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| MCX IPO subscribed 91% on Day 1 |
 The Initial Public Offer of top commodity exchange MCX was subscribed 91 per cent on its first day today, as the first-ever IPO by an Indian bourse witnessed robust demand from retail as well as institutional investors. |
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| BCB Finance IPO opens on February 23 |
 Mumbai based non-banking finance company BCB Finance is entering capital market with a public issue of 35.4 lakh equity shares of face value of Rs 10 each on February 23, 2012. |
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| MCX IPO price band looks reasonable: Way2Wealth |
 Way2Wealth has come out with its research report on Multi Commodity Exchange of India (MCX) IPO. Research firm advised investors to subscribe the issue at upper end of price band of Rs 860-1032/share. |
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| MCX raises Rs 95.6 cr via anchor book |
| India's Multi Commodity Exchange (MCX) has raised about Rs 95.6 crore from 12 cornerstone investors, the company said, ahead of its initial public offering of shares that aims to raise as much as USD 134 million. |
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| IPO Scan: Multi Commodity Exchange of India |
 Crisil's "five on five" rating for MCX IPO makes mockery of IPO grading. If the price band was not available at the time of grading as Crisil claims, how could it assign the highest rating for the IPO? |
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| CRISIL assigns grade 3/5 to Varahi IPO |
| CRISIL Research has assigned a grade 3/5 to the proposed IPO of Varahi, which indicates that the fundamentals of the IPO are average relative to the other listed equity securities in India. |
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| CRISIL assigns grade 1/5 to Olympic Cards IPO |
| CRISIL Research has assigned a grade 1/5 to the proposed IPO of Olympic Cards, which indicates that the fundamentals of the IPO are poor relative to other listed equity securities in India. |
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| MCX IPO opens on Feb 22: Should you subscribe it? |
 Multi Commodity Exchange of India (MCX), country's largest commodity exchange, is set to open its initial public offer for subscription on February 22. This is India’s first exchange to hit the capital market, offering 64.27 lakh equity shares (dilution of 12.6% post issue) through issue. |
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| MCX IPO - Good investment opportunity: Aditya Birla Money |
| Aditya Birla Money has come out with its report on Multi Commodity Exchange (MCX) IPO. According to the research firm, it is a good investment opportunity to investors as company has strong parentage, good business model and robust growth prospects. |
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| Not given fresh loans to Kingfisher: SBI |
 State Bank of India , the country's top lender, has not given fresh loans to debt-crippled Kingfisher Airlines , an official said, denying reports that the state-owned creditor was close to offering a bailout loan package. |
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| Etisalat to exit India JV with DB promoters |
 Etisalat's Indian joint venture will shut down its mobile phone network after the country's top court ordered all telecoms licences issued under a scandal-tainted 2008 sale be revoked in four months, including those held by the UAE carrier's joint venture. |
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| Reliance Brands, Iconix form JV |
 Reliance Brands, part of Mukesh Ambani's Reliance Industries, has partnered with Iconix Brand Group to sell the US company's fashion and home brands in India. |
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| Govt notifies direct import of jet fuel |
 Meeting a key demand of the ash-strapped airline industry, the government today issued the notification allowing private airlines to import jet fuel
or ATF directly. |
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| Bank bailout for Kingfisher hangs in balance |
 Lenders to Kingfisher Airlines have not agreed to extend further loans to the debt-crippled carrier, three banking sources said on Wednesday after reports that State Bank of India (SBI) was close to offering a bailout loan package. |
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| Hero MotoCorp partners with Erik Buell |
 Hero MotoCorp, the world's largest two-wheeled vehicle manufacturer, said on Wednesday it had entered into a partnership with U.S. motorcycle company Erik Buell Racing (EBR). |
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| Draft Basel III provisions cushion liquidity shocks |
 To help banks tide over liquidity shocks, the RBI today came out with draft Basel III guidelines under which lenders will have to maintain a minimum amount of assets that can be encashed fast, and set up mechanisms to monitor risks. |
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| FY12 economic growth seen at 7.1%: Rangarajan |
 The rate of growth in financial year 11-12 is estimated at 7.1%, which is shade higher than advance GDP estimates of the CSO, said C Rangarajan, economic advisor to the Prime Minister. |
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| RBI wants banks to hold more liquid assets |
 The Reserve Bank of India said on Tuesday that banks need to maintain additional liquid assets as part of Basel III guidelines, over and above previously mandated levels. |
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| CPI data shows price pressures moderating |
