Power generation unit of Dainik Bhaskar Group was to be bought by Adani Power; deal called off
Indian automaker Mahindra and Mahindra Ltd is in advanced talks with global investors to raise between $1 billion and 1.3 billion to accelerate the expansion of electric vehicle unit, Mint reported
Odisha Chief Minister Naveen Patnaik on Tuesday wondered how investors are making a beeline in the state if there is lawlessness as alleged by the opposition BJP and Congress. All over the country, investors talk about the fact that how peaceful Odisha is, Patnaik said while replying to the debate on home and general administration demands in the Assembly. "Getting investment to a state is a reflection of its law and order situation. No investment comes when the law and order situation is poor in a state. Odisha gets one of the highest investments in the country," he said. Claiming that the opposition parties have insulted the people of Odisha by making allegations of lawlessness, Patnaik asserted that the state has registered a record highest growth rate continuously and revenue generation is increasing year after year. As maintenance of law and order is good, the state has record industrial production and record agriculture production, while major events like the World Cup Hockey
In the race to secure UBS Group AG's purchase, the govt invoked the need for stability and emergency legislation to override two key aspects of open markets: competition law and shareholder rights
Bank investors have largely been selling first and leaving that question for later. Around $600 billion dollars of market value has evaporated from the 70 biggest US and European banks since March 6
Capital markets regulator Sebi on Friday came out with simplified procedural requirements for processing investors' service requests by registrar and share transfer agents (RTAs) to push ease of doing business. In addition, the regulator has issued framework for furnishing PAN, KYC (Know Your Client) details and nomination by holders of physical securities. This came after Sebi received representations from investors regarding difficulties being faced by them with regard to certain procedural aspects of guidelines and varied interpretations pertaining to the documentation required for processing investor service requests. The new framework would come into force from April 1, the Securities and Exchange Board of India (Sebi) said in a circular. The regulator has made it mandatory for all holders of physical securities in listed companies to furnish PAN, nomination, contact details, bank account details and specimen signature for their corresponding folio numbers. The folios or inve
The package came less than a day after Swiss bank Credit Suisse clinched an emergency central bank loan of up to $54 billion to shore up its liquidity
The European banking index, initially rose following the intervention, but was virtually flat by 1130 GMT
There's no clear consensus on whether to celebrate or blame VCs who told founders to pull out their money
Silicon Valley Bank became the financier to tech stars by offering an array of products tailored to their needs, that few other institutions dared
Now investors are cautiously pulling back despite the overnight pledge from US authorities to rescue the US lender that sits at the heart of Silicon Valley's venture capital ecosystem
It was difficult to bring investment in Uttar Pradesh before 2017 but now the safety of investors and their capital is guaranteed in Uttar Pradesh, Chief Minister Yogi Adityanath said in Gorakhpur on Sunday. Addressing the inauguration ceremony of an integrated steel plant of Ankur Udyog in Gorakhpur, the chief minister said, "Investment proposals worth Rs 33.50 lakh crore received in the Global Investors Summit are proof of the transformed atmosphere in UP." "It is also indicative of the fact that today the state is moving forward on the right track and is ready to become the largest economy of the country." "Prior to 2017 (in SP regime) it was difficult to get investment for due to bad law and order. Now the safety of investors and their capital is guaranteed in UP," he said. "It depends on our thinking and methodology on how we want to build our future. When there is an atmosphere of security, there is no discrimination against anyone, there is a solidarity of the forces of ...
A publicly available transparent database would increase the chances of genuine claimants finding out and making their claims, thus reducing the chances of fraudulent claims
At the close of business on March 9, the bank had a negative cash balance of $958 million, according to an order taking possession of the bank filed Friday by California's bank regulator
Passive trackers likely to sell 67 mn shares; another 1.35 bn could be offloaded by individual investors
GQG Partners bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout
Investors are starting to realise that new-age companies are a completely different animal
But a closer look at billionaire Gautam Adani's empire shows that while fears of a debt blowup in the next three years have receded, investors still have doubts
A high-powered Sebi committee on Monday asked investors in illegal schemes of PACL group, with claims of up to Rs 17,000, to produce original documents by March 20 for receiving refunds. The panel has asked only those investors, whose applications have been successfully verified, to submit their original certificates. The committee, headed by former Chief Justice of India RM Lodha, is overseeing the process of disposing of properties to refund investors after verifying their genuineness. It has already initiated the process of refund in phases. The panel was set up by Sebi in 2016 following a Supreme Court order. The committee has decided to call for original PACL registration certificates from eligible investors with claims between Rs 15,001 and Rs 17,000, whose applications have been successfully verified, according to a statement published on Sebi's website on Monday. Accordingly, intimation through SMS will be sent to all eligible investors, requiring them to submit original PA
The group is boosting outreach to investors after its bonds and stock slumped following a critical report from short-seller Hindenburg Research published last month