Draft prospectus to be filed next week; second trust, with Panchshil, in a few months
Institutional investors - both foreign and domestic - lapped up the government's big-ticket share sales on Friday, helping it add nearly Rs 9,000 crore to its revenue kitty.
Prominent Indian-American attorney Preet Bharara has no plans to quit as the chief federal prosecutor in Manhattan anytime soon as he has the "greatest job in the world" but said he will "walk the earth and get into adventures" whenever he retires.
The FT report said the existence, size and investments of the highly profitable internal trading fund, which was set up three decades ago, have until now remained largely unknown outside a circle of former and current insiders.
The deal for 800,000-square foot plot in Gurgaon's Infospace Tikri SEZ is likely to improve real estate absorption rate, which has seen some upside recently.
The long-term growth perspective or potential for India is one of the highest in the Asia Pacific region.
Republican presidential frontrunner Donald Trump on Friday came under scathing attack from rivals Ted Cruz and Marco Rubio who blasted the real estate mogul on his immigration stand and for hiring foreigners in his business projects, as the debate turned shriller ahead of the crucial "Super Tuesday".
These are the television shows that will crackle and pop a lot longer than anything you'll get your paws on.
Markets will continue to remain volatile till the Chinese economy shows some signs of stability
Major institutes see rise in summer placements; consulting, BFSI, e-commerce firms are top recruiters, says Vinay Umarji.
'They say 'a picture paints a thousand words', so seeing Rishi Sunak PM at the door of Number 10 can never be taken from us.'' 'It is a symbol that will go down in the history books.' 'It is the very embodiment of me saying to my boys, "You can be who you want to be",' notes James Salins in this must-read feature.
RIL's standalone net profit rose one per cent quarter-on-quarter
His father is a former finance minister. His brother is a minister in the Modi government. But Sumant Sinha wants nothing to do with politics and tells Shreya Jai why he is bullish on the renewable energy sector.
Surajeet Das Gupta explains why Mukesh Ambani's target is by no means impossible.
Rajan said that while there were talks about Jan Dhan, it was difficult to target transfers to people through this tool. Jan Dhan, he said, does not really work as advertised.
The National Stock Exchange's proposed IPO to raise Rs 10,000 crore this year is expected to see the largest ever PE exit, of around Rs 5,000 crore.
Demonetisation impact, earnings growth, central bank policies will get attention.
Uber is battling serious backlash from the establishment in several countries.
'Employees may well be expected to be on call at almost all times -- much like the standard Indian approach to the workday,' points out Mihir S Sharma.
Over 10 Indian start-ups with total valuations of $84 billion (some are planning fresh fund-raising) are bracing to launch initial public offerings (IPOs) in the next 36 months. While the size of their IPOs is under discussion, estimates are that they would together raise a minimum of over $8-10 billion during the initial listing.
Banerjee, 58, was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology.
Amitabh Chaudhry, who will now head the merged entity, will manage assets under management of about Rs 1.10 lakh crore and an employee base of 23,620 after the completion of the deal
For investment bankers, a Brexit vote is more than just about volatile prices on a screen but also about where they may end up working and living.
'If the epidemic is sharply contained in a month or two, we have a huge buying opportunity. 'If not, we are staring at a serious economic crisis, the contours of which we are totally unaware of,' warns Debashis Basu.
The sentiment around Indian equities remains positive and unchanged.
Promoters and top executives intending to buy or sell shares of their companies might soon have to inform the market well in advance for such transactions.
Vodafone Idea Ltd (VIL) CEO Ravinder Takkar did some plain speaking. In an analyst call after its quarterly results recently, Takkar said that the main stumbling block to raising fresh capital from investors is "pricing" - telecom tariffs, in other words. Nine months ago, the telecom company's board had cleared a proposal for raising Rs 25,000 crore from investors, after the promoters made it clear that they were not ready to pump in more money. But potential investors are concerned that without clarity on tariff hikes (there have been none for more than 18 months) they might just lose their money. The lack of visibility on raising tariffs has also impelled VIL to request the Department of Telecom (DoT) for a fresh reprieve by extending the two-year moratorium on paying its spectrum instalment of Rs 8,200 crore for another year till FY23.
About two dozen discoveries of the state-owned ONGC, Reliance Industries and the Gujarat State Petroleum Corp (GSPC) in KG Basin alone are languishing for want of right price.
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
The BJP still does not have a majority in Upper House of Parliament, the Rajya Sabha, and this will pose hurdles to the party's legislative reform agenda
From a small team of five weavers, Karagiri now works with 1,800 weavers from across India. Pallavi Mohadikar, co-founder of Karagiri, shares her incredible success journey.
Vodafone and Bharti have pointed out that, for data, their revenue realisation should be at Rs 30-35 per GB for them to cover their costs as opposed to the current figure of over Rs 11 per GB. But Jio has suggested a gradual increase to Rs 15 per GB and then maybe to Rs 20 per GB after six to nine months.
'If global growth continues to be sluggish, India instead could potentially take a bigger piece of a shrinking pie,' says Prachi Mishra, managing director, Global Macro Research, and India chief economist, Goldman Sachs.
'If the virulence of COVID-19 has muted the toxicity of the BJP's communalism, it will be an example of good coming out of the pandemic,' notes Amulya Ganguli.
Piramals are the largest investors in the Indian real estate sector after HDFC, with investments worth $3 billion already.
Experts believe that one should not allocate more than 5-10 per cent of one's equity portfolio to international funds.
PE funds have invested Rs 13,000 cr into the property market in Bengaluru.
'There shall be no change in India-Japan ties,' predicts Rajaram Panda.
'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.
News of all that transpired on and off the football field