 Indian consumer prices rose 7.65% in the year to January, higher than wholesale inflation for the period but still suggesting price pressures were moderating, adding weight to views that the RBI has room to cut interest rates. |
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| Exemption from I-T returns if salary not over Rs5 lakh/yr |
 Salaried employees earning up to Rs 5 lakh a year will not be required to file income tax returns from this year, says a Finance Ministry notification. There are about 85 lakh salaried persons in the country whose yearly income, including earnings from other sources like bank deposits, does not exceed Rs 5 lakh. |
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| Is the agriculture sector overcrowded? |
 Bulk of the employment in India is concentrated in the agriculture sector. In rural areas, agriculture constitutes up to 68% of the total rural employment. Approximately 81% female workers and 66% male workers in rural areas are engaged in agriculture. |
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| Unemployment rates very high in urban India: Report |
 Unemployment in India is not a straightforward issue that can be either estimated directly with a single measuring rod or addressed with a single policy initiative. Even if a person is not reported to be unemployed on a particular point of time, he/she may be actually unemployed/under employed. |
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| KFA flies higher on a likely Rs 1000 cr infusion from SBI |
 Kingfisher Airlines climbed 3% on news that its lenders might infuse Rs 1000 crore equity infusion into the ailing company. Though, there has been no official announcement on the same, sources say the development is likely by March. |
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| Indian system is arrogant, says Kapil Sibal |
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Telecom minister Kapil Sibal says there is little justice in allocation of natural resources and he will ensure that all decisions taken by his department, will protect the interest of consumers. In an exclusive chat with Bloomberg UTV, Sibal, who has just released a book called 'My World Within', reveals his mind on a whole host of issues, including what he calls an arrogance in the Indian judiciary.
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| Bears take over bulls on D-Street; Sensex, Nifty lose over 1% each |
| The benchmark indices took three trading sessions to gather momentum, but only one to crash down! Today, extending previous two sessions' gains, the key indices started off well in green. However, during the course of the day, the bourses fell below the equator and ended with major losses. |
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| Kingfisher heaves a sigh of relief after SBI comes to rescue |
| The cash strapped Kingfisher might have finally got some relief, after the state run bank, State Bank of India agreed to provide the airline with an aid of Rs 1,200 crore. In addition, the income tax department has also softened its stand and unfroze KFA's bank accounts as part of the bailout package for the loss-making carrier.
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| Telenor sends Unitech notice to dissolve agreement |
| Norwegian telecom giant Telenor has stepped up the fight against Unitech! It has sent a notice to Unitech to dissolve the agreement. Telenor has also sought government's permission for smooth transition of Uninor business into new company.
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| PMO to meet private power players today |
| Power sector will stay in focus today. The second meet between the PMO and private power developers will take place later today. The agenda of today's power meet will include mounting scarcity of coal, falling KG-D6 gas output and rising coal import costs. |
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| Iran offers India extra crude supplies, on revised terms |
| Iran has offered India extra crude supplies, but on revised terms. India continues to import oil from Iran despite international sanctions on the Middle East oil producer. Iran has made this move amidst tightening international sanctions, the effect of which it is seeing on its oil sales. |
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| MCX IPO opens today, offers 64.27 lakh equity shares |
| The country's biggest commodity exchange by turnover, Multi Commodity Exchange (MCX) will hit the capital market today with an estimated Rs 663 crore initial public offer (IPO). This would make MCX the country's first ever exchange to get listed and also makes it the first IPO this year. MCX share would be listed on the Bombay Stock Exchange.
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| IRDA versus LIC? |
| Even as government pushes insurance behemoth LIC to invest in PSU banks, insurance regulator Insurance Regulatory and Development Authority (IRDA) is clear on its standpoint - more than 10% investment in the company is a clear violation of IRDA regulation. So will this mean another long term battle with the regulator? |
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| Dalal Street witnesses subdued session; Sensex gains over 100 points |
| Today was a positive day for the benchmark indices. Amid all the volatilities, the market remained above the equator and ended in green. At close, the Bombay Stock Exchange's Sensex was at 18,428.61, up 139.26 points or 0.76%. The National Stock Exchange's Nifty shut shop at 5,599.20, higher by 34.90 points or 0.63%, from the previous close.
