The new bond was changing hands at 7.72 per cent.
'He was the best court craftsman that I have ever seen who could modulate his arguments in accordance with the judge and the mood.'
'The Opposition parties will continue to woo Chandrababu Naidu even though he has said he will support the BJP.'
The lack of clarity on who is next in line, when the time comes, as indeed it will one day some day, reflects poorly on the management of the world's largest political party. It scarcely need be said that a squabble between the contenders, Shah and Yogi, is exactly what the doctor ordered for the Opposition, notes Krishna Prasad.
At face value of Rs 2,893 and interest payout of 2.5 per cent, sovereign gold bonds offer best route to invest in yellow metal, says Tinesh Bhasin
The rise in government borrowings through bonds is impeding the growth of the corporate debt market in the country.
The former Congress president alleged that PM Modi had a "monopoly over corruption".
The BJP state unit hailed Vasan and said his advice will be used in the coming days to guide the alliance.
The flip-flop by the government has led senior British Indian MP Keith Vaz to revive his demand that the government end all confusion over the issue.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
At present, zero coupon bonds which are issued at a discount to the face value and where interest is in-built, are allowed to be issued only by infrastructure companies or public sector organisations.
Maharashtra Chief Minister Eknath Shinde and his deputy Devendra Fadnavis on Thursday travelled in a helicopter together for an event in Palghar as they reaffirmed their commitment to take forward their alliance and spoke about their strong bond after a controversial advertisement.
Finance Minister P Chidambaram on Thursday indicated that the government would not issue oil bonds worth over Rs 10,000-12,000 crore (Rs 100 to 120 billion) to petroleum companies before November, as the move required Parliamentary approval.
Govt proposes to introduce redeemable gold bonds.
'This was earlier driven by industries and the commercial sector.'
Software major Wipro's chairman Rishad Premji on Thursday said social media platforms have integrated the world like never before and should be allowed to practice "responsive self-governance" to tackle the menace of hate and misinformation. Premji said technological developments on the digital and social media represent an incredibly powerful opportunity for betterment and the issues arising through its misuse need to be addressed immediately. "Technology, particularly digital and social media, have integrated the world as never before. "They've fostered human connections and solidarity across distances and barriers.
It was a roller-coaster week for the markets, amid talk of a fiscal stimulus by the government. Saurabh Mukherjea, chief executive officer, and Prashant Mittal, strategist, at Ambit Capital tell Puneet Wadhwa the recent flows into equity mutual funds are largely speculative in nature and pose a risk of reversal.
After meeting party leaders in the area, Majumdar went straight to Sandeshkhali police station and later started a sit-in outside it.
Mumbai attacks mastermind Zakiur Rehman Lakhvi, whose detention under a public security order was suspended by a Pakistani court, submitted his Rs 1 million (Around Rs 6.2 lakh) surety bond on Monday and is likely to be released anytime now.
The central bank will auction Rs 220,00 crore (Rs 220 billion) of government cash management bills every Monday, it said in a statement, without specifying for how many weeks the sales would last.
Foreign Portfolio Investors (FPIs) have pulled out over Rs 10,000 crore from Indian equities in the first three weeks of September, primarily due to rising US interest rates, recessionary fears, and overvalued domestic stocks. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period. Mayank Mehra, smallcase, manager and principal partner at Craving Alpha,believes that strong economic growth prospects, attractive valuations, and government reforms could support foreign investment flows in the next month.
'The BJP has started a war-like situation against farmers and the Jat community.'
The PM, who is the 'acharya' or chancellor of the central university, inaugurated Bangladesh Bhavan with Hasina on this occasion.
He said the bearer bonds can be purchased by corporate donors and donated to political parties without revealing their identity.
'It's important that every portfolio is well diversified.' 'My own portfolio is diversified across asset classes: 50% is in equity funds, 15% in international schemes, 25% in debt funds and 10% in sovereign gold bonds.'
The undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator Sebi's account have come back into focus after the demise of Sahara Group's chief Subrata Roy. Roy passed away in Mumbai on Tuesday night at the age of 75 after battling a prolonged illness. He faced multiple regulatory and legal battles in connection with his group firms that were accused of circumventing regulations with ponzi schemes, allegations his group always denied.
Movement in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said. Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement.
In his letter to Sitharaman, Venugopal said media reports have exposed the alleged "quid-pro-quo between BJP and several firms, which in a strange coincidence donated to it, after the Enforcement Directorate (ED), Income Tax Department (IT) and Central Bureau of Investigation (CBI) and others, raided or searched those enterprises".
The controversial 3,000-pound "security bond" for some "high-risk" foreign visitors to the UK, including those from India, is to be scrapped, the Home Office has confirmed.
Celebrate the weekend with Shah Rukh Khan and more on OTT.
The proposal to merge the Gujarat International Finance Tec-City (GIFT City) units of the National Stock Exchange (NSE) and BSE has reached an advanced stage, and both bourses could file an application before the National Company Law Tribunal as early as this month, according to a top regulatory official. Sources indicate that the merger proposal has received approval from their respective boards. Both the NSE and BSE are arch rivals when it comes to onshore trading.
A bench of Justices BR Gavai and Sandeep Mehta, which had allowed anticipatory bail to Surat resident Tusharbhai Rajnikantbhai Shah in a cheating case, got irked when it was informed that the businessman was remanded in police custody.
Deriving from Narendra Modi's continuing charisma, the proposed scheme, if and when implemented, can cut both ways. That is to say, if Modi can win, he can lose. Or, someone else in his place, later on, could lose as much as he could win in his time, points out N Sathiya Moorthy.
Prime Minister Narendra Modi reached out to the attendees of the Kashi Tamil Sangamam in Varanasi with his speech being translated for the audience in real-time using artificial intelligence.
While RBI may cut rates by 25 basis points in the February policy review, global monetary policies hold the key to much of the financial assets flow in 2017
The RBI's comments, announced after trading hours on Wednesday, comes as yields had risen by 60 basis points after a surprise hike in the repo rate on Friday and on worries about the fiscal second borrowing programme of the government.
