$47.6 bn capital invested across 921 deals in India in 2020, despite pandemic.
The bonds are expected to be listed on the Singapore Stock Exchange and closing is likely to take place on January 21, 2008, subject to requisite approvals, Gremach said in a filing to the Bombay Stock Exchange. The company intends to use the net proceeds of the issue for foraying into oil rig business as may be permitted by Indian law and RBI regulation.
This is the first big move in the investigation of the British Virgin Islands list where the I-T department has found a significant amount of tax evasion.
The Indian rupee is down nearly 2 per cent against the US dollar since the beginning of January 2019. Experts attribute the Indian rupee's relatively poor performance to a sharper-than-expected fall in economic growth in India.
Britain and China have clashed over the offer of British National Overseas passports to Hong Kong residents, observes Rup Narayan Das.
Bourses ask for okay in the 'permitted to trade' category; brokers and legal experts speak in favour.
In the past few days, many companies, including fashion e-tailer Nykaa, food delivery platform Zomato, logistics and delivery firm Delhivery, insurance discovery platform PolicyBazaar, eyewear retail chain Lenskart, and edtech and online tutoring firm Byju's, have openly spoken about their IPO plans.
Crypto-assets are essential to blockchain technology, which has the potential to be one of the next major growth drivers for the software ecosystem in India. A prohibition would nip this opportunity in the bud, say Vaibhav Parikh and Jaideep Reddy.
The Indian government had in January 2010 launched VoA scheme to attract more foreign tourists to India.
This is the largest single dose of equity infusion into the joint venture since its launch in January 2015.
L&T received bids for 5.54 crore shares on Thursday at the close of market hours. This is 108.09 per cent higher than the total offer, as per information available on the BSE. The open offer - for Rs 980 a share - opened on June 17 and is scheduled to close on Friday.
Former RBI governor admits to being a 'greenhorn' as he started his stint at the central bank.
The Finance Ministry further said decision on seven FDI proposals has been deferred.
Tata Steel has lost the bidding battle for Vietnam's Vinausteel and SSE Steel after losing a vote on the resolution for its sale and purchase agreement by Vietnam Industrial Investments, the parent company of the two steel makers.
Tata Iron and Steel Company Ltd has completed the acquisition of Singapore-based steel company NatSteel Ltd by subscribing to 100 per cent equity of its subsidiary NatSteel Asia Pte Ltd (NatSteel Asia).
In a letter to the Prime Minister, the Women of Big Bazaar SOS group said: "Future Retail and Reliance had entered into an arrangement through which Future's retail stores will continue to be operated by Reliance. Reliance has also committed to clear all debts and dues owed by Future Retail to suppliers and vendors."
'Xi Jinping is keen that the second Trump-Kim summit happens soonest.' 'Kim is reported to have told Xi that he expects to achieve a result from a second summit that the international community would welcome,' points out Dr Rajaram Panda.
SET India, in which Sony Entertainment Pictures holds 64.5 per cent stake, plans to acquire 100 per cent of SET Satellite Singapore through a share-swap deal, sources said.\n\n\n\n
Travel companies and agencies are offering early bird discounts going up to 40 per cent. Priyadarshini Maji reports
India plans to launch trading of government bond futures within the next two months as part of efforts to deepen its financial markets, according to several sources involved in the discussions with the central bank.
Anil Ambani group firm Reliance Natural Resources Ltd said on Wednesday it will raise $300 million through issue of Foreign Currency Convertible Bonds in the international market.
The Enforcement Directorate (ED) has sought legal assistance from Singapore and Mauritius to take forward its probe in the alleged financial irregularities in the Indian Premier League tournament (IPL) and its former chairman Lalit Modi.
The BSE and the NSE have also been asked to provide inputs.
Fin Tech raises Rs 450 cr through FCCBs.
The airline informed the ministry that it would operate 75 planes by April-end.
'No germ, virus or bacteria worth its nasty trait was allowed across the threshold,' observes Kishore Singh.
Swiss brokerage UBS joins European banking peer HSBC in shutting down its offshore derivative business
In 2014, Sun Pharma agreed to buy Ranbaxy -- which was then controlled by Daiichi.
Sebi has approved the norms for financial institutions setting up shop at GIF City in Ahmedabad.
Deccan Chronicle Holdings Ltd on Tuesday said it has launched $54.02 million foreign currency convertible bonds offering.
'NRI interest has gone up in the past three-four years.'
Parkway Holdings, the subject of a tussle for control between India's Fortis Healthcare and Malaysia's Khazanah, on Monday said the US fund manager Templeton has reduced holding in it to 4.97 per cent during the last one year.
This warrant will be sent to the ministry of external affairs which in turn will be sending it to the United Kingdom
The loss-making airline has already started using food items stocked from India during its onward journey to Stockholm, Copenhagen, Birmingham and Madrid, and use them when returning. It has said food items purchased from these foreign cities are much more expensive when compared to Indian cities.
Kishore Biyani-led Future Retail Ltd (FRL) on Thursday told the Delhi high court that Amazon was opposing the Rs 24,713 crore deal with Reliance as the Mukesh Ambani company was a competitor, a contention denied by the US-based e-commerce giant which said it was interested in salvaging FRL. FRL contended before a bench of Chief Justice D N Patel and Justice Jyoti Singh that Amazon was not concerned if the deal falls through then all the shops of the Indian company would be closed down and it's more than 25,000 employees would be without any livelihood. Senior advocate Harish Salve, appearing for FRL, told the court that the US-based e-commerce giant was only concerned that the Mukesh Ambani group company should not get the shops as they are a competitor of Amazon.
The prime minister also welcomed convergence of views between India and ASEAN for cooperation in the Indo-Pacific region.
Interestingly, the shares sold by Citigroup Global Mauritius in the open market through the block deal counter of the Bombay Stock Exchange have been bought by another private fund house Credit Suisse (Singapore) at the same price.
Sebi bars non-compliant FIIs from taking fresh positions.