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| 'Vijay Mallya needs to be realistic!' |
| In an interview with Bloomberg UTV, Jitender Bhargava, Former Executive Director, Air India said that Kingfisher's problems have compounded on the back of a wrong business model. However, "Mallya is not willing to improve his business model." |
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| Indian system is arrogant, says Kapil Sibal |
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Telecom minister Kapil Sibal says there is little justice in allocation of natural resources and he will ensure that all decisions taken by his department, will protect the interest of consumers. In an exclusive chat with Bloomberg UTV, Sibal, who has just released a book called 'My World Within', reveals his mind on a whole host of issues, including what he calls an arrogance in the Indian judiciary.
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| Etisalat to shut shop in India |
| The Supreme Court judgment cancelling 122 licences has claimed another scalp. Etisalat has decided to shut its services in the country and is on its exit mode with its Indian partner DB Realty. |
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| Kingfisher heaves a sigh of relief after SBI comes to rescue |
| The cash strapped Kingfisher might have finally got some relief, after the state run bank, State Bank of India agreed to provide the airline with an aid of Rs 1,200 crore. In addition, the income tax department has also softened its stand and unfroze KFA's bank accounts as part of the bailout package for the loss-making carrier.
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| Telenor sends Unitech notice to dissolve agreement |
| Norwegian telecom giant Telenor has stepped up the fight against Unitech! It has sent a notice to Unitech to dissolve the agreement. Telenor has also sought government's permission for smooth transition of Uninor business into new company.
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| RIL's striking Naroda plant workers to meet Mukesh Ambani |
| Mukesh Ambani seems to be in trouble! The workers strike at RIL's Naroda textile plant has entered its 21st day, where workers have staged a rally in front of the plant and are expected to travel to Mumbai to meet Mukesh Ambani tomorrow. |
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| PMO to meet private power players today |
| Power sector will stay in focus today. The second meet between the PMO and private power developers will take place later today. The agenda of today's power meet will include mounting scarcity of coal, falling KG-D6 gas output and rising coal import costs. |
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| Iran offers India extra crude supplies, on revised terms |
| Iran has offered India extra crude supplies, but on revised terms. India continues to import oil from Iran despite international sanctions on the Middle East oil producer. Iran has made this move amidst tightening international sanctions, the effect of which it is seeing on its oil sales. |
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| IRDA versus LIC? |
| Even as government pushes insurance behemoth LIC to invest in PSU banks, insurance regulator Insurance Regulatory and Development Authority (IRDA) is clear on its standpoint - more than 10% investment in the company is a clear violation of IRDA regulation. So will this mean another long term battle with the regulator? |
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| Dalal Street witnesses subdued session; Sensex gains over 100 points |
| Today was a positive day for the benchmark indices. Amid all the volatilities, the market remained above the equator and ended in green. At close, the Bombay Stock Exchange's Sensex was at 18,428.61, up 139.26 points or 0.76%. The National Stock Exchange's Nifty shut shop at 5,599.20, higher by 34.90 points or 0.63%, from the previous close.
