Wednesday 14 Aug '13The government is looking at giving the firms being asked to raise capital from abroad via quasi-sovereign bonds an extra cushion of comfort by providing immunity to currency risk involved in the exercise.
Tuesday 23 Jul '13The coal ministry has convened a meeting with trade unions on Tuesday for a last-ditch attempt to end the stalemate over the 10% stake sale in Coal India to raise about Rs 20,000 crore by March 2014
Tuesday 23 Jul '13The disinvestment department, in consultation with Goldman Sachs AMC, has appointed India Index Services & Products (IISL), a subsidiary of National Stock Exchange (NSE), as the index provider for the proposed CPSE exchange-traded fund (ETF).
Monday 22 Jul '13With barely two weeks left for all public sector companies to comply with market regulator Sebi’s minimum listing norms, the department of disinvestment (DoD) has an uphill task at hand.
Monday 17 Jun '13In an attempt to woo sovereign wealth funds (SWFs) and pension funds to India’s infrastructure debt funds (IDFs), the finance ministry is planning to set up a $300-million ‘feeder fund’ with the help of the UK government.
Saturday 01 Jun '13In a relief for banks funding R7-lakh-crore-worth infrastructure projects that have been stuck for clearances, Prime Minister Manmohan Singh has decided to hold a high-level meeting on Saturday to chalk out an action plan to help them achieve financial closure.
Friday 31 May '13Capital markets regulator Sebi and the finance ministry are planning to further ease the Know Your Customer (KYC) norms for foreign investors who already comply with the laws of their parent country having membership in the Financial Action Task Force (FATF). FATF is an inter-governmental body that sets global benchmarks on legislation to prevent terror funding and money-laundering.
Thursday 30 May '13The Jet-Etihad deal would get the Foreign Investment Promotion Board's (FIPB) nod only after the Centre notifies the new definition of “control” in a firm, which is in line with the new Companies Bill, sources in the finance ministry said.