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Reliance to challenge Sebi ban mulls over legal course

India Infoline News Service / 16:59, Mar 26, 2017

Sebi- Reliance Industries face-off takes a new turn as Reliance Industries decides to take the legal course to challenge the Sebi’s ban. In a statement Reliance, Industries said that they will challenge the slapped charges. In a ten-year-old legal battle, Sebi has decided to bar Reliance Industries and 12 other equity derivatives trading for a year.

Stock Market News

Fund raising via IPOs hit 6 years high in FY17

India Infoline News Service / 15:43, Mar 26, 2017

Initial Public Offers (IPO) route for capital mobilisation has hit a six-year high in 2016-17. A total of Rs 28,220 crore has been raised by 25 companies collectively, which is the highest since 2010-2011.

Economy News

Finance Ministry meets bankers; seeks opinion on SDF

India Infoline News Service / 10:00, Mar 26, 2017

The Finance Ministry, on Friday, held a meeting with bankers to mull over the issue of excess liquidity in the economic cycle, and its channelisation.

Business News

Paytm looks to dominate the travel category; Over 10 mn travel tickets booked

India Infoline News Service / 12:24, Feb 13, 2017

Paytm now offers the complete range of travel bookings that include air, bus, train tickets and hotel bookings. The company has also emerged as India’s biggest private B2C player in train tickets segment within months of launch.

IPO News

Cochin Shipyard to launch its IPO

India Infoline News Service / 18:06, Mar 24, 2017

The biggest public sector shipyard in India in terms of dock capacity is all set to launch its IPO. Cochin Shipyard has already filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI seeking nod for its IPO.

MF News

Reliance CPSE ETF FFO 2 oversubscribed by 3.7 times on March 17

India Infoline News Service / 09:47, Mar 18, 2017

Reliance Capital Asset Management Co., managed Central Public Sector Enterprises Exchange Traded Fund, got oversubscribed over 3.7 times on the last day i.e. on March 17, 2017.

Global News

Mexico suspends sugar export permits to US

India Infoline News Service / 14:17, Mar 08, 2017

Mexico sugar chamber has suspended the sugar export permits of mills for exports to the United States.

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