"It is a reflection of world community in the future of India... Investors seem to be confident in the future of Indian economy," Chidambaram told PTI on IPO that hit the market this morning for mopping upto Rs 11,700 crore (Rs 117 billion). Not only the IPO was fully subscribed within a minute of opening, it generated demand worth over Rs 50,000 crore (Rs 500 billion) in less than two hours.
It is important to approach the belief of people in ancient India's achievements with a sense of proportion, balance and empathy, argues B S Raghavan, the distinguished civil servant.
UB Group Chairman Vijay Mallya's grip on United Breweries slipped further on Thursday, after lenders to UB Group companies offloaded a part of the stake in Kingfisher beer that was pledged to them.
The Reserve Bank of India on Monday said the procedural reforms aimed at widening the tax base, improving efficiency in tax collection and providing certain concessions for investment, which have seen a steep rise in the tax mop-up, are expected to continue during the current financial year.
Though initially the ARD had set the target at 44,000, it scaled down the mark by almost half on Monday claiming there was no fowl in the privately-run poultries in the wake of culling operation in January when the district was first plagued by bird flu along with some other areas of West Bengal. The mopping operation began on Monday to locate if there was any bird left in the affected areas in Englishbazar, Old Malda town and adjoining Sahapur, and will conclude Tuesday.
However, after a raid at the place on Sunday night, police said 24 girls were rescued.
Coffee Day Enterprises has already raised over Rs 334 crore from anchor investors.
The rupee ended at 59.18 compared with previous close of 59.33 to the dollar.
Deepti stars with 188 as India thrash Ireland by 249 runs The knock is best by an Indian as she bettered the unbeaten 138 by Jaya Sharma against Pakistan in 2005.
Direct tax collection saw a 40% growth till Feb 15 this fiscal. The collection is likely to reach Rs 3 trillion mark by the end of this fiscal.
Reliance Power is expected to mop up $3.5 billion (Rs 14,000 crore) from the market, which will be the biggest public float in recent times after public issues by DLF and ICICI.
As they feel that the rupee may depreciate to 43.75 levels over the next six months.
Realty major Emaar MGF on Monday said it will enter the capital market to mop up anywhere between $1.58 to 1.79 billion through issue of 10.25 crore (102.5 million) equity shares in the price band between Rs 610-690.
The company will raise Rs 844 crore through a rights offer for equity shareholders, while it will mop up Rs 900-1,080 crore through a similar offer for unsecured convertible debenture-holders.
The problem is so severe that multiple agencies have issued several precautionary measures.
In November and December, FIIs pulled out $5 billion from the market, yet the Sensex settled back above the 20,000-mark.
The Trinidad and Tobago Cricket Board has launched an investigation after only 22 overs could be played over five days in the fourth and final Test between West Indies and India at the Queen's Park Oval due to a soggy outfield.
Large inflows of foreign capital have contributed to a significant increase in money supply, raising expectations of more frequent monetary tightening by the Reserve Bank of India to rein in inflation.
India's successful mega share offerings are creating waves globally.
Corporate India has raised over 8 billion dollars through syndicated loans by way of 33 deals in the first half of this year led by Reliance Industries, which alone mopped up a whopping 2.7 billion dollars.
Though interest rates have peaked, a hike in cash reserve ratio by the Reserve Bank of India cannot be ruled out in the first quarterly review of monetary policy later this month, a top official of a foreign bank said on Monday.
Getting part-time employment while pursuing their academic responsibilities is a growing trend among India's youth.
With growing viewers TAM Media Research's top 100 TVRs (during June 3 to June 9), both Zee's and Star's show share the 14th position with a rating of 6.4 each, while Sony's show ranks 33 with a rating of 5.3, on June 8.
According to Thomson Financial, India's IPO volumes totalled $7 billion from 74 issues so far this year, surpassing the previous year's (the whole year) IPO volumes. India now ranks the ninth largest IPO market in the world, capturing 3 per cent of the global market share, up from a mere 1.3 per cent share in the year-ago period.
Four public sector power companies plan to mop up Rs 6,500 crore (Rs 65 billion) through initial public offers in the next three months.
The government had last sold 5 per cent stake in ONGC in 2012 for Rs 14,000 crore (Rs 140 billion).
The company did not disclose the valuations at which funds were raised.
Army has foiled a major infiltration bid along the Line of Control in Keran sector of Kashmir and a group of 30 ultras is believed to be trapped in the security forces cordon in the area.
Andhadhun is a stunning, comic, grisly, absurd, intense, cold, crazy and must-watch, raves Sukanya Verma.
The Centre is planning to raise the ceiling on foreign equity holding in public sector banks to enable them to mop up the required capital for meeting higher capital requirements and to fund growth.
China is promoting its information technology outsourcing sector as a rival to the market leader, India. The figures, however, paint a different story.
The government will raise Rs 96,000 crore (Rs 960 billion) from the market in April-September 2008 by issuing securities to part-finance its expenditure in 2008-09, the Reserve Bank of India said on Monday. Of this, the government plans to mop up Rs 20,000 crore (Rs 200 billion) in April, RBI said. The centre will sell securities worth Rs 6,000 crore (Rs 60 billion) of 5-9-year gilts and Rs 4,000 crore (Rs 40 billion) of 20-year and above gilts between April 4 and 11.
The Left proposed introduction of inheritance tax and restoration of long term capital gains tax to mop up additional resources for funding mega social sector schemes
The competition among mobile service providers in lucrative Mumbai market may hot up with the Aditya Birla Group's Idea getting the licence for the circle, where it could launch the new service by mid-2007.
The initial public offer of Aditya Birla group flagship company Idea Cellular was oversubscribed more than 57 times in the process generating the highest ever demand of Rs 1,21,557 crore
More than a week after the state-owned oil firms ended a 19-day pre-Karnataka poll hiatus on revising fuel prices, petrol and diesel rates have touched record highs.
The fast bowler captured six wickets in his first Test for almost 11 months as England collapsed to 157 all out on the third day of the first Ashes Test.
Infosys Technologies' third sponsored ADS offering has been oversubscribed 3.4 times on a global scale. Infosys has priced the offer at $53.50 taking the total value of the offer to $1.6 billion.
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