Some lenders in talks with LIC for pvt placement
While foreign currency rating was retained at Baa2 -- the second-lowest investment grade score -- Moody's also projected a fiscal deficit of 3.7 per cent of gross domestic product in the year through March 2020, a breach of the government's target of 3.3 per cent.
To outgoing Vodafone CEO Vittorio Colao, negotiating big deals was an art form, as an international report pointed out after the $130-billion sale of Vodafone's 45 per cent stake in Verizon Wireless, says Nivedita Mookerji.
The Rupee is expected to weaken further against the dollar.
The Supreme Court on Monday gave conglomerate Sahara another three months to come up with a final proposal to raise funds against its assets to secure bail for its founder Subrata Roy, who has been held in a New Delhi jail for more than a year. Sahara has made several failed attempts to raise $1.6 billion in bail money. Roy was jailed after Sahara failed to comply with a court order to refund billions of dollars to investors in a bond programme that was ruled illegal. The Supreme Court last week gave Sahara, a sprawling conglomerate that ranges from property to Formula One motor racing, a final chance to raise funds in order to bail out Roy. On Monday, the country's top court allowed Sahara to sell part of its Aamby Valley township outside Mumbai, which has luxury villas and a golf course, to raise funds.
'Obviously, there is always an argument that a weaker rupee could push up, to some, extent exports.' 'The fact that the rupee has appreciated against the Chinese currency is pushing a lot of Chinese imports into the Indian market.'
Reliance is in the market with a benchmark issue to sell 30-year US dollar-denominated Reg S fixed rate senior unsecured notes.
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Ahmedabad-based firm to fund deal through equal amount of equity and debt.
Corporate leaders said a stable government at the Centre will help boost infrastructure spend, address agricultural distress, and encouraging employment.
The agenda for the year 2020 is well laid out -- launch of UDAY 2.0, installation of smart pre-paid metres, prompt payment by discoms, making coal available for short term and reviving gas based plants. But, it has to ensure effective implementation of various policy tweaks done so far.
'Salman Khan family is the head of this venomous serpent.'
On the day RBI announced a slew of measures to suck liquidity from the system to stem rupee volatility, a senior SBI official had told PTI that the bank was carrying an actual lendable surplus of Rs 20,000 crore (Rs 200 billion).
Yes Bank CEO's daughter Radha Kapoor -- the woman who brought New York's iconic Parsons School of Design to India -- now brings French luxury label Longchamp to Indian shores.
Our break-even level has come down and we expect the cost structure to improve further, says the Suzlon chief.
'The attacks made clear to all the Gulf States that Pakistan was the nursery and sanctuary of extremist violence and that this violence threatened all the countries in the region.'
The IL&FS management is also talking to its second-largest shareholder, Orix Corporation of Japan, to infuse more funds into the company - in case any shareholder backs out during the rights issue.
If customers did not see value in what we provide them at the price point at which we provide these, they would not have been there with us in such a competitive market, says HDFC deputy managing director Paresh Sukthankar.
Accounting for the first Advance Estimates for 2017-18, an additional planned borrowing of Rs 200 billion, the fiscal deficit could come in at 3.35 per cent of GDP.
The rupee depreciated by 17 paise to end at nearly one-month low of 61.72 against the greenback on Friday on sustained dollar demand even as domestic equities surged to new highs.
A one-time income of Rs 305 crore (Rs 3.05 billion) from the sale of its loyalty programme to equity partner Etihad helped Jet Airways slash losses to the tune of 95.7 per cent at Rs 43 crore (Rs 430 million) in the three months to September.
A key demand is to reduce the dividend distribution tax on listed firms.
RBI's steps will prevent rupee from slipping, even if OMCs meet entire $ demand from market
Mind/life coach, NLP trainer and Mental Health Guru Anu Krishna encourages you to talk about your problems and offers solutions.
Trading such scenarios takes discipline.
Due to lower output from mines, utilities and factories, the July factory output data came down to 0.5 per cent year-on-year, the government data showed on Friday, down from June's revised 3.9 per cent rise.
The market breadth ended weak on the BSE with 2,086 shares declining and 893 shares advancing.
The company's revenue rose 16 per cent at Rs 17,535 crore.
"A Maputo morning, an African dawn! PM @narendramodi arrives in Mozambique for the first leg of his visit," Ministry of External Affairs spokesperson Vikas Swarup tweeted on Modi's arrival in Mozambique's capital Maputo.
Roy was jailed in March after he failed to appear at a contempt hearing in the long-running dispute with the capital markets watchdog.
he also talked about India's tradition of respecting the nature through festivals like 'Chhat' and referred to the ongoing cleanliness campaign.
As liquid tightening measures were likely to be temporary, any change in lending rates would depend on the length of these measures, according to bankers.
Tracking a recovery in local shares, the Indian rupee on Friday snapped a two-day declining trend and bounced back by 39 paise to end at 61.44 against the Greenback on fresh dollar selling by exporters and some banks.
The policy statement by the RBI governor is also expected to be upbeat.
A one rupee per litre cut in taxes would result in revenues being hit by Rs 30,000 crore on an annualised basis.
Institutions will wait till there is more clarity on Budget.
In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.
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Former IPL chief shooed off potential buyers at the behest of Sushanto Roy, says broker
Uncorking the business of vintage wines and spirits.
