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IRCTC IPO subscribed 111.84 times

Receives bids for 225.46 crore shares




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Vishwaraj Sugar Inds IPO subscribed 1.12 times

Receives bids for 1.12 crore shares




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Vishwaraj Sugar Inds subscribed 1.12 times

Receives bids for 1.12 crore shares




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CSB Bank IPO subscribed over 4 times

Receives bids for 5.02 crore shares




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CSB Bank IPO subscribed over 86 times

Receives bids for 100.32 crore shares




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Ujjivan Small Finance Bank IPO subscribed 4.67 times

Receives bids for 57.92 crore shares




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Ujjivan Small Finance Bank IPO subscribed 165.55 times

Receives bids for 2,052.12 crore shares




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Prince Pipes and Fittings IPO subscribed 28%

Receives bids for 55.57 lakh shares




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Prince Pipes and Fittings IPO subscribed 74%

Receives bids for 1.45 crore shares




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Prince Pipes and Fittings IPO subscribed 2.21 times

Receives bids for 4.37 crore shares




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SBI Cards IPO subscribed over 15 times

Receives bids for 155.35 crore shares




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SBI Cards IPO subscribed over 22 times

Receives bids for 225.08 crore shares




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SBI Cards IPO subscribed 22.45 times

Receives bids for 225.09 crore shares




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Antony Waste Handling Cell IPO extends IPO, revises price band

Gets bids for 24.08 lakh shares by 17:00 IST on 9 March 2020




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Joe DiMaggio’s Streak (Predictably) Survives

Jackie Bradley Jr.'s bid to supplant Joe DiMaggio atop the Major League Baseball hit-streak list ended at 29 games. That's not surprising as many observers consider Joltin' Joe's streak the most difficult record to break in sports.




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Economists’ Enemy: Residual Seasonality

When seasonally adjusted numbers continue to exhibit the influences of seasonal effects, much as first-quarter readings on gross domestic product have regularly been doing, statisticians refer to it as residual seasonality. And that effect hampers seasoned economists from making clear-eyed judgments on the strength of the economy.




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Meet the Business Standard Fund Managers of the Year

Global uncertainties and weak corporate earnings are enough to give any fund manager the jitters




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Should Homeowners Ban Drones Over Their Property?

The increased use of personal and commercial drones is raising questions about where they should be permitted to fly, and who should make that decision. The FAA estimates drone sales will reach 7 million by 2020. Photo: John Weber for The Wall Street Journal




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A Gymnast's Death-Defying Leap to Success

Dipa Karmakar, the first female Indian gymnast to qualify for the Olympics, will be performing one of the sport's most dangerous and difficult moves in Brazil in August. Photo: Karan Deep Singh/The Wall Street Journal




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Women Hit Obstacles on the Way to the First Promotion

Men outnumber women nearly 2 to 1 on the first move up the management ladder. WSJ’s Vanessa Fuhrmans explains how this can hurt women right out of the gate.




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Women Are Less Likely to Delegate Than Men

Women are less likely to delegate than men and that might hurt their careers. WSJ's Michelle Ma explains why women have a harder time passing off work to others.




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Tale of 2 states: Maharashtra & Gujarat

Chief ministers promise ease of doing business and highlight industry-friendly policies




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Jharkhand attracts Rs 62k crore investment at Make in India Week

The state has signed MoU worth Rs 50,000 crore with Adani Group




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IRB Infra to sign concession agreement on Zozila pass by March

The scope of the project includes constructing approaches on NH-1 (Srinagar-Sonmarg-Gumri Road) on design, build, finance, operate and transfer (annuity) basis




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Govt to bring in law for construction vehicles industry

Motor Vehicles Act does not adequately address concerns of construction, mining and earth moving equipment makers




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Karnataka gets Rs 9,700-cr investment commitment at Make in India Week

Solar cell manufacturer First Solar is looking to setup a manufacturing unit with an investment of Rs 6,000 cr




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11 Maharashtra villages to pool land for integrated township

Villagers to form SPV for planning and development




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Infra woes mar Mumbai's chance to emerge as global financial hub

However, experts believe Mumbai for all practical purposes is already an International Financial Centre




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Single-table system to clear investment proposals faster: Shivraj Singh Chouhan

Interview with Chief Minister, Madhya Pradesh




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Govt sees 67% increase in disbursal through textile fund in 6 years

Eyes disbursal of Rs 30,000 crore under the Amended Technology Funds Scheme




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Make in India Week nets Rs 15.2 lakh crore investment commitments

Of the total commitments, 30% have come from foreign players




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Rs 15-lakh cr investment promises at Make in India

Maharashtra, which was the host state, alone received investment proposals of Rs 7.94 lakh cr and 3,294 MoUs




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Modi's $222-billion Make in India haul masks challenges to come

Right now, the campaign launched in 2014 is best known for its logo - a lion made of cogs - that has shown up on billboards from Hanover to San Francisco




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New textile policy to reap Chinese slowdown benefits

The textile sector employs, at present, 35 million people, and aims to double the number by 2022. The government is focusing on training youths in different skills to meet this target




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Foxconn delay leaves Maharashtra jittery

State worried over the delay as despite marathon meetings, several visits, the company is still conducting due diligence on various sites




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Make In India Week: Odisha bags Rs 70,959 cr investment commitments

