According to a release, the bank will issue 24,238,310 shares at a price of Rs 340.70 per share, and with a face value of Rs 10 for each share among five investors. It will raise Rs 8,25,79,92,217 from the issue.
A debt ETF is a collection basket of such corporate debt paper wherein the maturity duration of these bonds shall be close to each other.
Reports said that Kochhar has moved the Bombay HC against ICICI Bank for ‘terminating’ her even though her request for an early retirement was accepted earlier.
Health insurance companies saw a 34.3 percent year-on-year (YoY) growth in premium collection to Rs 7,192.17 crore, while the other general insurers (except specialist insurers) saw a 15.3 percent YoY growth to Rs 97,106.3 crore.
People#39;s Bank of China trimmed the interest rate it charges on funding to commercial lenders last week, to boost lending to credit-starved parts of the economy.
At a time when finding skilled talent is becoming increasingly difficult in the Indian market, disclosing approximate salary details at the time of advertising vacancies has become a requirement. Companies which decide not to, only end up missing out on qualified resources in the market.
Many of the beaten-down small mid-caps are at an attractive valuation and smart investors are not looking to chase the markets but invest in those companies which now provide a higher margin of safety.
Here is a complete look at all the major headlines in the automotive segment this week
Moreover, what would be interesting to see is whether on a standalone basis Bollywood manages to score Rs 4,000 crore, and Hollywood strikes the Rs 1,000 crore milestone in a single calendar year. Given the kind of collections that both industries have managed to churn out already, this pretty much looks quite possible.
The contra investing stocks will take time to give returns but hopefully will stand out better on risk-adjusted return basis and absolute returns are also likely to be higher if one has the patience to hold.
It looks like Small midcap stocks have joined the party on D-Street and some of the smart money has started moving in this space especially in the ones which were beaten down, suggest experts.
Nomura expects Maruti to report flat overall volumes due to better retails and leaner inventory than competitors.
Markets never top because the smart guys are selling. Markets top when no more fools are eager to buy further. The Chennai-headquartered firm has bagged the Rs 1,477 crore contract on #39;one city, one operator#39; model and will operate, maintain and manage the system in both the cities for a period of 10 years, expandable for an additional period of five years, the company said in a statement. "Hindustan Construction Co Ltd (HCC) won a challenge in the Supreme Court of lndia for setting aside Section 87 of the Arbitration and Conciliation Act... In HCC#39;s case, the company will now be in a position to execute awards amounting to about Rs 1,584 crore which were impacted by Section 87," the construction firm said in a statement.
At the start of the year, Ambani stood at the 13th on the Forbes 2019 rich list. He is now moved to nineth overtaking Alphabet CEO Larry Page.
"Pursuant to the scheme of conversion of FCCBs into equity shares of the company, a meeting of the USD 200,000,000 5.0 per cent foreign currency convertible bondholders has been convened by the company on December 13, 2019," according to a BSE filing.
With this, the total installed capacity of NTPC and NTPC Group has become 48,895 MW and 57,356 MW, respectively, a company statement said.
The majority of cuts would be from the operations team
Wockhardt, wants to reduce its debt burden and is seeking a valuation between Rs 2,400-2,700 crore
Being the largest institutional investor in the country, LIC is a prominent participant in the divestment process of government entities. The majority of cuts would be from the operations team
Civil Aviation minister Hardeep Singh Puri#39;s recent statement in Rajya Sabha that Air India will have to be closed down if not privatised is "highly damaging" and will have "massive financial implications" for the national carrier, an employees#39; union said.
The company, which is located Mumbai’s suburbs, is come under the department’s scanner for indulging in bogus billing
The stock exchanges had on November 27 issued frameworks for the listing of CPs to improve investor#39;s participation in the securities.
The land and stake sale is expected to be completed by FY20-end
A close look at the list shows that FPIs are betting on a recovery in the small midcap space, even though most of the stocks have corrected in the last one year.
"The company has received the letter of acceptance (LoA)...from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for EPC project in the state," Dilip Buildcon said in a filing to BSE.
