ICICI Prudential Asset Management Company on Monday set the price band for its much-awaited public issue, putting a valuation of about Rs 1.07 lakh crore on the fund house as it prepares to tap the capital markets later this week.The Rs 10,602-crore initial public offering will open for subscription on December 12 and close on…
India’s foreign exchange reserves fell by $1.877 billion to $686.227 billion for the week ended November 28, the Reserve Bank of India (RBI) said on Friday. The decline comes after a sharper $4.472 billion drop in the previous reporting week, when overall reserves slipped to $688.104 billion, PTI reported.According to RBI data, foreign currency assets…
India will continue to import crude oil from countries where it is available at the most competitive prices and of suitable quality, while factoring in geopolitical conditions and avoiding sanctioned sources, the government told a parliamentary panel on Tuesday.Senior officials from the ministries of external affairs and commerce conveyed this position to the Parliamentary Standing…
NEW DELHI: Opposition MPs at a parliamentary committee meeting on Wednesday questioned PM Narendra Modi’s visit to Israel days before its, along with the US, attack on Iran and govt’s “silence” on the killing of the Islamic country’s supreme leader as the ministry of external affairs briefed the panel on safety and security of the…
Air passengers can now cancel or modify their tickets without paying additional charges within 48 hours of booking, subject to certain conditions, after the Directorate General of Civil Aviation (DGCA) revised refund norms. Under the amended civil aviation requirements (CAR) for ‘Refund of Airline Tickets to Passengers of Public Transport Undertakings’, airlines have also been…
