Non-retail portion was oversubscribed 1.8 times . Retail portion was oversubscribed 4.5 times with bids for 5.92 crore shares as against 1.32 crore shares reserved for them.
In the first stage of the tender process, bidders were required to submit their technical bids on state-run enterprise MSTC’s e-commerce portal.
Revenue secretary Shaktikanta Das said there was no need for market participants to prejudge which way the government would decide (on the issue of P-notes).
Suresh Narayanan is a former Nestle India executive and currently chief executive of the company’s Philippines unit.
Strong gasoline cracks led by robust demand growth, lower energy cost and favourable crude differentials helped boost refining margins.
The 66-page report was 'unanimously adopted' by the three-member committee.
Asks Sebi to put in place an effective mechanism to monitor any unusual rise in stock prices of firms.
Prime Minister Narendra Modi had launched the two insurance schemes along with the Atal Pension Yojana on May 9 this year to improve social security and insurance coverage in the country.
Highway to enhance connectivity between Mekong sub-region and India
At present, the government holds 72.80 per cent equity in PFC. Post disinvestment, its stake will reduce to 67.8 per cent.
People in developing and emerging, including India, are more likely to believe that economic conditions will improve over next one year.
Campaign for opening up of demat accounts likely to be undertaken
The Wipro scrip closed at Rs 588.40, up 0.52 per cent, on the BSE.
Lupin said buying privately held Gavis would give it access to 66 generic drugs for which the New Jersey firm has sought approval.
It became a sensation not just for its beer and the grub but also its retro 1960s and 1970s rock music.
Experts say investors should take it as an opportunity to accumulate gold as part of their asset allocation rather than sell out holdings and exit.
Both the Left parties and AIADMK have demanded that states should be empowered to levy higher taxes on tobacco and tobacco products while petroleum and products should be kept out.
EPFO also plans to raise the age for withdrawal of up to 90 per cent of the accumulation from the current limit of 54 years to 57 years
On February 13, 2014, Sebi came out with the amended listing agreement that mandated listed companies to appoint at least one woman director on the board.
There are 34 lakh education loans, fallout of 7-10 per cent default can impact credit score of over three lakh students.
The resources raised through the ECB route will be utilised for carrying out maintenance on its aircraft and ensure that more aircraft can be used in to operate flights.
Select committee also makes a case for lower GST rate for the banking industry to maintain the competitiveness of the industry globally
Underlining the “historical role of tripartite mechanism” for enactment of labour laws, the Indian Labour Conference on Tuesday said that labour laws need to be relooked and updated in a time-bound manner but said that the welfare and rights of workers, sustainability of enterprises and job creation and industrial peace must be taken into account. […]
The magazine had earlier published article on Algo trading based on a whistleblower’s letter to the Securities and Exchange Board of India (SEBI) that it said was also copied to Dalal.
The valuation of the transaction could not be immediately estimated but a minority share typically implies up to 26 per cent divestment.
The RBI, which has been under pressure to cut rates in order to boost investments and growth, is scheduled to announce the bi-monthly monetary policy on August 4.
As a part of the integration process with Ranbaxy, the company expects to incur certain integration charges in order to generate long-term synergies from this merger, Sun Pharma said on Monday.
Government to subsidise premium for those below poverty line by up to 90% through cash transfers.
Additional Chief Metropolitan Magistrate Pritam Singh issued summons to Maran, the company and its Managing Director S Natrajhen in tax evasion cases.
The report said the company had decided to utilise the buoyant international financial market even in 2014 by refinancing some of its existing debt.
Kotak is the first AMC to take such an initiative.
Madhu Kapur took Rana Kapoor and Yes Bank to court in June 2013. Kapur has been demanding the right to nominate a director to the bank’s board.
Upstream companies witnessing subdued valuations on low crude prices.
The income tax department is in a tough spot regarding the promotion of some of its top officers. Some of these officers may soon have to work at a lower grade opening up the possibility of legal scrutiny in cases that they had adjudicated in the past, including those on international tax claims. The department […]
Sitharaman’s statement means though the sectoral foreign investment cap in banking is 74 per cent, FPIs can invest up to 49 per cent only.
Bullion fell to as low as $1,088.05 an ounce - its weakest since March 2010 - shortly after the Shanghai Gold Exchange opened trading, with volumes soaring to a record level.