (ETFs) redemption proceeds back into equity. Sources close to the development said a proposal regarding this was discussed in the investment committee (IC) meeting in October last year, and the recommendation has been sent to the Central Board of Trustees (CBT), the apex decision-making body of the EPFO for its approval. The next CBT meeting is scheduled to be held on Saturday.
The push to develop Ayodhya as a tourism centre, accompanied by large-scale infrastructure projects, comes on the back of years of limited income growth and tourist inflows.
JM Financial on Wednesday said it had a "careful and detailed review" of the Reserve Bank's order imposing restrictions on the company's financing business and asserted that there was "no material deficiencies" in its loan sanctioning process. The Reserve Bank on Tuesday imposed restrictions on JM Financial Products Ltd after it found the company indulged in various manipulations, including repeatedly helping a group of its customers to bid for various IPOs (initial public offerings) by using loaned funds. "After careful and detailed review of the order issued by the RBI on the action against JM Financial Products Ltd, we strongly believe that there have been no material deficiencies in our loan sanctioning process.
Dear Finance Minister, We don't expect magic, just a little understanding and some tax relief that feels like a real reward, not a bare minimum. A little extra fuel in our wallets could go a long way, pleads Vatsal Ramaiya
Riding on a bull run, equity investors became richer by Rs 128.77 lakh crore in the 2023-24 fiscal, driven by robust fundamentals of the Indian economy, increased investment inflows and promising corporate earnings. After a muted performance in 2022-23, equity markets made a remarkable recovery in FY24, giving handsome returns to investors. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in 2023-24.
The recent price correction in broader markets has hit cement companies hard. So far in the current month, smallcap firms like Visaka Industries, Andhra Cements NCL Industries, Sahyadri Industries, and KCP have lost 19.7 per cent, 14.3 per cent, 13.8 per cent, 13.5 per cent, and 11.5 per cent, respectively. On the contrary, largecap companies, while registering losses for the month, have seen a softer blow.
The highlight of the Rapid facelift comes in the form of a new 1.5-litre four-cylinder diesel engine.
Adani group opened a $1.2 billion copper plant, bought a port in Odisha, raised stakes in a cement company and stitched an alliance with rival Mukesh Ambani's Reliance Industries, all in a matter of one week in signs that the apples-to-airport conglomerate has shrugged off the Hindenburg effect and is back to rapid expansion spree. In the last one week, Adani group has through regulatory filings and press statements announced expansions and investments in its mainstay ports business, diversification into metal refining, fund infusion into a two-year-old cement foray and continuing progress in the commissioning of its mega solar project.
The booking will open on January 14, at 8 am, it said in a statement.
Post the sale, Batni's stake in the firm declined to 0.095 per cent (549,847 shares).
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
Urban Development Ministry had in June last year released the guidelines.
Chennai Super Kings' batters dazzled before the bowlers ran riot to thrash Gujarat Titans by a thumping 53-run margin.
AUM had touched a record level of Rs 9.58 lakh crore in August last year.
The cash pile within smallcap mutual fund (MF) schemes has grown over the past few months amid a relentless rally in stocks in this space. While fund managers usually don't make cash calls, incessant inflows and valuation discomfort have forced their hand. At the end of January, the top 10 schemes had over Rs 12,160 crore in cash, compared to Rs 8,700 crore in August 2023.
All eyes will be on whether Sitharaman will deliver a populist budget leaving more money in hands of the common man or push the reform agenda by staying on the fiscal glide path to lower the fiscal deficit to 4.5 per cent of GDP by 2025-26.
The second edition of the TATA Women's Premier League Player Auction list is out with a total of 165 cricketers set to go under the gavel on December 9th in Mumbai.
'Personal income tax is growing by 27 per cent and most refunds have already been issued.'
Luxury car-maker Audi on Monday expanded its product range in the country by introducing the RS 7 Sportback, priced at Rs 1.28 crore.
Gold prices crashed by another Rs 130 at Rs 7,335 per 10 gram on the bullion market today on sustained selling by stockists and speculators largely fueled by a weakening trend in Asian markets. \n
'What happened to Andhra Pradesh? It is the perfect example of the transientness of Federal Units.' 'Federalism is a transient thing in this country.'
Sukhu said that he was a warrior and will fight till his last to ensure the welfare of the state and its people.
Surprisingly, the BJP's nearest rival in ad spend was not the Congress, but the Bharat Rashtra Samithi.
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Several fire fighting teams present on the spot brought the fire under control immediately but they were not swift enough to prevent the blaze from destroying the thatched roof of the main pandal completely.
This follows a staggering inflow of Rs 19,967 cr in equities and debt last month
Hyundai Motor India expects SUV sales to account for 65 per cent of its overall volumes in 2024, while it gears up to enter the EV segment early next year, aiming to garner 20 per cent of its total sales by 2030, its COO Tarun Garg said on Tuesday. The automaker, which got around 60 per cent of its overall volumes from sports utility vehicle (SUV) sales last year, plans to invest Rs 7,000 crore on its second plant at Talegaon, according to Maharashtra Deputy Chief Minister Devendra Fadnavis. The company officials however declined to comment on the matter.
The contracts for the procurement of the platforms and weapons systems were signed in the presence of Defence Minister Rajnath Singh and defence secretary Giridhar Aramane, under whose guidance these deals fructified, an official readout said.
Amid protests from vegetable merchants over tax raids, the I-T department has unearthed unaccounted money worth over Rs 7 crore (Rs 70 million) from Punjab-based wholesale vegetable merchants, an official said.
Twelve ultras made the demand at the company's Meghahatuburu\n\nmine in West Singhbhum district in Jharkhand.
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