equity capital

General insurers, with value twice of equity base, can tap public: IRDA


September 19th, 2012 - 1:06 am ICT by IANS
Chennai, Sep 18 (IANS) Ten years in business with an embedded value of at least twice the paid capital and maintaining a solvency margin are some of the terms that ... Read more...

Posted in Business |

Government to sell 10.82 percent stake in SAIL


July 20th, 2012 - 2:56 pm ICT by IANS
New Delhi, July 20 (IANS) The government has decided to sell 10.82 percent stake in the Steel Authority of India Limited (SAIL) through auction, which is estimated to fetch ... Read more...

Posted in Business |

Tech Mahindra, Mahindra Satyam to merge (Lead)


March 21st, 2012 - 4:14 pm ICT by IANS
Mumbai, March 21 (IANS) Two IT companies belonging to the Mahindra Group said Wednesday they would merge into a single unit.Mahindra Satyam, the erstwhile Satyam Computers that was taken ... Read more...

Posted in Business |

Bids worth Rs.12,766.75 crore received for ONGC shares


March 2nd, 2012 - 8:48 pm ICT by IANS
New Delhi, March 2 (IANS) The government Friday said it has received valid bids worth Rs.12,766.75 crore for divesting its five percent stake in the Oil and Natural Gas ... Read more...

Posted in Uncategorized |

Reliance Communications pays $1,182 million to redeem FCCBs


February 29th, 2012 - 9:56 pm ICT by IANS
New Delhi, Feb 29 (IANS) Reliance Communications Wednesday said it has paid $1,182 million (Rs.5,825 crore) for redemption of all the outstanding Foreign Currency Convertible Bonds (FCCBs)."Reliance Communications has made ... Read more...

Posted in Business |

Indian Bank to convert Rs.400 crore preference shares to equity


January 30th, 2012 - 5:44 pm ICT by IANS
Chennai, Jan 30 (IANS) Public sector Indian Bank plans to convert Perpetual Non-Convertible Preference Shares (PNCPS) worth Rs.400 crore into equity at market rate soon even as it has the ... Read more...

Posted in Business |

Banks need equity capital of Rs.2.7 trillion for expansion


January 3rd, 2012 - 9:22 pm ICT by IANS
New Delhi, Jan 3 (IANS) Indian banks will be required to raise equity capital of around Rs.2.7 trillion by 2017 to fund their expansion while complying with the new banking ... Read more...

Posted in Business |

Just 4 percent of India’s retail is organised


November 30th, 2011 - 7:41 pm ICT by IANS
New Delhi, Nov 30 (IANS) The share of the organised sector in India's $400-billion retail industry is miniscule at around 4 percent, leaving scope for growth and foreign equity investment, ... Read more...

Posted in Business |

‘Probe conversion of Kingfisher loan into equity’


November 15th, 2011 - 7:12 pm ICT by IANS
Chennai, Nov 15 (IANS) Demanding a parliamentary probe into the manner in which government banks converted their loans to Kingfisher Airlines into equity at a higher price than the market ... Read more...

Posted in Business |

5 percent equity divestment in BHEL cleared


August 30th, 2011 - 11:23 pm ICT by IANS
New Delhi, Aug 30 (IANS) The Cabinet Committee on Economic Affairs Tuesday approved disinvestment of five percent paid up equity in Bharat Heavy Electricals Limited (BHEL), a public sector ... Read more...

Posted in Business |

Kingfisher Airlines’ board approves Rs.2,000 crore rights issue


August 26th, 2011 - 5:22 pm ICT by IANS
New Delhi, Aug 26 (IANS) The Vijay Mallya-led Kingfisher Airlines Friday said its board has approved a proposal to raise funds up to Rs.2,000 crore through rights issue."Board at its ... Read more...

Posted in Business |

10 percent NBCC divestment okayed


August 11th, 2011 - 11:41 pm ICT by IANS
New Delhi, Aug 11 (IANS) The government Thursday approved divestment of 10 percent of its equity holding in state-run construction and engineering firm National Buildings Construction Corporation Limited (NBCC).In a ... Read more...

