Business

Private equity investments jump to $9.1 bn in 2013: E&Y

Monday, 20 Jan 2014 | PTI | New Delhi

Helped by a few big ticket deals, private equity investments in the country surged over 20 per cent to $9.1 billion last year even as deal volumes declined during the same period, says a report. In 2012, private equity investments touched $7.5 billion.Global consultancy EY said that PE activity in...

I-T Dept eyes foreign gold buyers

Monday, 20 Jan 2014 | PTI | New Delhi

Financial details of Indians bringing in gold from abroad after duty payment will be shared by customs authorities with Income Tax department to check suspicious ferrying of the yellow metal into the country. According to norms, an Indian who has been living abroad for over six months can bring in a...

Sebi Powers: More than 300 attachment proceedings to continue

Monday, 20 Jan 2014 | PTI

Sebi has initiated more than 300 attachment proceedings in about 65 different cases for recovery of close to Rs 2,000 crore from defaulters and fraudsters, including those having raised money through illicit money-pooling activities. These cases are over and above the attachment orders passed through court orders, such as in...

125-member Indian delegation heads for Davos to attend WEF

Monday, 20 Jan 2014 | PNS | New Delhi

Over 125 leaders from India will attend the World Economic Forum (WEF) Annual Meeting at Davos, Switzerland this week, where they will highlight efforts being undertaken to turn around the economy. The annual talk-fest of rich and powerful from across the world in snow-laden Alpine resort town of Davos will be...

LIC cuts stake in Infy to 3.71%; sells shares worth Rs 2,600cr

Monday, 20 Jan 2014 | PTI | New Delhi

State-owned life insurer LIC has pared its stake in IT major Infosys to 3.71 per cent during the October-December quarter, raising about Rs 2,600 crore. The biggest institutional investor in the stock market had 4.95 per cent stake in Infosys during the July-September quarter. As on December 31, that fell to...

Global retailer Wal-Mart sets up new company in India

Monday, 20 Jan 2014 | PTI | New Delhi

Global retail giant Wal-Mart has registered a new company in India as it prepares to enter the country’s lucrative multi-brand retail market with a new partner. The American retail major and Bharti Enterprises decided to part ways in October last year, bringing an end to their six-year long partnership. The retailer...

NSE top-ranked globally for equity trades for 2nd year in 2013

Monday, 20 Jan 2014 | PTI | New Delhi

The National Stock Exchange (NSE) retained its position as the world’s largest bourse in terms of number of equity trades for the second consecutive year in 2013, while China’s Shenzhen Exchange overtook the NYSE as the second largest. NSE recorded almost 145 crore equity trades on its platform last year, a...

Jalan Committee on new bank licences to meet on Feb 10

Monday, 20 Jan 2014 | PTI | New Delhi

The Bimal Jalan panel which is scrutinising applications for new bank licences will hold a meeting on February 10. “We are having our next meeting on February 10,” Jalan, a former Reserve Bank Governor who heads the panel, told the news agency. The committee held its first meeting on...

Toyota stops Corolla Altis production; to launch new version

Monday, 20 Jan 2014 | PTI | Guwahati

Car maker Toyota Kirloskar Motor has stopped production of its premier sedan Corolla Altis from this month as it gears up to roll out a new version in the next 4-5 months. According to industry sources, the company will showcase the model with added features during the upcoming Auto Expo in...

Sebi to revisit policy on proprietary trading by brokers

Monday, 20 Jan 2014 | PTI | New Delhi

To ring-fence small investors from any manipulation by brokers, market regulator Sebi is considering revisiting its policy on proprietary trades. Such trades are conducted by brokers for their own gains and not for the clients. Brokers are required to make strict disclosures about their proprietary trades and ensure a ‘Chinese Wall’...


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Zuma’s downfall gives ANC a final chance

18 Feb 2018 | Gwynne Dyer

Now that Jacob Zuma has finally exited, the African National Congress, which has fallen a long way from its glory days, has one last chance to rebuild its reputation before next year’s election. Whether the ANC is the best bet for South Africans is a different question altogether As a passer-by in the upscale Johannesburg suburb of Saxonwold observed, the South African Police would never have raided the enormous, high-walled compound...

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Historic day for sportspersons of C'garh : Raman

18 Feb 2018 | Staff Reporter | Raipur

Chief Minister Raman Singh on Saturday dedicated to the people of the State an interntional standard 'Swami Vivekananda Stadium' built at a cost of Rs 17 crore at Kota in Raipur. After inaugurating the stadium, the Chief Minister had a look at various facilities at the stadium...

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