Maintain buy on NTPC as the government allots previously de-allocated coal blocks to NTPC. We are reviewing our We maintain that NTPC should be able to achieve a 17%+ operating return on regulated equity (RoRE) under the new tariff regulations. At the current market price, the stock trades at FY16f 1.4x P/B (BPS of Rs 112.1) and 13.9x P/E (EPS of R11). As part of the ongoing coal block auctions/allotment, the government has notified the allotment of 37 coal blocks to central/state PSUs. While 43 coal blocks were envisaged to be allotted to central/state PSUs, the actual number is smaller.

SEBI has slapped Rs. 1 crore fine on one Sendhaji J. Thakor for failing to furnish information sought by the capital markets regulator in matters related to SEL Manufacturing.

Mr. Thakor failed to give necessary information including details of trading in the scrips of SEL, whether he was allotted any share of the company in the IPO (initial public offer) and copy of demat accounts among others sought by SEBI.

The Reserve Bank of India on Wednesday said entities, including Small Industries Development Bank of India (SIDBI) and Axis Bank, have applied for setting up an exchange-based trading platform to facilitate financing of bills.

Those who have applied to set up trade receivables discounting system (TReDS), include NSE Strategic Investment Corporation (NSIC) and SIDBI and Axis Bank, among others, the RBI said. Others include Mynd Solutions from Gurgaon, DICIC Bank of India from Kolkata, NSDL Database Management and Trade Receivables Exchange from the financial capital. The RBI had framed the final guidelines for TReDS in ecember last and had given time till March 9 for applications.

Mumbai: State Bank of India (SBI) will dilute its stake in its general insurance joint venture—SBI General Insurance—to 51% from 76% in favour of its existing partner Insurance Australia Group (IAG), the lender said in a notice to exchanges on Thursday.

The move comes after Parliament voted on 12 March to allow foreign investors to raise their stakes in domestic insurance joint ventures to 49% from the earlier permitted limit of 26%.

Mumbai, March 25: Tata Motors has fixed the price of ordinary shares at Rs 450 apiece and Class A shares at Rs 271 each for its Rs 7,500-crore rights issue, one of the largest in the domestic capital markets.

In its filing with the BSE today, the company said it would offer six shares for every 109 shares of both ordinary and Class A shares.

India Inc has been complaining of excessive tax demand. It seems the taxman is not sparing even the regulators now.

Capital markets regulator Securities and Exchange Board of India (Sebi) has been asked to furnish its fee income details earned since 2012 till date by the service tax department. The tax department had issued several notices to Sebi to share the details for assessment of service tax liability 2012 onwards. As per initial assessment by the tax department, Sebi's service tax liability will be more than Rs 500 crore.

Shares of public sector undertaking (PSU) banks were trading lower for the fifth straight trading session on the National Stock Exchange (NSE) with the CNX PSU Bank index hitting five-month low today.

At 1449 hours, CNX PSU Bank index, the largest loser among sectoral indices, was down 1.6% at 3,444 points compared with 0.15% fall in the CNX Nifty and a marginal 0.10% rise in Bank Nifty.

Tata Motors, India's biggest automaker, has secured board of directors approval for a Rs 7,500 crore rights issue to fund its on-going and future activities.

The Mumbai-based company will issue little over 150 million ordinary shares at Rs 450 per share.

NEW DELHI: The government on Tuesday allotted 38 coal mines, from the allotments earlier cancelled by the Supreme Court, to central and state public sector units (PSUs).

"The government has allotted 38 coal mines to central and state PSUs," Coal Secretary Anil Swarup announced here.

Microsoft is launching Azure App Service today, a new cloud-based service that gives developers a single service for building mobile and web apps, combined with tools for automating business processes across cloud services, and a new service for building and consuming APIs. All of these services revolve around Microsoft’s oft- (and over-) used mantra of “mobile first, cloud first.”

Not all of the tools that are part of this new package are new, though. Turns out, Microsoft built App Service on top of existing tools like Azure Websites, Mobile Services and Biztalk Services. Microsoft will migrate all existing Azure Websites users to the new package (for the same price).

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