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| 'Vijay Mallya needs to be realistic!' |
| In an interview with Bloomberg UTV, Jitender Bhargava, Former Executive Director, Air India said that Kingfisher's problems have compounded on the back of a wrong business model. However, "Mallya is not willing to improve his business model." |
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| The 30 Sensex companies' Q3 scorecard |
| Third quarter earnings have come to an end. The average topline growth for the Sensex companies in Q3 was calculated to be 18.9%, while the average bottomline growth was 9%. |
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| Kingfisher outlook dims further on loan denial |
NEW DELHI/MUMBAI (Reuters) - State Bank of India, the country's top lender, has not extended further loans to debt-crippled Kingfisher Airlines, a bank official said, denying reports that the state-owned creditor was close to offering a lifeline. |
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| Etisalat India mobile phone JV to shut down operations |
NEW DELHI (Reuters) - United Arab Emirates telecom operator Etisalat on Wednesday said it would shut down the operations of its Indian joint venture, three weeks after the Supreme Court cancelled the affiliate's licence amid a corruption probe. |
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| Asian markets ease as focus moves to growth, oil prices |
TOKYO (Reuters) - Asian shares and the euro fell on Thursday on concerns about global growth driven by higher oil prices and data showing the euro zone may slip into recession, fanning fresh worries about Greece's debt restructuring challenges. |
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| Econet seeks $3.1 bln damages from Bharti Airtel |
LAGOS (Reuters) - South Africa-based Econet Wireless is seeking at least $3.1 billion in damages from Bharti Airtel in a dispute over ownership of Airtel Nigeria, according to a suit Econet said it had filed on Wednesday. |
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| Govt formally allows carriers to import jet fuel |
NEW DELHI (Reuters) - The government has formally allowed local airlines to import jet fuel directly, it said in a statement on Wednesday, in a major policy move expected to bring down costs for debt-laden carriers. |
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| Peugeot and GM in alliance talks - sources |
FRANKFURT/PARIS (Reuters) - General Motors Co and PSA Peugeot Citroen are discussing a manufacturing alliance designed to stem losses in Europe and lower production costs elsewhere, people with knowledge of the matter said. |
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| Winners, losers in Obama corporate tax plan |
WASHINGTON (Reuters) - The Obama administration on Wednesday proposed a plan to revamp the U.S. corporate tax system, slashing the top tax rate to 28 percent, while eliminating many loopholes that companies rely on to cut their taxes. |
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| Huge private debts pose bigger hurdle for euro zone |
LONDON (Reuters) - Away from the markets' fixation with the debts of Greece and other governments, concern is growing at the painfully slow progress Europe is making in tackling a much bigger mountain of corporate and household debt. |
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| Santarus, Depomed settle dispute with Lupin |
(Reuters) - Santarus Inc and Depomed Inc said they settled a patent dispute with generic drugmaker Lupin Ltd that will allow the Indian company to launch copycat version of their diabetes drug Glumetza by 2016. |
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| McConnell sets terms for debt ceiling vote |
| WASHINGTON - Setting the terms for increasing the government's borrowing capacity, the Senate's top Republican on Thursday called for cuts in the day-to-day budgets of government agencies as well as in long-term spending programs such as Medicare and Medi |
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| Props aplenty in Senate show on big oil tax breaks |
| WASHINGTON - The hearing was for verbally flogging oil company CEOs, and no senator bothered to pretend it was about making gasoline prices more affordable or helping the economy recover. Utah Sen. Orrin Hatch set the tone Thursday when he opened with a p |
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| U.S. intensifies drone aircraft attacks in Pakistan |
| ISLAMABAD/WASHINGTON (Reuters) - A U.S. drone aircraft fired missiles at militants in Pakistan on Thursday, killing eight of them, Pakistani officials said, as American officials vowed to press forward with such attacks after U.S. forces killed Osama bin |
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| IMF warns EU debt crisis may still spread to core |
| FRANKFURT/ATHENS (Reuters) - Despite bailouts for Greece, Ireland and Portugal, Europe's debt crisis may yet spread to core euro zone countries and emerging Eastern Europe, the International Monetary Fund said on Thursday. |
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| Obama urges companies to hire, studies housing moves |
| WASHINGTON (Reuters) - President Barack Obama urged businesses to "step up" and hire workers, pressing banks and other corporations to do more to help an economy that he said would take "several years" to recover fully |
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| Special report: The bin Laden kill plan |
| WASHINGTON (Reuters) - A pivotal moment in the long, tortuous quest to find Osama bin Laden came years before U.S. spy agencies discovered his hermetic compound in Abbottabad, Pakistan |
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Unicon Investment has come out with its report on Multi Commodity Exchange of India Ltd (MCX) IPO. The research firm recommended subscribing the issue with 15-20% upside for long term investors.
According to experts, investors should subscribe to the MCX IPO because of the growth potential of the company and the valuations it has.
The primary market is back with a bang with the Multi Commodity Exchange’s IPO which opens today, reports CNBC-TV18’s Varinder Bansal.
Mehta Equities has come out with its report on MCX IPO. As per the research firm one can subscribe for the IPO as its a good scrip to add to portfolio.
Altret Bio-tech, which engaged in cultivation of jatropha curcas plants, has filed draft red herring prospectus with SEBI for an initial public offering of Rs 27 crore.
