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Sadbhav's IPO pulls through, subscribed 2.22 times Sadbhav's IPO pulls through, subscribed 2.22 times The initial public offering (IPO) of Sadbhav Infrastructure Project was subscribed 2.22 times Wednesday, the last day of its subscription.
Oil exploration cos in huge demand; shares rally up to 20% Oil exploration cos in huge demand; shares rally up to 20% Shares of oil exploration companies were in huge demand Wednesday, surging up to 20 percent, as the government decided to auction 69 idle oil and gas fields of state-owned ONGC and Oil India to private firms on a new revenue sharing model and liberalised terms.
India among top 5 sovereign EM debt issuers: Moody's India among top 5 sovereign EM debt issuers: Moody's India ranks among the top five sovereign debt issuers from the emerging economies after China, said Moody's Investors Service.
'Decision to scrap MAT will boost India's investment position' 'Decision to scrap MAT will boost India's investment position' Industry body CII Wednesday said the government's announcement that minimum alternate tax will not be imposed on overseas portfolio investors retrospectively will boost India's position as a favourable investment destination, help reduce litigation and resolve disputes.
Rupee continues uptrend; ends 3 paise higher at 66.19 against USD Rupee continues uptrend; ends 3 paise higher at 66.19 against USD Rising for the second consecutive day, the rupee closed 3 paise higher at 66.19 against the US dollar Wednesday on fag-end selling of the greenback by banks and exporters.
Banking services hit by day-long strike Banking services hit by day-long strike Banking services across the country were hit Wednesday by the day-long strike by 10 central trade unions and 14 bank unions, but workers of largest lender SBI and a few other banks stayed off the agitation.
Sensex plunges 243 points to 13-month low as China concerns outweigh MAT relief Sensex plunges 243 points to 13-month low as China concerns outweigh MAT relief The 50-share Nifty after recapturing the 7,800-mark in early trade to touch a high of 7,862.55, succumbed to selling pressure and cracked the 7,700-level to a low of 7,699.25 before settling at 68.85 points or 0.88 per cent lower at 7,717.00.
Indian banks face broader capital challenges, says Fitch Indian banks face broader capital challenges, says Fitch Fitch Ratings on Wednesday said that RBI declaring only ICICI Bank and SBI as Domestic Systemically Important Banks (DSIBs) reflects in part some of the broader capital challenges in India.
MFs buy shares worth Rs 10,533 cr in Aug, but FPIs hit exits MFs buy shares worth Rs 10,533 cr in Aug, but FPIs hit exits Mutual fund managers continued their shopping spree in August purchasing shares worth a staggering Rs 10,533 crore even though overseas investors pulled out a record money from the stock market.
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