Posted in Business |

India’s banking industry hit by nationwide staff strike


August 5th, 2011 - 12:01 pm ICT by IANS
Chennai/New Delhi, Aug 5 (IANS) Majority of banking transactions across India were hit Friday as some one million staff struck work to protest proposals to divest government stake in state-run ... Read more...

Posted in Business |

Government to pump Rs.1,732 crore into Air India


August 4th, 2011 - 10:38 pm ICT by IANS
New Delhi, Aug 4 (IANS) In a bid to pump cash into the financially-troubled Air India, the government Thursday cleared a Rs.1,732 crore package for the flag carrier, that ... Read more...

Posted in Business |

Private equity firm Apollo to invest Rs.2,250 crore in Welspun group firms


June 29th, 2011 - 1:33 pm ICT by IANS
Mumbai, June 29 (IANS) One of the world's leading private equity firms, Apollo Global Management will infuse about Rs.2,250 crore in Welspun Corp Limited (WCL), a leading pipe manufacturer and ... Read more...

Posted in Business |

Norms soon for calculating embedded value of insurers


June 26th, 2011 - 10:47 pm ICT by IANS
Chennai, June 26 (IANS) India's insurance regulator, the Insurance Regulatory and Development Authority (IRDA), will shortly come out with the norms for calculating the embedded value - the current discounted ... Read more...

Posted in Business |

PFC plans picking up stake in power firms


May 9th, 2011 - 9:27 pm ICT by IANS
Chennai, May 9 (IANS) After funding power projects, Power Finance Corp (PFC) is now keen on taking equity participation in power companies and funding coal mines, an official said Monday."We ... Read more...

Posted in Business |

NALCO hands over new share certificate


April 19th, 2011 - 10:55 pm ICT by IANS
Bhubaneswar, April 19 (IANS) B.L. Bagra, the chairman-cum-managing director of the state-run National Aluminium Company Limited (NALCO) Tuesday handed over the new share certificate to union Minister of Mines Dinsha ... Read more...

Posted in Business |

TVS Automobile chalks out aggressive expansion plans


February 23rd, 2011 - 5:52 pm ICT by IANS
Chennai, Feb 23 (IANS) With the Indian car market logging good growth, this city-based automobile services company TVS Automobile Solutions Ltd is aiming to increase the number of MyTVS car garages to ... Read more...

Posted in Business |

Shriram Life to tap clients of group companies


January 12th, 2011 - 4:38 pm ICT by IANS
Chennai, Jan 12 (IANS) The Rs.611 crore ($135 million) premium income Shriram Life Insurance Company Ltd will tap the client base of its sister companies this year and also beef up equity ... Read more...

Posted in Business |

Indian banks well capitalised for Basel III: Subbarao


December 3rd, 2010 - 5:58 pm ICT by IANS
Mumbai, Dec 3 (IANS) Indian banks are well capitalised and can comfortably adjust to the latest international regulatory framework Basel III, Reserve Bank of India (RBI) Governor Duvvuri Subbarao said Friday."Our ... Read more...

Posted in Business |

HUDCO moves court for stake in Kochi airport


November 5th, 2010 - 5:54 pm ICT by IANS
Kochi, Nov 5 (IANS) The government-owned Housing And Urban Development Corporation Ltd (HUDCO) has filed a case in an Ernakulam court, asking it to direct the Cochin International Airport Ltd (CIAL) to ... Read more...

Posted in Business |

NCDEX to decide on raising additional equity this month


October 7th, 2010 - 8:22 pm ICT by IANS
Chennai, Oct 7 (IANS) The National Commodity and Derivatives Exchange (NCDEX) will take a final call on the mode for raising Rs.12.50 crore equity capital this month while it waits for approval ... Read more...

Posted in Business |

IndusInd Bank raises $253 mn through QIP


September 27th, 2010 - 10:15 pm ICT by IANS
Mumbai, Sep 27 (IANS) IndusInd Bank Monday said it has raised $253 million through its second Qualified Institutional Placement (QIP) offer. "This second QIP offering has made the bank well capitalised and it ... Read more...

