Global climate not conducive for 8-10% growth. It’s unlikely for India to get there, Sharma said.
This blog will bring you live updates from Day 2 of News18's first edition of the Rising India Summit.
In 2012, UCX was granted recognition as a multi-commodity exchange.
The industry as of now is generating USD 150 bn, with domestic market standing at USD 110 bn and exports USD 40 bn, Textile Commissioner Kavita Gupta said here.
The rupee today closed marginally down at 64.94 against the US currency due to continued foreign fund outflows, weak trade data and expectations of a rate hike by the US Federal Reserve.
Government bonds (G-Secs) rose smartly for the second day following renewed demand from corporates and banks, and the interbank call money rates too ended higher due to good demand from borrowing banks amid tight liquidity in the banking system.
The properties to go under the hammer include land parcels, office space and commercial premises across Maharashtra.
"Rural Electrification Corporation Ltd has launched an issue of USD 300,000,000 at 4.625 per cent. Notes will mature on March 22, 2028, and all the principal and interest payments will be made in US dollars," the company said in a regulatory filing.
The announcement comes weeks after the ruling party in Andhra Pradesh was at loggerheads with the Central government over the lack of funds given to the state at the time of the budget announcement.
The company will also sell 10.20 percent of its equity through an offer-for-sale route through the IPO and has fixed a price band of Rs 1,215-1,240 a share for the offer that will close on March 20.
The IPO to raise Rs 960 crore received bids for 2,92,42,115 shares against the total issue size of 2,24,51,953 shares, data available with the NSE till 1945 hrs showed.
The monetisation included the sale of six flats at Sterling Apartment, Mumbai to the State Bank of India with each of these flats fetching Rs 22 crore, Minister of State for Civil Aviation Jayant Sinha said in a written reply.
Oil rose on Thursday after early losses, supported by a pickup in equity markets, but limited by evidence that supply will overtake demand this year.
Bandhan Bank's Rs 4,473 crore initial public offer was subscribed 42 percent on the first day of bidding today. The portion reserved for qualified institutional buyers (QIBs) was oversubscribed 1.26 times, non institutional investors 1 per cent and retail investors 12 percent.
The tribunal was hearing a plea filed by Liberty House challenging the rejection its bid for Bhushan Power and Steel on account of late submission. Liberty House had moved the NCLT on February 26.
The IPO offers up to 2.54 crore equity shares of HDFC AMC through an offer for sale of 85.92 lakh shares by Housing Development Finance Corporation and up to 1.68 crore shares by Standard Life Investments, the company's draft red herring prospectus said.
The move will help entities engaged in forex transactions to maintain their currency risks in a better manner.
The proceeds of the issues, which will open on March 20 and close on March 22, will be utilised in expansion of the company's distribution network, setting up retail stores for parts and capex for solar business subsidiary, Benara Bearings and Pistons managing director Vivek Benara said today.
The top court said the meeting of representatives of Amrapali Group and the home buyers shall be held at the Supreme Court consultation room on March 17.
Though valuations of the home textile stocks appear undemanding, investors may consider going long on Himatsingka Seide and Trident given their ability to tackle headwinds better than their peers, good fundamentals, and strong execution competencies.
Interoperability will help lower trading costs and soften the impact of trading halts.
Rupee traded almost flat in most part of the day but fag-end dollar selling helped the local currency extend gains for the third day in a row.
The company has fixed a price band of Rs 87-90 per equity share for the issue that will open on March 21 and close on 23. The entire proceeds from share sale will go to government.
The company had produced 1.26 MT crude steel during the same period last year, it said in a statement.
Smaller towns contributed Rs 4.36 lakh crore to assets under management (AUM) of the mutual fund industry at the end of February 2018, over 41 percent higher than a year-ago period, said a report.