The fees charged by investment banks to manage initial public offerings (IPOs) have increased to an average 3.23 per cent of the issue size this calendar year, the highest since 2020. The average fee is up 8 per cent compared to last year, when it stood at 2.99 per cent. The investment banking fees have increased as the average IPO size has shrunk this year.
According to the new proposals, resident promoters or a foreign promoter from a FATF jurisdiction can set up a market infrastructure institution.
Have the markets already played out their dynamics before the economy has even properly taken off? Are we now destined for a period of mediocre returns despite a strong economy? asks Akash Prakash.
Taking a leaf out of the Indian cricket board's book, the All India Football Federation is mulling hiring an experienced foreign doctor for its national team, which is currently undergoing a preparatory camp in Dubai for the January 7-29 Asian Cup in Doha.
While India's active case count is more than five lakh besides over 36,000 fatalities, Aditya Verma still insisted that creating a bio-bubble in a city like Mumbai will be far more easier than having three separate zones in three UAE cities.
While there has been a demand for foreign coaches in Indian hockey, Sardar admitted that communication is a problem as not every player is fluent in English.
'Australia vice-captain Travis Head on Thursday backed the idea of playing the entire Test series behind closed doors at Adelaide Oval, where an on-site hotel is under construction, to ensure it goes ahead amid restrictions forced by the COVID-19 pandemic.'
Deteriorating ties between India and Canada could have a bearing on flows into the domestic capital markets. At present, Canada is the seventh largest country for foreign portfolio investor (FPI) flows into India. According to the National Securities Depository Ltd (NSDL), the assets under custody (AUC) of FPIs domiciled in Canada stood at nearly Rs 1.8 trillion ($21 billion) at the end of August. Almost 85 per cent of these investments are in listed equity, while the remaining in debt and hybrid instruments.
Jefferies, IIFL, and JM Financial - none of which were in the top five last year - have now claimed the top spots in the league tables for equity capital markets (ECM) during the first nine months of calendar year 2023 (CY23), a period characterised by small- and mid-sized transactions. This shift marks a significant change, with these firms outperforming the bulge-bracket investment banks. According to data provided by Refinitiv, Jefferies leads the domestic ECM market, having handled share sales worth $2.3 billion, representing 12.4 per cent of the total volume of $18.4 billion for ECM transactions.
Pat Cummins wants to experience that awesome feeling of leading a great bunch of blokes
Sri Lanka coach Mickey Arthur believes that international cricket teams can learn from India on how to nurture young players and empower them with responsibilities at critical junctures. Be it in the bowling or batting department, cricketing powerhouse India has built a solid bench strength for all formats under Virat Kohli's leadership, which has left Arthur impressed.
Australia's pace spearhead Pat Cummins believes the IPL will be a great way to resume cricket after the coronavirus-forced hiatus and the high-octane tournament will also help in preparing for the T20 World Cup this year. Cummins was bought by Kolkata Knight Riders for a whopping Rs 15.5 crore, making him the most expensive foreign player in the IPL.
Experts said the risks associated with the Indian Experts say that aviation sector would keep investors away from airline stocks.
US-based Walmart and UK-based Tesco have sought clarifications from the Department of Industrial Policy and Promotion on whether they could set up warehouses in states which are against the Centre's retail FDI policy.
"We will raise Rs 300 crore via bonds of two-, three- and five-year tenures. This will be our maiden bond issuance and is part of our effort to widen funding sources," says Vimal Bhandari, executive vice-chairman and chief executive officer (CEO), Arka Fincap. The firm, a subsidiary of Kirloskar Oil, is only five years old and small (assets of around Rs 5,000 crore with an "AA" rating), but the response to this float will be closely watched: It would be the first by a non-banking finance company (NBFC) after Mint Road upped the risk weights on bank exposures to them by 25 percentage points. The move by the Reserve Bank of India (RBI) has caught NBFCs off guard even though the issue had been flagged by Governor Shaktikanta Das with their corner-room occupants (and that of banks) in July and August 2023 - on consumer credit and the dependency on bank borrowings.
