Initial public offering Current Affairs, GK & News

GoM will decide PSU count in strategic sectors: DIPAM Secretary

Recently, the Department of Investment and Public Asset Management (DIPAM) stated that a panel of Ministers would take final decision regarding the number of public sector companies that will be retained in each of the strategic sectors. The panel of ministers will comprise of Nirmala Sitharaman, the Finance Minister and Nitin Gadkari, the Road Transport ..

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What is IPO?

Initial Public Offering (IPO) is also known as a stock market launch, is the first sale of shares by a private corporation to the individual and institutional investors. Through this process, a private company becomes or transforms into a public company. By launching a public share issuance IPO, a company raises capitals through public investors ..

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SEBI allows online subscription of bonds

SEBI gave its nod for online subscription of bonds.  Objective: To cut the timeline for completion of the process. In order to provide a mechanism to decrease the timelines of the issue process for public issue of debt securities, SEBI extends Application Supported by Blocked Amount (ASBA) facility to public issues. Currently ASBA is allowed ..

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RTI for NRIs made easier

Indians living abroad can now without difficulty hunt for information from public authorities in their home country via the RTI (Right to Information) Act. What was the problem for NRIs seeking information via RTI? The RBI had already previously permitted NRIs to purchase Indian Postal Orders (IPOs) via credit cards. Whilst Indian citizens living in ..

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