The Left Democratic Front (LDF) government has filed the appeal challenging the Kerala High Court which dismissed the plea on October 19 on the grounds that it was directed against the privatization policy of the Centre and hence devoid of merits.
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The bonds of face value of Rs 10 lakh each, at par, bearing a coupon of 7.73 per cent per annum payable annually with call option after five years and on anniversary dates thereafter, aggregates to Rs, 2,500 crore, SBI said.
The association represents the majority of the banks except State Bank of India and Indian Overseas Bank. It has four lakh bank employees from various public and old private sector and a few foreign banks as its members.
The move effective from November 23, was taken as the broker failed to comply with NSE guidelines, National Stock Exchange (NSE) said in a circular.
On Tuesday, the Lakshmi Vilas Bank stock plunged 9.88 per cent to Rs 7.30 -- its lower circuit limit as well as one year low -- on BSE. At NSE, it plummeted 9.88 per cent to Rs 7.30 -- its lowest trading permissible limit for the day.
Elon Musk's net worth soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla’s share price.
In a series of tweets, Chidambaram questioned the situation of a possible surplus in the current account.
The S&P BSE Sensex climbed 445.87 points (1.01 per cent) to end at a record high of 44,523.02. Earlier in the day, the index had hit an all time high of 44,601.63 in the intraday trade. Similarly, the Nifty 50 ended above the 13,000-mark for the first time ever settling at 13,055.15, thereby registering a spike of 128.70 points (1 per cent). During the day the NSE benchmark had surged to a record 13,079.10.
Sebi said the reclassification on shareholding should be amended so that the promoter and related persons seeking re-classification should not together hold 15 per cent or more of the total voting rights in the listed entity.
Pegatron Corp, the parent company, will put in the funds raised fully through its internal resources as part of its “long-term investment”.
Handholding and advising entrepreneurs through his foundation, he said while there is always a case for more support from government during these times, our government did what it could despite weak finances
Sitharaman said the government, as part of the Atmanirbhar Bharat initiative, encouraging the setting up of dedicated special manufacturing zones for the production of pharma, medical devices and APIs in several states.
Beijing’s announcement of proposed guidelines to enforce anti-competition law against internet companies is “timely and necessary,” Daniel Zhang said in a speech at the government-organized World Internet Conference in Wuzhen
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They also said that the proposal is "best left on the shelf".
"The momentum for reform shall continue. Several more active reform-related steps are being taken up," Sitharaman said.
Former RBI governor Raghuram Rajan, and former deputy governor Viral Acharya also criticised the proposal, calling it a "bad" idea.
Noting that COVID crisis is a crisis to demand and primarily a negative shock to demand, Subramanian said, India's response was suitably crafted to deal with that.
On Monday, the Lakshmi Vilas Bank stock plunged 10 per cent to Rs 8.10 -- its lower circuit limit as well as one year low -- on the BSE. On the NSE, it plummeted 10 per cent to Rs 8.10 -- its lowest trading permissible limit for the day.
RIL stock gained 3.72 per cent to Rs 1,970 on the BSE. On the NSE, it jumped 3.67 per cent to Rs 1,969.35.
Brent crude futures rose 21 cents, or 0.5%, to $45.17 a barrel by 0436 GMT while US West Texas Intermediate crude gained 10 cents, or 0.2%, to $42.52 a barrel. Both benchmarks jumped 5% last week.
At the interbank forex market, the domestic unit opened at 74.12 against the US dollar. In early trade, the local unit also touched 74.17 against the American currency.
MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.56% on Monday, pushing past a previous record high touched on Friday.
After touching a record intra-day high of 44,271.15, the 30-share BSE index ended 194.90 points or 0.44 per cent higher at 44,077.15.