The developments come in the wake of reports about the Group exploring several options, including making Eureka Forbes public or selling stake in its engineering firm Forbes and Company to pay back the loans it had taken from the solar company Sterling Wilson Solar.
The Jindal scion plans for the cements and paints businesses will change the very nature of the $14 billion JSW Group that his father Sajjan Jindal founded
"Bharti Airtel seems to be the highest bidder with bids of around Rs 9,500 crore. However, the final result will be known on Friday after the committee of creditors (CoC) opens all the bids," the source said. "HGS intends to consolidate their product offerings and focus on high-margin/premium services...The amount of cash consideration for the transfer shall be approximately Rs 40 crores, subject to adjustments as amount or otherwise share per the definitive agreement," a BSE filing said.
Future Coupons is a subsidiary of Future Group, which owns 7.3 percent of Future Retail (owner of Big Bazaar brand), and through the deal, Amazon will own 3.58 percent stake in the brick-and-mortar retailer.
When Kothari prodded his chemist, he told him that there is shortage of Rs 15 - Limcee pack in the market, and what he is offering is the reformulated version of Limcee, called Limcee Plus.
The scheme will be offered to employees of different departments, across its businesses of passenger and commercial vehicles, sources said
Nissan Motor Co. Executive Vice President Hideyuki Sakamoto said Thursday that manufacturing methods must change because vehicles increasingly have both hybrid and electric engines and new parts for connectivity and artificial intelligence services.
Bajaj equated the electric vehicle conundrum with that of CNG adoption.
When growth seemed to be slowing in June 2013, Narayana Murthy returned to the company along with his son Rohan despite promising that to keep his family away from the IT services company he built with six others. We know how this rescue mission ended.
The lenders, five private banks and an NBFC, have a collective exposure of Rs 1,415 crore against these pledged shares
The prominent largecap additions include HDFC, NTPC, UltraTech Cements, Sun Pharma and Kotak Mahindra Bank, while the midcap ones are PG, Bharat Electronics, IGL and InterGlobe Aviation.
"The Bengaluru Bench of the National Company Law Tribunal (NCLT) vide its order dated November 27, 2019 sanctioned the said Scheme involving the demerger of the power grids business of the company to APPSIL under the provisions of Sections 230 - 232 and other applicable provisions of the Companies Act, 2013," ABB India said in a regulatory filing.
Warburg plans finish fundraising on its India-focussed fund, which will target industrial sectors such as financial, manufacturing and consumer, by the first half of next year, said one of the people.
OFI Global China Fund LLC, which already holds 8.7 per cent stake in Zee Entertainment Enterprises Ltd, has acquired over 13,749,266 crore additional equity shares amounting to 1.431 per cent stake in the media company. OFI Global China Fund LLC, which already holds 8.7 per cent stake in Zee Entertainment Enterprises Ltd, has acquired over 13,749,266 crore additional equity shares amounting to 1.431 per cent stake in the media company.
The interim council, comprising three key members of the leadership team at Hero MotoCorp, will be operational from December 13 to guide the SAS team to upgrade company#39;s entire inventory to BS-VI before the deadline of March 31, 2020, sources said. According to a regulatory filing by Zee, Kumar and Vohra had raised concerns over several issues, which included discrepancies in spending CSR funds.
The government has also recommended capping surge pricing at a maximum of double the base fare. The guidelines also include a clause stating that not more than 10 percent of rides taken by a driver daily can be subject to surge pricing
"Kacific has selected Tata Communications...to provide terrestrial connectivity services as it readies for the launch of its first satellite, Kacific1," Tata Communications said in a regulatory filing.
Experts feel that investors should track EPS of at least four-five years while other important parameters which one should include are Return on Equity (RoE), as well as Return on Capital Employed (RoCE).
For this CSR initiative #39;Serve Safe Food#39; in Assam, the company has tied up with the Department of Health and Family Welfare of the state government and National Association of Street Vendors of India (NASVI).