Around Rs 30,000 crore investments are from the mineral sector while the rest are from areas like food processing, electronics, textiles and renewable energy




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CERC issues regulations achieve clean energy target, sound grid operations

Advises Centre to ask states to execute energy accounting & implement availability based tariff




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Make in India nudges RPG Group to invest at home

Currently, the $2.9 billion RPG Group earns 42 per cent of its revenue from overseas




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Rupee closes higher

At 76.3875/76.3900 per dollar




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Government Of India Announces Sale Of Three Dated Securities For Rs 19,000 crore

The government of India (GoI) has announced the sale (re-issue) of three dated securities for Rs 19000 crore. These include 6.18% GS 2024 9,000, 7.57% GS 2033 4,000 and 7.16% GS 2050 6,000. GoI will have the option to retain additional subscription up to Rs 2,000 crore each against any one or more of the above security. The sale will be subject to the terms and conditions spelt out in this notification (called 'Specific Notification'). The auction will be price based (for all securities), using multiple price method. Up to 5% of the notified amount of the sale of the stocks will be allotted to eligible individuals and Institutions as per the Scheme for Non-Competitive Bidding Facility in the Auction of Government Securities.




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RBI Announces Rs 50,000 Crore Special Liquidity Facility for Mutual Funds

Heightened volatility in capital markets in reaction to COVID-19 has imposed liquidity strains on mutual funds (MFs), which have intensified in the wake of redemption pressures related to closure of some debt MFs and potential contagious effects therefrom. The stress is, however, confined to the high-risk debt MF segment at this stage; the larger industry remains liquid. The RBI has stated that it remains vigilant and will take whatever steps are necessary to mitigate the economic impact of COVID-19 and preserve financial stability. With a view to easing liquidity pressures on MFs, it has been decided to open a special liquidity facility for mutual funds of Rs 50,000 crore.




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RBI Announces Rs 50,000 crore Special Liquidity Facility for Mutual Funds (SLF-MF)

Reserve Bank will review the timeline and amount, depending upon market conditions




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Firms Facing Hurdles In Movement Of Workers And Raw Materials In Commencing Operations: CII survey

The CII survey indicates that permits for enterprises, passes for workers and supply chain movement are the key hurdles for industry in exit from lockdown. For facilitating restart of economic activities, CII has suggested that in non-containment zones, businesses should be allowed to function without requirement of permits and only through intimation to local authorities. While state governments have mostly clearly communicated restart guidelines to businesses, firms are facing hurdles in movement of workers and raw materials in commencing operations. These are the findings of a nation-wide survey conducted by the Confederation of Indian Industry (CII).




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Procurement Of Wheat Progressing At Very Fast Pace In All Major States

Powered by Capital Market - Live News




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EPFO Settles About 13 Lakh Claims During Lockdown

Powered by Capital Market - Live News




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RBI Employees contribute ₹7.30 crore to PM CARES Fund

The employees of the Reserve Bank have decided to contribute one or more day's salary to the PM CARES Fund, in response to the call to support during the emergency situation. The total contribution from the employees amounting to ₹7.30 crore is being remitted to the PM CARES Fund. The COVID-19 pandemic and the related dislocation in normal economic activity has severely affected the economically weaker sections of the society and their means of livelihood. To help the people affected by any kind of emergency or distress situation, like the one posed by the COVID-19 pandemic, Government of India has set up a public charitable trust named Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) to receive contributions from various sources.




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Ministry of Chemicals and Fertilizers Reports Record Fertilizer Sales During Lockdown

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India signs $1.5 billion loan with ADB to support India's COVID-19 immediate response

The Government of India and the Asian Development Bank (ADB) signed a $1.5 billion loan that will support the government's response to the novel coronavirus disease (COVID-19) pandemic, focusing on immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections of the society, especially women and disadvantaged groups. Earlier, the ADB's Board of Directors approved the loan to provide budget support to the government to counter and mitigate the adverse health and socio-economic impact of the pandemic.




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Domestic Mineral Production Rises 10% Over Year In February 2020

The index of mineral production of mining and quarrying sector for the month of February, 2020 (Base: 2011-12=100) at 123.7, was 10.0% higher as compared to the level in the month of February, 2019. The cumulative growth for the period April- February, 2019-20 over the corresponding period of previous year has been (+) 1.9 percent. Mining & Mineral Statistics Division of Indian Bureau of Mines functions as the nodal agency for statistics on mineral sector and releases this information.




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It Is Time We Think Of An Efficient Exit Option From The Lock Down To Resume And Revive Economic Activities: Suresh Prabhu

While reopening economic activities, we need to keep in mind that the industry cannot be opened in isolation, the whole ecosystem along with the related supply chains needs to be revived and restarted, said Suresh Prabhu, Hon'ble Member of Parliament. We should follow the Chinese model of revival through specific geographical openings for economic activities in areas which are marked green and keeping the hotspot districts completely locked, till there is full containment in those areas, said Hon'ble Member of Parliament. This is the time India needs to take advantage of the crises and convert it into an opportunity, we set our National goal of getting Foreign Direct Investments to India and each citizen and all arms of the government must work towards this common goal with complete alignment of reforms, said Prabhu. Businesses are the most important part of the economy, as they are significant contributors to economic growth and progress, he said.