The senior Congress leader also said over 90 per cent of jobs are in the SME sector which requires an urgent push to boost the economy.
At present, seven companies are planning to raise Rs 2,965 crore (Rs 29.65 billion) and have Sebi's approval. Another 12 firms, intending to mop-up Rs 5,362 crore (Rs 53.62 billion), have filed draft documents with the capital market watchdog and are awaiting approval, Prime Database managing director Pranav Haldea said.
The latest roadmap for exempts banking, insurance and non-banking finance companies
The company aims to bring in a million on-board sellers in the next three years.
On the occasion of the National Stock Exchange's (NSE's) silver jubilee celebration, its MD and CEO Vikram Limaye, bottom, left, spoke to Somesh Jha to discuss the way forward and how the exchange plans to deal with the present set of issues.
'The worst is over, but it may take a couple more years for the banking system to re-establish the growth process.' 'Banks are the major pillars in an economy's revival.' 'Without banking operations and lending, revival will not happen.'
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny link to govt.
Pitching for a slew of reforms in the Indian capital markets, leading bourse BSE has suggested the government bring in a new transaction taxation structure and besides seeking tax pass through status for Infrastructure Investment Trusts (InvITs).
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
U K Sinha's six-year tenure as chairman of Securities and Exchange Board of India ends later this week. Sinha held his last press conference in Mumbai on Monday, where he spoke on wide-ranging issues and his biggest regret.
The consolidated entity can target good growth FY18 onwards, analysts say.
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.
The non-watchlist stress emanated from over five year-old loans in the iron and steel, infrastructure and construction sectors.
In less than two months since the announcement in March, the state has mobilised an armada of small and medium enterprises keen on making components for large equipment manufacturers.
State Bank of India (SBI) chairman Rajnish Kumar, in conversation with Abhijit Lele, also says that the overhang of corporate debt stress will begin to recede in the next two-three quarters.
Anshuman Jain became the co-head of Deutsche Bank in 2012 along with Juergen Fitschen.
GenNext Innovation Hub is also pursuing a new global partnership program to collaborate with organizations in US, Europe and Asia.
Govt has done away with the need to secure crucial permits.
The flawed response to the crisis has fed a us-vs-them mentality in which the banker, the expert, the coastal entrepreneur, the immigrant, the foreigner are all villains. The crisis was not that much of a problem; the response -- the over-reaction, the sovereign debt build-up and the lasting anger -- is the problem, says Mihir S Sharma.
Here are 15 things that would have made 2015 a great year.
There is no immediate plan, either in terms of employees or branches, said Uday Kotak on the merger deal.
Venture capitalists Adam Wolfensohn and Ameya Bijoor tell Anjuli Bhargava about the kind of investments and companies they are looking to invest in.
For many years now, India has given the Commonwealth short shrift so its support for the Commonwealth trade initiative signals a renewed interest in the body.
Experts said equity raising was also hampered due to flight of capital from foreign investors. FIIs have sold more $500 million (Rs 3,200 crore) in October.
This would be a 10-fold jump from $10-12 bn raised a year from Indian markets over past 2-3 years
Providers write to Sebi, FinMin; launches may hit pause.
Soon after Prime Minister Modi's assertion, the G20 countries also came down heavily on terrorism.
From FY18, Ind-AS will be mandatory for all listed entities, barring those listed on the SME platform.
The government is considering to tweak FDI policy in retail sector so as to allow global chains like Walmart, Carrefour and Tesco to open multi-brand stores in non-hilly cities with population less than one million.
We should brace ourselves for more bad news in the coming quarters -- on economic output and growth, strains on the fiscal deficit, export slowdown, small and micro enterprises in distress, and further accumulation of NPAs in the banking sector, says Rahul Khullar.
US start-ups crash and burn frequently, so why the concern about start-up losses in India? The principal reason, says Kanika Datta, is that Indian start-ups clone ideas from the US. Flipkart, Ola, Oyo, Paytm are all variations of ideas developed in the US.
India's indigenous paper manufacturers are forced to use a variety of raw materials.
The earlier government was blamed for non-performance, the current one will be rightfully blamed for mismanagement
Broking firm Jefferies says Indian financial system is now flooded with the kind of liquidity witnessed in 2005-07 and 2009-10
Expect corporate houses to raise funds via IPO in second half of this year.
Also says PSU banks divestment to be considered after improvement in governance
While riskier than debt, Sebi's stringent guidelines may ensure a safe and liquid product.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
They believe that the key reason behind such a high growth rate could be "a steep downward revision" of the year-ago base period.
'Modi and BJP have fooled us enough by creating a Hindu-Muslim divide. Our anger is about jobs and farmers getting a good price, but Shah needs to be taught a lesson for betraying us.'
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