The accused identified as Mani Venkataraman, has been held from suburban Bandra, additional police commissioner Amitabh Gupta told PTI.
Private fund house Citigroup Global Markets (Mauritius) has hiked its stake in India Infoline, a stock brokerage firm, to 8.42 per cent after buying shares totaling Rs 1,424.17 crore through an open market transaction.
In a testimony to the intense competition that exists in the hiring market, India Infoline has poached four senior executives of global investment banking and brokerage service provider CLSA.
Retail investment advisory and intermediary company India Infoline on Tuesday said that it will double the number of its branches to 150 within the next 18 months.
Billionaire Gautam Adani-led group's power transmission unit has raised $1 billion through a share sale, the first public equity raise by the conglomerate since a damning Hindenburg report, which wiped away billions in shareholder value. Adani Energy Solutions Ltd raised the funds through a qualified institutional placement (QIP) issue, sources with direct knowledge of the matter said. The QIP, which opened on Tuesday, was oversubscribed three times with demand of about Rs 26,000 crore - making it the largest transaction in India's energy space.
Capital markets regulator Sebi on Tuesday barred five brokerage houses for up to six months from making fresh applications seeking registration as commodity brokers as they failed to meet 'fit and proper' criteria in the NSEL case. The affected brokerage houses include India Infoline Commodities, Anand Rathi Commodities and Geofin Comtrade (banned for 6 months each), and Phillip Commodities and Motilal Oswal Commodities Broker (for 3 months each). "There were enough red flags for a reasonable person to come to conclude that what was being offered as paired contracts on NSEL were not spot contract in commodities," Sebi said in five separate orders.
Aspirants banking on experience and domain knowledge of veterans
Country's central bank has been vocal on the build-up of the fiscal deficit.
With gold prices on the rise, financial institutions are trying different ways to attract the customer.
Bharti Airtel, which acquired the African operations of Zain Telecommunications last year, had a net debt of $13.4 billion at the end of the first quarter of the current financial year.
Do it if you are sure of generating sufficient trading volumes.
Giving a thumbs up to the Union Budget 2010-11, which has offered tax relief to common man, experts termed the proposals as balanced and good for the stock market.
While some companies, such as HSBC, have closed retail operations, big players such as India Infoline is scaling down.
In its investor presentation, IHH said it wanted to develop Fortis into a market leader.
Call it a revival of the information technology (IT) industry or increase in demand from non-IT sectors, office lease and sale transactions have picked up by 10 to 15 per cent in the past quarter.
Raman's hacking expertise is much in demand -- and not from criminal elements. Indian firms and multinationals like ABN Amro Bank, Aditya Birla Group, Bank of Maharashtra, Bombay Dyeing, HSBC, ICICI Bank, Indiabulls, Centurion BOP, Citibank, India Infoline, Ispat Industries and Kotak Group proactively seek his services. Raman's hacking expertise is much in demand -- and not from criminal elements.
Around 200 brokers are said to be involved in the scam; they have been summoned for questioning. Major brokerages questioned by the EoW so far include Anand Rathi, Motilal Oswal, India Infoline and Geojit Comtrade.
Some of the significant deals include private equity firm FMO's 14.48-million-dollar investment in Magma Leasing, Singapore based investment group Orient Global's 26.88-million-dollar investment in domestic brokerage firm India Infoline, ICICI Venture's $44.57-million investment in Centurion Bank of Punjab and French banking group BNP Baribas' 50.14-million-dollar investment in stock broking firm Geojit Financials.
Valuations of broking companies have halved since January 2008. Patient investors can start accumulating selective stocks with a long-term perspective.
Shares list at 21% premium over offer price of Rs 825.
The report further said steel demand to be driven by BRIC (Brazil, Russia, India and China) nations over the next two years. These countries, accounting for 41 per cent of global steel demand, will continue to see 12.8 and 11.1 per cent growth in demand in 2007 and 2008 respectively.
A new wave of e-trading in partnerships with private broking houses is getting popular with banks in recent times.
Nirmal Jain of India Infoline discusses his view on various stocks based on their earnings performance.
Few doubt that the markets are safe in the long run given the economy's growth path, it is in the short term that there are some fears.
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Reliance, Birla Group, Airtel eye small finance banks.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Fairfax Financial Holdings made three investments in a month
While 2017 was a record year for private equity investments in India after $23.5 billion in 660 deals, 2018 too has begun with a bang.
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The investment is through the asset manager's holding company IIFL Wealth Management Limited.
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At the close of trade, telecom stocks ended with as much as 4.3 per cent loss.
Airtel and Vodafone Idea are also trying to expand the penetration of 4G users in their subscriber base as they take this network to the hinterland
Uniparts India and PNC Infratech are the latest companies to file initial public offer papers.
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