New Delhi, March 14: The government today fixed Rs 40 a share as the floor price for up to 10 per cent stake sale in aluminium major Nalco, which would fetch a minimum of Rs 1,031 crore. The offer for sale is scheduled to be held tomorrow through a special window on the Bombay Stock Exchange and National Stock Exchange.
New Delhi, March 14: The corporate affairs ministry has said companies can invest in tax-free bonds that carry interest rates higher than the prevailing bank rates. Ambiguity over a clause in the companies act — that disallows corporates from investing in tax-free bonds at an interest lower than the prevailing bank rate — hurt investments in tax-free bonds.
Mumbai, March 14: Coal India today informed the Bombay Stock Exchange that its board of directors had approved payment of an interim dividend for the 2012-13 fiscal at Rs 9.70 per share of the face value of Rs 10.
Mumbai, March 14: The Reserve Bank of India today allowed foreign institutional investors (FII) to offer their investments in government securities and corporate bonds as collateral to stock exchanges for derivatives transactions.
New Delhi, March 14: The Serious Fraud Investigation Office (SFIO) is developing an early warning system to detect frauds to strengthen its capabilities to crackdown on corporate wrongdoings.
New Delhi, March 14: The Centre has constituted a four-member committee headed by economic affairs secretary Arvind Mayaram for giving clear definitions to FDI and FII to remove ambiguity over the two types of foreign investments.
New Delhi, March 14: The government today expressed hope that Pakistan will move ahead with the proposal of granting MFN (most favoured nation) status to India after the elections in the neighbouring country.
