Jawed Habib files IPO application with SEBI to raise Rs 60 cr
Get link
Facebook
X
Pinterest
Email
Other Apps
Popular hair dresser Jawed Habib has approached market regulator SEBI to raise Rs 60 crore through a public issue to expand his flourishing business in India and abroad.
New Delhi: The party time seems suddenly over. Not only did food minister Sharad Pawar rule out implementing sugar sector decontrol anytime soon, but persistently nosediving prices over the last month have sharpened apprehensions within the sugar industry over Saturday's meeting oft the expert panel on ethanol headed by Plan panel member Dr Saumtira Chaudhury. The panel is authorised to come up with a long term formula for fixing the price of ethanol and to periodically review the formula but indications are that the price for ethanol will be lower than the interim price of Rs 27/litre fixed by the government. Current indications from officials are that ethanol price could be lower by upto Rs 2/litre comapred to the interim price. Panel head Dr Chaudhury is expected to circulate the final draft of his report to the stakeholders, including OMCs, the sugar, alcohol and chemcial industries, farmers groups and represent...
Mid-sixties was a period of severe economic and political stress. The monsoon had failed in 1965 and 1966 but revived well in 1967. Food grains production declined from 89 million tonnes in 196465 to 72 million tonnes in 196566. Industrial production was also down. Money supply was increasing at unprecedented rates. The budget deficit was high and the current account deficit was higher still. All these weak macro-economic indicators led to the devaluation of the rupee in 1966. The rupee was devalued by 36.5%. IG Patel, then economic advisor to the government, has an interesting narration of certain developments in relation to this major policy decision in his book Glimpses of Indian Economic Policy: An Insiders View , excerpts of which are reproduced in one of the volumes of RBIs history. He says how the war of 1965 with Pakistan had somewhat forced policy m...
MUMBAI: State-run Indian Overseas bank today reported a over two-fold growth in net profit at Rs 231.66 crore for the third quarter ended December 31, 2010. The bank had a net profit of Rs 101.70 crore in the October-December period of previous fiscal, IOB said in a filing to the Bombay Stock Exchange . Total income of the bank rose to Rs 3,452.86 crore in the third quarter, from Rs 2,828.65 crore in the same period last fiscal. Total business of the bank grew to Rs 2,25,191 crore at the end of December 2010, from Rs 1,85,656 crore in the year ago period. Interest income during the third quarter of current fiscal increased by 21 per cent to Rs 3,101 crore, from Rs 2,570 crore in the corresponding period last year. For the nine months ended December 31, the net profit of IOB rose 10.13 per c...
Comments