PNB MetLife India Insurance Company has received market regulator Sebi's go-ahead to float an initial public offer (IPO).
Eight of the 10 most valued Indian firms together added Rs 1.69 lakh crore in market capitalisation last week, led by Tata Consultancy Services (TCS) and SBI.
Indian shares opened on a positive note as investors lauded a solid set of second-quarter earnings in large-cap companies such as ICICI Bank Ltd and Dr. Reddy’s Laboratories Ltd.
Five of the 10 most valued companies in the country together added Rs 31,381.39 crore in market valuation last week, with ITC topping the chart.
Three of the 10 most valued Indian companies together witnessed an erosion of Rs 1,07,026.12 crore in market capitalisation last week, with IT major TCS taking the biggest knock.
A weak broader market pulled down the combined market valuation of the top 10 most valued Indian companies by a whopping Rs 2,55,995 crore last week, with RIL taking the steepest hit.
The newly constituted board of the beleaguered IL&FS under the chairmanship of Uday Kotak may meet this week again to chalk out the future course of action to resolve the current financial crisis, according to a source.
Mumbai Congress president Sanjay Nirupam Thursday demanded a white paper on the debt-ridden Infrastructure Leasing & Financial Services (IL&FS) and questioned the credibility of the government-appointed board.
India’s Infrastructure Leasing & Financial Services (IL&FS), a debt-burdened infrastructure financing and construction company, has appointed Vineet Nayyar as its managing director, the company’s new Non-Executive Chairman Uday Kotak told.
A parliamentary panel chaired by Congress leader Veerappa Moily will meet in Mumbai on October 30 to discuss the developments in debt-ridden IL&FS and finalise a report within two months.