Employees st public sector units (PSUs) will now get an option to subscribe up to 5% of the issue size at a discount after the completion of disinvestment in the concerned state-owned company.
The S&P BSE Sensex today reversed early losses to end with a marginal gain of over 22 points, or 0.1%, to 19,246, on the back of a surge in telecom stocks, amid uncertainty over the outcome of the US Federal Reserve policy meeting.
After touching all-time closing low on Tuesday, the rupee gained 7 paise to close at 58.70 against the US dollar on Wednesday, a day ahead of the crucial US Federal Reserve's meeting to decide on continuing with its monetary stimulus programme.
Billionaire investor Carl Icahn promised Dell Inc shareholders that the company would buy back up to $16 billion of stock if they join his campaign to stop the computer maker from going private.
India's insurance industry has seen several changes during the last one decade. However, it is the role of a leader is to steer the company through such critical times, says Antony Jacob in an interview to Mahua Venkatesh.
Coca Cola today announced major organisational changes, elevating India and West Asia CEO and president, Atul Singh as deputy president of the company's Pacific Group with effect from July 1.
With the Reserve Bank of India (RBI) all set to provide new licences and a host of private companies eyeing the banking space, bank stocks have been in focus for some time. And experts say they could be on the cusp of a bounceback that long-term investors may gain from. Manik Kumar Malakar reports.
In an effort to revive sagging sales figures, Tata Motors today unveiled eight new variants across its passenger car and utility vehicle portfolio. Manu P Toms reports.
A day after Left veteran Gurudas Dasgupta shot his third letter to Prime Minister Manmohan Singh seeking oil minister Veerappa Moily's removal, the minister hit back accusing Dasgupta of acting upon vested interest to derail key policy decisions.
HT reports.
Global banking behemoths HSBC and Standard Chartered, whose employees were today accused of participating in money laundering in the latest sting operation by investigative website Cobrapost, have launched probes into the allegations.
HT reports.
Drug prices are slated to come down by next month. In the first phase of price revision (under the new, 2012 policy on price control), drug watchdog National Pharmaceutical Pricing Authority (NPPA) has regulated the prices of about 150 essential medicines. Himani Chandna Gurtoo reports.
Reliance Industries Ltd's (RIL) chairman Mukesh Ambani is powering up to meet his ambitious
Rs. 150,000-crore investment plan touching various sectors.
Anupama Airy reports.
RIL and its hunger for powerThe proposed all women’s bank, slated to be set up by this year, may not land up being a bank manned primarily by women staff or one having only female customers. The bank is likely to recruit eligible candidates in a gender-neutral manner and cater for all customers –men and women, sources said. Mahua Venkatesh reports.
DreamWorks Animation, trying to lessen its dependence on the volatile movie business by aggressively expanding into TV programming, has decided to forgo cable television in favor of Netflix.
In troubled waters: With the Centre and states still stuck on the revenue-sharing formula, Goods and Services Tax regime will have to clear many more hurdles before it becomes a reality, reports Gaurav Choudhury.