Hindustan Aeronautics
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Indian cos raised Rs 6 lakh crore from equity, debt markets in 2018; volatile market conditions brought down kitty by 30%
•Data shows the debt market remains the most preferred route for raising funds to support business needs of the corporate world.
Finance ministry shortlists 11 CPSEs for share buyback in the ongoing financial year
•As per the guidelines, CPSEs having net worth of at least Rs 2,000 crore and cash and bank balance of above Rs 1,000 crore have to mandatorily go in for share buyback.
Corporate India raises $3.8 bn through 19 IPOs during January-June this year: Grant Thornton report
•The biggest public issue was floated by Bandhan Bank, which raised $699 million followed by Hindustan Aeronautics ($661 million) and ICICI Securities Ltd ($618 million).
Fund-raising via initial public offerings almost doubles to Rs 23,670 crore in first half of 2018
•Most of the funds that have been raised are for business expansion plans, repayment of loans and to support working capital requirements
Hindustan Aeronautics launches Rs 4,230 cr public offer, issue opens on 16 March
•The public offer will see the company selling 34,107,525 equity shares of face value of Rs 10
Hindustan Aeronautics stock falls 5% against its issue price of Rs 1,215 in trading debut on bourses
•IPO of the Hindustan Aeronautics was open during 16-20 March and was subscribed 99 percent
Nirmala Sitharaman's statement on Rafale deal raises more questions than answers, says Sitaram Yechury
Ians •Sitaram Yechury on Saturday said defence minister Nirmala Sitharaman's media statement on Rafale has raised more questions than answers
US defence firms not ready to transfer tech, take on liability for damages under Make-in-India plan
•Lockheed has offered to shift its F-16 production line to India from Fort Worth, Texas, and make it the sole factory worldwide if India orders at least 100 single-engine fighters.
Samtel To Produce Avionics Display Systems For HAL
Fp Archives •The Multi-Functional Display (MFD) is a device that puts all aircraft-systems monitoring and flight planning functions at the pilot's fingertips.
IEL - HAL JV To Offer Engineering Services
Fp Archives •Infotech and Hindustan Aeronautics have formed a JV company to offer engineering services for the aerospace sector.