'I am here in my apartment alone. And I don't know what is in store. The attack happened all of a sudden. So, couldn't have done anything.'
India's mutual fund (MF) industry had barely any retail footprint when it completed 50 years in 2013. MFs had Rs 7 trillion in assets under management (AUM) in March 2013, of which around Rs 5 trillion was in institution-focused debt funds. By comparison, bank deposits in the country stood at Rs 67.5 trillion around the same time.
The Indian government is keen to woo major semiconductor players, but a global race to attract them to countries where there is already an ecosystem is making it difficult for India to attract the biggies in the business. On Wednesday the government decided to throw open the doors to more players to participate in its semiconductor scheme. It is now looking at not only 28 nanometre (nm) chips and below, but higher nodes like 40 nm.
Pat Cummins' girlfriend wants to buy dog toys with his hefty IPL pay cheque
Earlier on Saturday, former India spinner Murali Kartik expressed anger over Manoj's fate at IPL Players Auction.
'If you are going to have only a handful of telecom players on whom the entire dream of Digital India rests, it's important they are financially sustainable.'
Pakistan PM forms high-level committee to decide on national team's participation in ODI World Cup
It might have been done out of excitement but a "kiss on the foot" act of a noted Malayalam football commentator, done to an Ukranian playing for Kerala Blasters in the Indian Super League during an interview.
Dhoni to leave for Ranchi on Thursday afternoon by chartered flight.
Manchester United, who spent 150 million pounds on new players in the summer, might need to spend another 100 million pounds before they can compete for the Premier League title, according to former defender Phil Neville.
'India's specific concerns about whether Russia will be a reliable defense supplier and diplomatic partner in the event of heightened hostilities with China has undoubtedly accelerated the process of US-India defense and intelligence cooperation intended to support Indian military positions along the Line of Actual Control.'
Ola Electric will roll out its complete offering of electric scooters and motorcycles in each segment of the market - premium, mass premium, and economical - in the next 12 months in a bid to push for a near-full conversion of the two-wheeler market to electric in three years. According to Bhavish Aggarwal, founder and CEO of Ola Electric, "ICE (internal combustion engine) products will fall off a cliff." He also says the company is aiming to become profitable next year.
Emirati Ahmed Khalil got a modicum of revenge on Guangzhou Evergrande captain Zheng Zhi when he pipped the Chinese to the Asian Football Confederation (AFC) Player of the Year award on Sunday.
The I-League 2023-24 will be organised with 13 participating clubs on a home-and-away double round-robin basis for a total of 156 matches in the season.
Olympic bronze medallist wrestler Yogeshwar Dutt believes Indian coaches live in the past and lack the hunger to learn new techniques, necessitating the involvement of foreign coaches for the benefit of grapplers.
The Board of Control for Cricket in India should not "wait forever" to start the women's Indian Premier League, said India women's ODI captain Mithali Raj, urging the BCCI to make it happen next year on a smaller scale before gradually developing it.
War ravaged Ukraine's national ice hockey team players have been training in tough conditions, with the practice being interrupted by air sirens.
Suresh Raina has pulled out of the Indian Premier League citing 'personal reasons', the franchise said on Saturday.
The eight IPL franchises will submit their 'Player Retention Lists' on Friday, January 10. A look at the players likely to be retained.
Any investment proposal in India has to be cleared by the Cabinet which leads to a vicious cycle of approvals and rejections, says
India have not won a World Cup since the 2011 title triumph by the Mahendra Singh Dhoni-led side in the 50-over global showpiece.
India captain Virat Kohli said confining players to 'bubbles' for months on end is not sustainable and the game has to consider scheduling changes to reduce the mental toll tours are taking during the COVID-19 pandemic.
Ex-coach Lehmann unhappy with Australia not playing tour games ahead of WTC final, Ashes
All players who want a visa to compete in the Australian Open will need to be fully vaccinated for COVID-19, the country's immigration minister said on Wednesday, putting Novak Djokovic's title defence and Grand Slam record bid in doubt.
Shastri reminisced the first day of the IPL.
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