The State Bank of India said on Wednesday that it had no plans of sanctioning fresh loans for the cash-strapped Kingfisher Airlines "at this point". 
Anil Ambani group firm Reliance Infratel (RITL) today approached telecom tribunal TDSAT, seeking to recover Rs 1,200 crore from Etisalat DB which had taken its telecom infrastructure on lease.
Top executives of private power companies, including Anil Ambani and Cyrus Mistry, today discussed various issues faced by the sector with the high- level panel headed by Prime Minister's Principal Secretary Pulok Chatterji.
The travel and tourism Industry in India is truly handicapped, says Madhavan Menon, Managing Director of Thomas Cook (India).
Econet Wireless is seeking at least USD 3.1 billion in damages from Bharti Airtel in a dispute over ownership of its subsidiary Airtel Nigeria, according to a suit filed on Wednesday.
CNBC-TV18 learns that Cairn India is currently evaluating opportunities in Uganda, where the government is likely to put on offer oil blocks next month. 
Abhijeet Power Ltd, an unlisted utility with an operational capacity of 246 MW, plans to raise Rs 5920 crore debt for a 1,320 MW coal-fired power project by March, a source close to the development said
The country's largest two-wheeler maker Hero MotoCorp today said it has entered into technology sourcing pact with US-based Erik Buell Racing as it looks to strengthen presence in the high-end bike segment.
In an interview to CNBC-TV18, JP Dua, chairman of Allahabad Bank says, he expects margins of more than 3.5% and a credit growth of around 18% for the full year.
Saumitra Chaudhuri, Member of the PMEAC says that action is required from the expenditure side too and not just revenue-side for fiscal consolidation.
Shubada Rao of Yes Bank tells CNBC-TV18 that upside risks to inflation still remains for our economy. She sees inflation coming in at 6-7%.
Ahead of the Budget, Union Finance Minister Pranab Mukherjee will meet senior Congress leaders on Thursday to seek their inputs for Budget proposals for 2012-13. 
The PMEAC report released today paints a rosy picture of the economy, but experts tell CNBC-TV18 that this may not actually be the case.
Finance Minister Pranab Mukherjee today expressed hope that indirect tax collection target of Rs 3.92 lakh crore for the current fiscal will be met despite the economic slowdown.
PMEAC expects India's economy is expected to grow an annual 7.1% in the current financial year that ends in March, and 7.5 to 8% in the next financial year.
The Reserve Bank of India (RBI) will consider a further reduction in banks' reserve requirements to help ease tight cash conditions, a deputy governor said.
Allahabad Bank is going to consider issue of equity shares on preferential basis today, reports CNBC-TV18.
Lanco Infratech is in talks with 2 firms to part sell in its power business, reports Business Standard.
ILandFS Investment Managers may buy out Hershey's 51% stake in its JV with the Godrej Group, reports The Economic Times.
Development Credit Bank (DCB) QIP issue is going to open on February 27. The floor price for the issue is at Rs 47.84 per share, reports CNBC-TV18.
MIC Electronics will consider further issue of preferential shares on February 27, reports CNBC-TV18.
Jubilant Life Sciences arm has got 4 orders worth USD 90 million, reports CNBC-TV18.
Tata Communications will announce the biggest partnership to date tomorrow, reports CNBC-TV18.
Reliance Industries (RIL) has signed joint venture with Russian Petchem firm Sibur for a rubber facility with 1 lakh tonnes capacity, reports CNBC-TV18.
The Empowered Group of Ministers (EGoM) is likely to consider disinvestment in Oil and Natural Gas Corporation (ONGC) on February 24, reports CNBC-TV18.
UCO Bank will allot 3.14 crore equity shares to LIC on preferential basis, reports CNBC-TV18.
Mphasis is likely to announce buyback soon, reports CNBC-TV18, quoting sources.
Raj Television Network has entered into agreement with TN Cable Network-Arasu cable. The company expects additional subscription revenue from pay channel segment, reports CNBC-TV18.
Larsen and Toubro (LT) is in strategic pact with UK-based Cyan Holdings, reports CNBC-TV18.
HCL Infosystems has got order worth Rs 278 crore from Electronics Corp, reports CNBC-TV18.