Five Indian-Americans have been named among the 400 richest people in the US by Forbes, a list topped by Microsoft co-founder Bill Gates for the 21st year in a row with a net worth of $81 billion.
The buzz in the IPO market continues with four companies launching their initial share sales this week to raise over Rs 14,628 crore collectively. This comes after four companies -- Devyani International, Krsnaa Diagnostics, Windlas Biotech and Exxaro Tiles-- launched their initial share-sales last week to mobilise Rs 3,614 crore. So far in the current fiscal, 16 companies have raised Rs 30,666 crore through IPOs against Rs 31,277 crore by 30 firms in the entire 2020-21. Going forward, market analysts expect the IPO environment to remain buzzing during the entire 2021-22.
While Mcleod Russel, ADF Foods, Indiabulls Real Estate, DCM Shriram and BSE have announced buyback through open market route, the remaining 23 companies plan to buy back their shares via tender offers
Ajay Piramal bets highly on infrastructure, realty
Companies like Brigade Group, Shriram Properties, Confident Group and Skyline Builders are in the final stages of completing the paper work of tying up these investments.
The primary market is set for a bumper Rs 80,000-crore bonanza with 30 companies already filing IPO papers to raise Rs 55,000 crore, while around 10 more are lined up for this month itself, seeking to mop up another Rs 25,000 crore, say investment bankers. The market has been on a non-stop rally, hitting new records almost every week, on the back of an influx of investors -- a vast majority of them first-timers -- coupled with a flood of liquidity. Foreign funds alone had pumped in a record $35 billion into the market in FY21, while the trend has continued this fiscal as well. Domestic institutions led by LIC have also infused trillions of rupees, helping woo retail investors in troves -- the year saw over 20 million new investors coming to the market.
Google Inc. founder-director Kavitark Ram Shriram and Bose Corporation Chairman Amar Gopal Bose have both moved up the rankings in the list of Forbes' 400 Richest Americans.
Kochhar retires by rotation, and being eligible, has offered herself for reappointment as director, said the broking arm in a notice for its Annual General Meeting to be held on August 30
V G Siddhartha's wife has the support of the employees. But the challenges ahead of her are tough.
Is the worst over for Indian banks? The past two years saw them ride on treasury trades as deposits soared and credit growth dipped sharply. Gross and net non-performing assets (NPAs) moved south, and the provision coverage ratio (PCR), capital buffers, and profitability indicators are back at pre-pandemic levels. So, what's the plot ahead?
'This issue is related to national security because they were compromising the entire capital markets's core infrastructure by leaking confidential information.' 'What would have happened if the servers had come down?' 'Or some confidential information leaked to terrorists who could have knocked out our capital market?'
The film will see the young actor in a whole new avatar.
Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of Balaji Telefilms, faced shareholder ire when they failed to obtain the requisite votes on resolutions proposing pay increases for them. In recent months, several promoter-directors, including Siddharth Lal of Eicher Motors and Pawan Munjal of Hero MotoCorp, have faced similar situations. Clearly, large institutional shareholders - and public shareholders - are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic.
'If she contests it, then these people will have to fight it in court.'
Hundreds of Muslim women on Friday protested against the Sena mouthpiece.
Experts explain the distinction between the rights of small and minority shareholders in public-listed and private companies.
Google board member Ram Shriram is among three Indian investors who have made it to the top 10 in the Forbes Midas 100 list of venture capitalists.
Faruqui and four others were arrested on January 1 following a complaint by a Bharatiya Janata Party MLA's son that alleged objectionable remarks about Hindu deities and Union Home Minister Amit Shah were passed by him during a comedy show at a cafe in Indore on New Year's day. One more person was arrested subsequently.
The penalty collected from Mazumdar-Shaw will be donated to a charitable organisation of her choice.
It has lined up formidable product line.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
When you start taking feedback seriously that's when you become a better human being, says Ravi Subramanian.
Thackeray announces Rs 1 crore for construction of Ram Temple from his trust.
Without panning Narayana Murthy's credentials, executives in many of these firms feel they are not sure about company's future.
A third of FMCG sales and half of motorcycle sales come from the hinterlands
Nifty crosses 9,750-mark; Bharti Airtel, TCS, Wipro, Lupin and Coal India gained the most on BSE Sensex
Falling margins, high inflation pitting workers against management.
Six Indian women have made it to Asia's most powerful women list released by Forbes.
Deficient rains in west, flooding in north play havoc with crop cycles.
There are solid reasons recent observations at the company raise question marks about its adhering to corporate governance in spirit.
Love is in the air... and on social media!
The reforms will help FPOs procure directly from farmers, something that they have been pressing for long.
A large number of the civilian awards went to persons from the 'art' category.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Analysts believe that new companies getting into banking space will look at acquiring old private banks. Following this view, there has been a significant rally in banking stocks.
Apart from fraud and corruption, MNCs have serious governance issues in India. Some of them include higher royalty payment to the parent, undervaluing assets of subsidiaries that are being merged and so on.
Announcement of India's first woman bank with Rs 1,000 crore capital is a great initiative.
Owing to cancelled schedules, busy Bollywood celebrities are engaging in all sorts of fun activities with their brood.
Metal prices from copper to aluminum and tin have shot up by about 7-32 per cent in the past three months.
