Initial share sales are set to dazzle the Dalal Street in 2022 too as companies are expected to garner up to Rs 1.5 lakh crore in the New Year, continuing with the bullish momentum after 2021 turned out to be the best IPO year in two decades for the Indian market. Excessive liquidity and increased retail investor participation ensured a persistent euphoria in the Initial Public Offer (IPO) space wherein companies mopped up more than Rs 1.2 lakh crore this year even as pandemic gloom shadowed the broader economy. In 2022, the higher amount of funds through the primary market will be largely driven by the mega IPO of state-owned Life Insurance Corp (LIC).
Discussing the prospect of more reform earlier this month, telecom minister Ashwini Vaishnaw announced a delay in the 5G spectrum auction. India's telecom sector regulation has to be benchmarked with the global best, he said. It's another matter that many countries have either introduced or are about to roll out 5G services that will enable cutting-edge tech in diverse areas. For India, too, it will mean a lot for healthcare, robotics and unleashing a new chapter in Digital India perhaps.
Looking into the current situation on the China boarder, IOC has stocked up enough winter-grade fuel for the region. With army movements increasing, the demand for this fuel is expected to increase multifold from the 350 metric tonnes last winter.
The potential growth in infrastructure and urbanisation suggests that the demand for steel will outpace supply
Demand on capital gains on Idea share sale by Mauritius subsidiary; Fema and telecom regulation violations also alleged
Company expects to be back to industry leading growth in FY17.
We have been attempting to guide you, the investor, from not going overboard when it comes to investing in sector funds
Asian Paints, Cipla, Bharat Forge, Dabur India, Nicholas Piramal and Satyam Computer Services are among the 20 Indian corporate entities that have found place in Forbes' list of 'Best Small Asian Companies'.
A meeting between the steel ministry and steel makers on price cuts remained inconclusive. They are likely to meet again to decide on the price cuts.
Hinduja group company Hinduja TMT Ltd said on Thursday it has completed the sale of its entire stake in Hutchison-Essar Ltd for over Rs 2,089 crore (Rs 20.89 billion).
13 companies have submitted more than 230 applications for telecom licences and most of these are for a pan-India UASL. DLF and Omaxe join other real estate firms Indiabulls Real Estate, Unitech and Parsvnath Developers to apply for telecom licence.
Major steel producers, including SAIL and Tata Steel, on Monday agreed to cut prices of TMT bars, galvanised steel and HR coils after the government asked them to contain prices to keep inflation under check.
NRI businessmen Hindujas on Monday began studying the books of Indian telecom firm Hutch-Essar for which they are understood to have roped in leading Spanish Bank 'Banco Santander' for financing the multi-billion dollar deal.
Hindujas have virtually decided to sell their 5.1 per cent stake in mobile company Hutch-Essar to Hong Kong-based Hutchison Telecommunications International Ltd for an estimated value up to $450 million (Rs 20.25 billion).
Hinduja Group on Thursday said it was "very much in the race" to acquire India's fourth largest mobile player Hutch-Essar and said that it would begin reading the books of the target company from Monday.
Just six months after pulling out of Hutchison Essar, the Hinduja group is set to throw its hat into the ring for the country's fourth largest telecom company.
After outsourcing its network management and IT operations, Sunil Mittal-owned Bharti Group has given contract of its call centre operations for mobile services to four global majors in a deal, valued cumulatively at Rs 1,000 crore.
Hong Kong based Hutchison Telecommunication along with some other investors are believed to have signed the deal to buy out a 5.11 per cent stake of Hinduja TMT in the unlisted Indian cellular company Hutchsion Essar.
The Wipro's office on Hosur Road was completely flooded and the company said it has made arrangements for the employees to work in its other offices in the city.
That should be growing well. Look at FT articleon Nucleus dated May 11
The amendment says that UIDAI can now give directions as it may consider necessary to any entity in the Aadhaar ecosystem
Senior IPS officer Archana Ramasundaram on Thursday took over as the Central Bureau of Investigation's first woman Additional Director but was suspended by Tamil Nadu government late in the night for allegedly not following rules before joining the central probe agency.
Vishal Sikka reiterates infy's commitment to surpass sector growth rate in FY17, be a $20-bn revenue firm in CY2020.
'The IPO window has been more or less open since the new government in 2014.'
'Markets should be driven more or less by earnings growth.'
At least 13 attempts were made earlier at modernising.
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