HDFC Asset Management Company, the country's second largest mutual fund house, has fixed a price band of Rs 1,095-1,100 per share for its initial public offering (IPO), that hopes to garner up to Rs 2,800 crore.
The Life Insurance Corporation (LIC), which is set to acquire a controlling stake in IDBI Bank, wants to come in as a promoter and play a bigger role. The board of IDBI Bank on Tuesday decided to seek the government's response on LIC's proposal.
Solar power tariffs in the country could go up if the commerce ministry's proposal to slap 25 per cent import duty on solar cells shipped from China and Malaysia for the next two years is accepted by the government.
The 15th Finance Commission will exercise a balance between rewarding the performance of states and recognising the need for equity while deciding on the horizontal distribution of revenue among states.