Edelweiss chairman denies dealings with Capstone, FEMA violations charge; says company will cooperate with investigation
The company will take appropriate legal action against the concerned media group in order to protect and reinforce the reputation of Edelweiss, he added.
Edelweiss Financial Services on Thursday said it is in discussions with a few strategic investors to off-load part of its stake in its wealth business
Edelweiss, however, did not provide details about the quantum of stake sale and price.
Anil Ambani-led Reliance Group reaches standstill pact with lenders, no sale of pledged shares till September
Reliance Group will pay the principal and interest amounts to the lenders as per the scheduled due dates
Edelweiss group firm Ecap Equities Ltd bought 16.5 lakh shares worth over Rs 87 crore while Edelweiss special opportunities fund purchased 40.43 lakh shares valuing Rs 212 crore.
The study stressed that incentive structure has to be introduced for banks where 100 per cent debt is sold to ARCs.
Pricing power will continue to elude telcos even after the market has finished this round of consolidation, as cheaper data and free voice by RJio has set the benchmark for further cuts
Patel, a deputy governor since 2013, had been known within the RBI as reserved. He is widely regarded as having the professional and academic credentials to succeed, but the governor's role also involves communicating, some bankers say.
With multiple exotic bikes on offer, the tours range from a few hours to 14 days
Siddhartha, the main promoter as well as chairman and MD, holds 54.78 percent stake in Coffee Day.
In what could act as a further flashpoint for equities that appear to have run into nervousness of late, most analysts have muted expectations from the set of third-quarter earnings India Inc will start reporting from tomorrow.
FTIL sold its entire five per cent stake in MCX-SX stock exchange for Rs 88.41 crore.
Fund houses are upbeat about an even better performance in 2014 on account of various measures initiated by market regulator Sebi as well as plans of individual players to expand the distribution network across the country.
RBI is currently in the process of shortlisting applicants for new banking licenses, for which 25 entities including those belonging to large corporate houses like Anil Ambani-led Reliance Group, Aditya Birla Group, Bajaj, L&T and Religare groups are in the fray.
US market regulator SEC has charged four Indian brokerages-Ambit Capital, Edelweiss, JM Financial and Motilal Oswal -for providing unauthorised broking services.
company's performance depends on how the CEO steers it and is tied to his/her performance. As a CEO's pay is proportionate to the company's income, it is only fair that when the going gets tough, the CEO should take a pay-cut.
On segment basis, the company registered a revenue of Rs 276 crore from interest and treasury income, accounting for 73 percent of the total income.