ONGC Videsh Limited (OVL), the foreign arm of government-owned Oil and Natural Gas Corporation (ONGC), is likely to raise about $900 million through a bond issue abroad in January 2013.
The issue price of 390 pence per share represents a discount of 48.7 per cent to the closing price on November 21, the statement added. Temasek, Standard Chartered's largest shareholder, is intending to take up its rights and is also participating in the underwriting of the issue.
The price range and size are yet to be determined, according to the term sheet, which also did not specify the timeframe.
The offer will be valid on Galaxy Note 2, Galaxy S3, Galaxy Grand, Galaxy Tab2 as well as Galaxy Camera.
A shocking revelation that banking giants HSBC and Standard Chartered are suspected to have laundered money for drug cartels has prompted an in-depth inquiry by Indian investigation agencies.
Some major private sector banks, such as Deutsche Bank, Yes Bank, Kotak Mahindra Bank, Standard Chartered Bank, and financial institution Industrial Finance Corporation of India (IFCI) are in the race to buy the Rs 500-crore standard loan assets and investments of the Industrial Investment Bank of India (IIBI).
Volatility in domestic share market acting as catalyst.
Small queues were witnessed at some bank branches on Tuesday for the exchange of Rs 2,000 notes against smaller denominations as part of the withdrawal exercise. As per the RBI guidelines issued on Friday, the exchange of Rs 2,000 facility is available from Tuesday. A person can exchange up to a limit of Rs 20,000 at a time without filling any form or requisition slip.
Uganda's Jackson Kiprop won the 10th Standard Chartered Mumbai Marathon on Sunday, setting a new course record of 2 hours, 09 minutes, 54 seconds. Running his first marathon, the 26-year-old eclipsed the course record of 2:09:54 seconds, set by Girma Assefa of Ethiopia two years ago.
Two-time Olympic gold medallist Haile Gebrselassie has been named brand ambassador of the US $3,50,000 tenth Standard Chartered Mumbai Marathon, on January 20.
With the Athletics Federation of India cold shouldering the eighth Standard Chartered Mumbai Marathon to be held on January 16 next year, international athletics body AFI's representative would ratify the results, it was learnt.
It makes sense to go for a cash back card only if you are a big spender, otherwise the benefits are almost equal.
The scheme offers complete solutions that combine savings, borrowing and protection for the emerging affluent segment, which consists of individuals with an annual income between Rs 5,00,000-Rs 40,00,000, the company said.
India is likely to grow faster, on average, than China over the next two decades.
India, which has seen significant rise in foreign investment in recent years, needs regulatory changes to enhance investor confidence, a senior executive of a leading global bank said on Monday.
Gerard Lyons, chief economist and group head of research, Standard Chartered Bank, says that much will depend on monetary and fiscal policies undertaken.
African athletes are expected to continue their dominance with runners from Kenya and Ethiopia likely to battle it out for top honours from among 2475 participants at the 9th Standard Chartered Mumbai Marathon on Sunday.
Issuing debentures is one way by which companies raise loans.
Banks are increasingly offering a range of tailor-made financial products; however, there are some downsides.
A probe by the New York State's key banking regulator, the Department of Financial Services, has found deficient money laundering controls in outsourcing of work by StanChart to India, thus exposing the US financial system to terror financing and other risks.
Emerging giants India and China are leading the global economy on a '32-62-72' growth path, Standard Chartered Bank's Chief Economist has said -- using the numeric phrase for evolving economic size of the world.
Binning Lyngkhoi was the best Indian finisher among men while Lalita Babar successfully defended her title in the women's section in the 10th Standard Chartered Mumbai Marathon in Mumbai.
Photos of the Mumbai Marathon.
Fauja Singh, the world's oldest runner at 101 years of age, is participating in the 10th Standard Chartered Mumbai Marathon on Sunday in what could be his first and last appearance in the city. Singh, who lives in London, will run the 4.3 km event for senior citizens.
Lowering the course record is not on defending men's champion Laban Moiben mind as he goes into the 10th Standard Chartered Mumbai Marathon on Sunday. He is focusing on only retaining the crown in the US $350,000 event.
Defending men's champion Laban Moiben of Kenya, last year's runner-up Raji Assefa of Ethiopia and third-placed John Kyui of Kenya have all confirmed to run in the US $3,50,000 10th Standard Chartered Mumbai Marathon, on January 20.
Global private equity majors - Standard Chartered Private Equity and London-headquartered 3i - are understood to have shown keen interest to invest in the litigation-prone Rs 4,000 crore (Rs 40 billion) Bangalore-Mysore expressway being developed by Nandi Infrastructure Corridor Enterprise Limited (NICE).
Economies the world over are facing different sets of challenges.
Olympic gold medallist Kelly Holmes would visit India for the January 21 Mumbai Marathon.
The payment is on top of the $340 million it has already paid to the New York State Department of Financial Services.
Patanjali, the lone player left in contention after the exit of Adani Wilmar, had last month increased its bid value by around Rs 200 crore to Rs 4,350 crore for Ruchi Soya.
Mergers and amalgamations will grow and deal sizes increase as the Indian economy expands, Venkat Anantharaman, managing director responsible for mergers and amalgamations, leveraged finance and equity corporate finance at Standard Chartered Bank in Mumbai, tells Sumit Sharma in an interview.
India has been the fastest-growing market in Asia for the affluent segment between 2006 and 2010.
The airline is also expecting to close the bridge loan of $195 million from the domestic arm of the British lender shortly.
Market regulator Sebi has barred 197 foreign funds, including those managed by global financial conglomerates like HSBC, Deutsche Bank and Standard Chartered, and 342 sub-accounts from further trading in stock market.
Despite the rash of reform steps announced over the weekend, Standard Chartered India on Monday sharply lowered its GDP growth forecast to 5.4 per cent for FY'13 from 6.2 per cent earlier, citing slowing consumer demand, an anaemic industry and a weak services sector.
African domination continued at the Standard Chartered Mumbai Marathon as Kenya's Laban Moiben and Ethiopian Netsanet Abeyo bagged the top honours in men's and women's categories in the ninth edition in Mumbai.
Completing a marathon below two hours and 10 minutes is considered an arduous task, but Kenyan athlete William Kipsang is determined to do just that at the ninth Standard Chartered Mumbai Marathon on Sunday.
Last week, Essar had decided to prepay $900 million of this debt to foreign lenders.
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