Posted in Business |

Ispat enters into tie-up with Stemcor


September 16th, 2010 - 10:29 pm ICT by IANS
Mumbai, Sep 16 (IANS) Steel major Ispat Industries Thursday said it has entered into a Strategic Co-operation Agreement with international steel trader Stemcor Holdings Limited. The company said that Stemcor will invest upto ... Read more...

Posted in Business |

Crompton Greaves forms joint venture with Spanish firm ZIV


September 10th, 2010 - 8:00 pm ICT by IANS
New Delhi, Sep 10 (IANS) Engineering equipment maker Crompton Greaves Friday said it has signed an agreement with Spain-based ZIV Aplicaciones y Tecnologia to form a joint venture in India to manufacture ... Read more...

Posted in Business |

Equipment foundation of Salboni project by December


September 8th, 2010 - 9:17 pm ICT by IANS
Kolkata, Sep 8 (IANS) Steel manufacturer JSW Bengal Steel expects equipment foundation of the Salboni project in West Midnapore district of West Bengal to begin in December, a top official said here ... Read more...

Posted in Business |

Reliance Broadcast Network soars on fund raising plans


September 2nd, 2010 - 3:59 pm ICT by IANS
Mumbai, Sep 2 (IANS) Reliance Broadcast Network Ltd (RBNL), part of the Anil Dhirubhai Ambani Group (ADAG), was trading at the upper circuit filter limit at Rs.116 on the Bombay Stock Exchange ... Read more...

Posted in Business |

ING Vysya Life to raise equity base by Rs.227 crore


August 24th, 2010 - 5:41 pm ICT by IANS
Chennai, Aug 24 (IANS) Bangalore-based ING Vysya Life Insurance Company will increase its equity base by Rs.227 crore this fiscal and is awaiting the sectoral regulator's sanction for four new products, a ... Read more...

Posted in Business |

JSW Steel to start Salboni project by fiscal-end


July 27th, 2010 - 5:53 pm ICT by IANS
Kolkata, July 27 (IANS) JSW Steel would start construction of its 10-million-tonne Salboni plant in West Bengal before the end of the current fiscal (2010-11), a top company official said Tuesday. The company ... Read more...

Posted in Business |

Central Bank plans to raise Rs.2,500 crore in FY11


July 15th, 2010 - 6:51 pm ICT by IANS
Kolkata, July 15 (IANS) Public sector Central Bank of India plans to raise Rs.2,500 crore as tier-I capital (core capital including equity capital and disclosed reserves) in the current fiscal (2010-11), a ... Read more...

Posted in Business |

SJVNL net profit in 2009-10 at Rs.972 crore


July 6th, 2010 - 7:53 pm ICT by IANS
Shimla, July 6 (IANS) Hydropower major Satluj Jal Vidyut Nigam Ltd (SJVNL), which owns and operates the 1,500-MW Nathpa-Jhakri project in Himachal Pradesh, Tuesday reported a net profit of Rs.972.74 crore for ... Read more...

Posted in Business |

Sensex up 142 points on robust data, global cues (Roundup)


June 11th, 2010 - 7:57 pm ICT by IANS
Mumbai, June 11 (IANS) A benchmark index for Indian equities Friday closed 142 points higher on steady global cues, slipping from the intra-day highs it reached on the back of strong ... Read more...

Posted in Business |

Reliance Industries to buy Infotel, offer broadband services


June 11th, 2010 - 6:35 pm ICT by IANS
Mumbai, June 11 (IANS) Barely an hour after Infotel Broadband, a company promoted by the Nahatas, was named a pan-India winner of broadband airwaves auction, Reliance Industries Friday said it will acquire ... Read more...

Posted in Business |

JSW Bengal faces no problem in Maoist-hit West Midnapore


June 3rd, 2010 - 6:17 pm ICT by IANS
Kolkata, June 3 (IANS) JSW Bengal Steel said Thursday it is going ahead with its project in West Midnapore district of West Bengal, a hotbed of Maoist activities. "Our project got delayed by ... Read more...

Posted in Business |

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