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Business News
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New Delhi: Indian companies have raised Rs 46,267 crore through public issues in the current fiscal, with PSUs mopping up 60 per cent of the amount, primary market tracking company Prime said today. "The fiscal 2010-11, just about to end, has witnessed raising of Rs 46,267 crore through public equity issues … PSUs and PSU banks dominated the year with a total raising of Rs 27,537 crore, or 60 per
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Wednesday, March 23, 2011 |
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Bangalore: Legendary investor Warren Buffett today said he was looking at investments in large countries like India, but rued the existing foreign investment caps (foreign direct investment or FDI)) in sectors like insurance. Speaking to reporters on his maiden visit to India, Buffett said he did not consider India as an emerging market any more and even the US would benefit from rise of countries
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Mumbai: The interest-sensitive financial sector stocks, led by ICICI Bank, recorded sharp-to-moderate gains on the Bombay Stock Exchange today as buyers discounted a likely hike in key rates by the Reserve Bank of India.
Strong Advance tax numbers, which indicated corporate earnings growth was on track, also supported the trading sentiments.
Mirroring the upbeat mood,
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New Delhi: Market regulator Sebi has cleared the acquisition of Cairn India by NRI billionaire Anil Agarwal-led Vedanta Resources, removing a major hurdle for the USD 9.6 billion dollar deal announced about seven months ago. The deal was announced in August 2010 and has since then been awaiting approvals from Sebi and the government. The government is yet to approve the deal, wherein British energ
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Chandigarh: With an eye on assembly polls scheduled next year, the SAD-BJP led government today put up a tax-free Rs 48,594.85 crore-budget for 2011-12 while relying on buoyancy in the local economy to fill up the state coffers. It also announced proposals like free bicycle for girls, extending free healthcare facilities to backward classes and lowering the qualifying age of pension for women as s
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