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ADR PROCEEDINGS
SC declines to stay new EC appointments under 2023 law, sets hearing for March 21The Supreme Court declined to halt the appointments of new election commissioners under a 2023 law, excluding the chief justice of India fr...
Contempt plea in SC against SBI for poll bonds data 'delay'The Association for Democratic Reforms has asked the Supreme Court to start contempt proceedings against the State Bank of India for not re...
Smartkarma Research: Tata Motors (TTM) to delist ADSs: Details & potential tradesAs the company mentioned, the number of Tata Motors ADR (TTM US) ADS outstanding has decreased over the last few years. At over 10% of shar...
View: Effective arbitration process can make India a sought after business destinationAs an autonomous institution, NDIAC will aim to make India the hub for arbitration matters.
File affidavit on powers to regulate expenditure by parties: Delhi HC to Election CommissionThe high court had earlier asked the EC whether it is powerless to take action against political parties which do not comply with its instr...
HDFC Bank to raise Rs 15,500 crore, fixes floor price for QIPThe board fixed the floor price for the QIP at Rs 2,179.13 per share, HDFC Bank said.
HDFC Bank sets Rs 1,061 as floor price for share offerHDFC Bank is expected to raise at least Rs 2,000 cr through the QIP offering and Rs 8,500 cr through ADR offering, it said.
HDFC Bank raises close to Rs 10,000 croreThe bank has plans to raise Rs 2,400 crore from QIP and the rest from ADRs, but sources said the composition got changed after the sale beg...
Government looking to notify Liberal Depository Receipt schemeThe scheme, based on recommendations of MS Sahoo panel would allow overseas issuances of depository receipts with underlying debt by listed...
Finance ministry may allow ADR/GDR issuance for debtIndia is readying a big overhaul of norms governing overseas fund raising that will allow local firms and institutions access to the entire...
Suzlon Energy plans to raise up to Rs 5,000 croreWind turbine maker Suzlon Energy will seek shareholders' approval to raise up to Rs 5,000 crore through issue of securities.
- Ramalinga Raju diverted $41 million from ADRs
Even as the CBI probes funds diversion by disgraced Satyam founder B Ramalinga Raju, the restated accounts presented by Mahindra Satyam hav...
- Tata Power to mop up $300 mn via FCCB issue
The country’s largest private power utility Tata Power Company on Friday launched a bond issue to raise $300 million (around Rs 1,410 crore...
- 'US lawsuits make new owners, board liable’
Besides, new board, new CEO, new CFO & co that may buy Satyam may not be immune from liabilities arising from lawsuits. The Fall of Satyam
- RBI may hike overseas direct investment limit for Indian firms & individuals
RBI may enhance the overseas direct investment limit for Indian cos and individuals to 250% of their net worth. India Inc's hotshots
- Sponsored ADR issues no longer require CCEA nod
The Cabinet Committee on Economic Affairs (CCEA) nod is no longer required for sponsored ADR issues with proceeds going to existing shareho...
- No immediate impact of new forex norms: MF honchos
Easing of capital account convertibility norms, announced at the Pravasi Bharati Divas by finance minister Jaswant Singh, has got the mutua...