Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline
The sentencing of Saeed came just four days ahead of a meeting of global anti-terror watchdog Financial Action Task Force in Paris to review Pakistan's compliance of an action plan prescribed by it to contain terror groups in the country.
The company's market valuation stood at Rs 10,972 crore in morning trade.
Finance Minister Nirmala Sitharaman's Rs 30,600 crore government guarantee for the bad bank has changed the body language of bankers for the better, observes Tamal Bandyopadhyay.
Unlike any other national asset, which is typically sold to the highest bidder, the profile of the bidder is the most important criterion for a licence to bank, and even for acquiring more than 5 per cent stake, explains Tamal Bandyopadhyay.
Members of Parliament, state legislatures, and local governments not eligible to be members of PSB boards
The deal will give India's largest conglomerate indirect stakes in seven airports in India and abroad.
A lot of work is needed to be done on the part of the insurance sector behemoth, and the government, before it is ready for its market debut.
Reacting strongly to reports of Bharatiya Janata Party being spied upon by US National Security Agency, India on Wednesday summoned a top US diplomat in New Delhi to raise the issue, saying it was "totally unacceptable" that an Indian organisation or Indian individual's privacy was transgressed upon.
India handed over a dossier to Pakistan to take action against the JeM, as pressure mounted on Islamabad to take action against individual and organisation listed by the UN Security Council as terrorists.
Amazon has filed a legal challenge at the National Company Law Appellate Tribunal (NCLAT) against the Competition Commission of India's (CCI) suspension of the US e-commerce giant's 2019 deal with Future Retail (FRL). Amazon has challenged the CCI order on at least five grounds, and the matter is likely to be listed this week, according to the sources. Parallelly, Amazon's Indian unit has approached the Supreme Court against a halt on an arbitration case against Future Retail's (FRL) asset sale to Reliance Industries (RIL).
Bourses ask for okay in the 'permitted to trade' category; brokers and legal experts speak in favour.
Besides 15 loan transactions to the Siva group of companies, the former directors also used unique methods to ensure the group did not get into the default list.
Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
An undeterred Chief Executive Officer of NSO Group, Shalev Hulio, in an interview to Israeli Channel 12 on Saturday, strongly defended the company's operations, though he also conceded that some 'mistakes' may have happened over the years.
Retention of Murthy within the promoter group was crucial for Infosys as the company believed the promoters' relationship would help the company in difficult times.
"Justice must not only be done, but also be seen to be done," the Supreme Court observed on Wednesday while declining the Centre's plea to allow it to appoint an expert committee to probe the allegations of use of spyware Pegasus for surveillance of certain people in India.
Alibaba's pervasive economic and social influence in China is seen as a threat to the authority of the Chinese Communist party, notes Shyam Saran.
Measure each word you utter in public, advises Virendra Kapoor.
Last week, Sebi made amendments to key regulations that govern capital raising activities to ensure that wilful defaulters do not get access to capital markets
A large part of the work that CEO Sumit Gupta does is focused on educating users and the larger community about investing in cryptocurrencies, reports Neha Alawadhi.
The strict curbs, including a curfew from 8 pm till 7 am, and prohibitory orders during the daytime on weekdays came into force from Monday in the state.
Centre plans to acquire land and then give it on lease to miners.
Most of the individuals hail from Mumbai, Kolkata, Ahmedabad, Surat, and Delhi
The Reserve Bank on Wednesday said the amalgamation of Lakshmi Vilas Bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day. The RBI issued the statement within hours of the Cabinet clearing the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL).
A slew of Indian firms, including Flipkart, Byju's and Zomato, is building a path to profitability and diversifying into newer business segments ahead of mega-IPO plans.
Other measures being considered include relatively stringent KYC norms and a separate standard operating procedure for approval, renewal, and fresh investment from India's neighbouring countries.
For financial sector companies setting up shop in India, as of now the go-to regulators are obviously Sebi and the RBI with carve-outs for IRDAI or possibly PFRDA. But this could change soon with the International Financial Services Centres Authority, observes Subhomoy Bhattacharjee.
Sebi imposed trading restrictions on 33 entities.
NBFCs which have not met Sebi criteria will face tough action.
IndiGo has been facing a probe by Sebi ever since a public spat came to light between two founders of the airline, including over certain related party transactions involving one of the warring promoters.
"In our statement, we have said that we have told them that we want them to be cognisant of the fact that there should be no terrorism that emanates from their territory directed against us, or other countries; that we want them to be mindful of the status of women, minorities and so on so forth. And, and I think they have, also, you know, made reassuring... from their side," foreign secretary Harsh Vardhan Shringla said.
Tigmanshu Dhulia's earthy touches, perverse humour, and queasy depiction of the upscale and underbelly revels in pulpy and devious twists, notes Sukanya Verma.
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 tax computation compares the original cost, along with the stock value on January 31, and grants benefit of the higher of the two.
India's first home-grown mapping company MapMyIndia is looking to list in the public market by raising around Rs 1,200 crore at a Rs 6,000-crore valuation. Sources said the company is ready with its draft red herring prospectus documents and is likely to file as early as next week. While the money will be used for business expansion, it will also give MapMyIndia's early investors, including Qualcomm, PhonePe, and Japanese mapmaker Zenrin Co., a chance to exit. The Verma family, which founded the company, will continue to remain promoters.
As the feud continues between Zee and Invesco, appellate body NCLAT on Thursday directed the National Company Law Tribunal (NCLT) to give reasonable opportunity to the media major to reply to Invesco's plea for holding a meeting of shareholders, and also remarked that the tribunal made an "error" by not providing sufficient response time. With the order capping a day of fast legal developments at the NCLAT as well as the NCLT within a span of a little over an hour, the spat between Zee Entertainment Enterprises Ltd (ZEEL) and minority shareholder Invesco will now come up for hearing before the NCLT on Friday. Invesco is seeking the ouster of ZEEL MD and CEO Punit Goenka and appointment of six new directors on its board.
Siddhivinayak Temple has opened a demat account to accept donations in the form of 'shares and securities' from devotees.
Sebi found a typical pattern in trading of shares of these companies.
In the past 10 trading sessions, shares of the state-owned company have shot up more than 50 per cent.
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