Business

Salasar Techno gets Sebi approval for IPO

By Selene 0
New Delhi: Salasar Techno Engineering has received the approval of capital markets regulator, the Securities and Exchange Board of India (Sebi), to float its initial public offering (IPO). The company had filed its draft papers with Sebi in February and received the ‘observations’ from the regulator on 16 May, which is necessary for any company Read More

India Inc’s overseas borrowings treble to $1.30 billion in April

By Selene 0
Mumbai: External commercial borrowings by Indian companies in April more than trebled to $ 1.30 billion, a sizable portion of which was taken to start new projects. The ECBs were at $ 304.57 million in April last year. The borrowings in April this year included $ 1.27 billion through the automatic route and $ 39.26 Read More

NSE to launch GIFT City operations on 5 June

By Selene 0
Mumbai: The National Stock Exchange of India Ltd (NSE) will start operations in the Gujarat International Finance Tec-City (GIFT City), India’s first international financial services centre (IFSC), on 5 June, two people familiar with the development said. “The exchange has approvals from Registrar of Companies (RoC) in place. It has set up NSE IFSC Ltd Read More

Maruti Suzuki’s share hits Rs7,000-mark first time

By Selene 0
Mumbai: Shares of Maruti Suzuki India Ltd hit the Rs7,000 mark for the first time on Friday, stretching their gains to above 33% so far this year, as investors continued to buy the stock on hopes of sustainable strong sales. The stock touched a record high of Rs7,063 a share, gaining as much as 1.2%. Read More

Ashok Leyland ends FY17 well, transition to GST and BS-IV key

By Selene 0
Pressure to sell vehicles with old emission standards at March-end notwithstanding, Ashok Leyland Ltd exited the fiscal year 2017 (FY17) on a good note. Revenues net of excise duty grew 11% in the March quarter, better than Bloomberg consensus analysts’ estimate of 9.8%. Net profit at Rs476 crore is notably higher than Street estimates of Read More

The Trouble With Trump’s Uneven Approach to Transparency

By Rob 0
In January, Donald Trump and his lawyer Sheri Dillon held a press conference at which they laid out a plan for the president would distance himself from his businesses. Among the steps they presented was a means to address concerns that foreign governments and leaders may attempt to curry favor with the president by staying Read More