ICICI Prudential Life Insurance Company will hit the markets with its initial public offering (IPO) worth Rs 6,057 crore on September 19, the first by an insurer in India and also the biggest in six years.
The 30-share barometer fell by 258.84 points or 0.89 percent to 28,786.44 in early trade today.
TCS scrip Thursday plunged over 5 percent, knocking Rs 24,797 crore off its market valuation, as the company has warned that its financial sector clients in the US are holding back on discretionary spends, leading to a "sequential loss of momentum".
After taking over charge in Mumbai earlier this week, new Reserve Bank of India (RBI) Governor Urjit Patel called on Finance Minister Arun Jaitley here on Thursday for their first meeting.
Reserve Bank Governor Urjit Patel today called on Finance Minister Arun Jaitley here and is believed to have discussed the prevailing economic situation.
The benchmark BSE Sensex closed above 29,000-mark for the first in 17 months after rising 119 points Thursday on buying in auto and realty sectors, while IT stocks took a heavy beating following TCS' outlook warning.
CBDT has launched the ambitious 'e-nivaran' facility for online redressal of taxpayers' grievances related to refunds, ITRs and PAN among others as part of its initiative to reduce instances of harassment of the public when it comes to complaints related to the I-T department.
President Pranab Mukherjee today gave assent to Constitution Amendment Bill on Goods and Services Tax (GST), a major step towards rolling out the new indirect tax regime which the Modi government wants to come into effect from April 1 next year.
The BSE benchmark Sensex closed above the key 29,000-mark Thursday after 17 months by rising 119 points on value buying at lower levels.
Reliance Capital Asset Management's open-ended equity growth scheme, Reliance Growth Fund, has achieved a net asset value (NAV) of Rs 900.
Local search engine Just Dial on Thursday said it has got in-principle nod from the Reserve Bank of India (RBI) for launching its prepaid wallet.
IRB Infrastructure Developers Ltd said it has filed an application for an initial public offering of its infrastructure investment trust to raise up to 43 billion rupees ($647.20 million).
Mutual fund industry's asset base rose to a fresh all-time high of Rs 15.6 trillion at the end of August, helped by strong inflows in income and equity segments.
With an aim to give capital markets a big push, regulator Sebi is likely to ease out regulations for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), this month.
The rupee on Wednesday appreciated by 15 paise to close at four-month high of 66.37 against the US currency, extending its gaining spree for the sixth session in a row.
Country's largest lender State Bank of India has raised Rs 2,100 crore by allotting Basel III compliant perpetual bonds to Yes Bank.
According top priority to the implementation of GST, Finance Minister Arun Jaitley on Wednesday sounded confident on the tax rates coming down once the indirect taxation regime is put in place.
Stock markets continued their winning streak for the third straight session, with the BSE Sensex quoting above the crucial 29,000-mark by surging almost 90 points in early trade on Wednesday on widespread gains amid sustained foreign fund inflows.
The rupee on Tuesday soared by a whopping 30 paise to end near four-month high of 66.52 on sliding dollar value after weaker-than-expected US jobs data eased fears of an imminent rate hike by the Federal Reserve.
The total market valuation of BSE-listed companies today surged to a lifetime high of over Rs 112 lakh crore, driven by robust stock market sentiment.