Companies going for overseas listing can now breathe easy, as the government has amended the ADR/GDR norms to allow them such issues for companies going for simultaneous listing of their shares or follow-on offers in international capital market.
Infosys directors - N R Narayana Murthy, Nandan Nilekani, T V Mohandas Pai (head of HR) and five others - have collectively offered 1.3 crores
The government on Friday hiked foreign investment ceiling in private banks from 49 to 74 per cent and allowed foreign banks to set up subsidiaries in the country.
State-run gas firm Gas Authority (India) Ltd may list on the New York Stock Exchange or the Nasdaq by converting its global depository receipts into American depository receipts.
A day after gory details of Sheena Bora murder case were revealed by police in court, her biological father on Tuesday came out in the open for the first time while skeletal remains purportedly of the 24-year-old unearthed in Raigad were sent to Forensic Science Laboratory in Mumbai.
The markets opened on a positive note at 6,689 and climbed steadily by 30 points thereafter as sentiments were boosted after the Indian ADRs witnessed a strong rally on the US indices.
The FIPB on Friday cleared the long-pending proposal of HDFC Bank to hike foreign holding in the bank to 74 per cent.
The body of the 'people's President' was brought down to Rameswaram from New Delhi in the afternoon.
Investors also appreciate the role being played by the founders; analysts, too, remain unperturbed.
Indian Divestment Minister Arun Shourie said on Friday that he expected to partly complete the asset sale in National Aluminium Co, the nation's second largest aluminium maker, by November.\n\n\n\n
He dropped those perceived to be non-performers or whose integrity came into question, and also where it was felt they needed to learn a lesson or two in humility.
The government on Friday said that the realisation rate of foreign direct investment inflows into India has been the highest in 2002 since 1991 at 191.08 per cent in rupee terms.\n\n\n\n
83 MLAs from the BJP, 11 from the SP, four from the BSP, one from the Congress and three Independents have declared serious criminal cases against themselves in their affidavits.
On the education details of the candidates, the survey said 669 have declared their education qualification to be between 5th pass and 12th pass, while 380 have declared having an educational qualification of graduate or above, 29 have declared themselves to be simple literates and 7 have declared to be illiterate.
The Association of Democratic Reforms, voluntary organisation whose efforts made Central Information Commission bring six national parties under the umbrella of the RTI Act, had shot RTI applications to 45 recognised political parties of which only four have responded so far, a statement from ADR said.
Govt effort to curb black money in polls futile if identity of donors not known, says SC.
When it comes to crorepati leaders winning the elections, Delhi seems to have taken the cake among the four states with at least 52 such members of Legislative Party in the 70-member strong assembly.
I-T returns data show 83% of the Congress' and 65% of the BJP's total income was from anonymous benefactors.
With GDP down by 2 per cent, while 99 per cent of banned notes make way back to the banking system, whom did demonetisation benefit?
The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi, who is on a three-day visit to China
Lead players in the poll-bound state are understood to be re-working their strategies on how to manage the campaign with less money with Rs 500 and Rs 1,000 notes becoming illegal tender in one stroke.
Sensex in green, midcaps, smallcaps fail to show up; bluechips rule.
'Dalvi, you are saying you asked a question, but don't remember the answer?' asks Pasbola incredulously. 'Yes.' 'You are lying.'
Board has also accepted the resignations of Marans.
73 constituencies will vote on Saturday.
A total of 553 crorepatis are in the fray in the Tamil Nadu elections to be held this month, while 283 have declared criminal cases against themselves, a report said on Tuesday.
On the eve of the sixth and penultimate phase of the marathon Uttar Pradesh elections, Rediff.com's Aslam Hunani reports on what's at stake.
"When it comes to economic matters, state governments have a far bigger role to play. Whether it is acquiring land for a major project or issuing a licence to a private university, the role of the state government has become very important. MLAs are bound to be natural beneficiaries of this heightened economic activity."
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