SBI Capital Markets News

HAL had revenue of Rs 179.52 billion (USD 2.74 billion) and a net profit of Rs 26.25 billion for the year ended last March, the filing showed.

Shares of the company are proposed to be listed on BSE and NSE.

Capital markets regulator Sebi will auction a property owned by Sahara in Uttarakhand, for a total reserve price of little over Rs 223 crore, on July 28, as part of the process to recover funds from the beleaguered group.

Steel Authority of India (SAIL) had in February invited proposal for engagement of the transaction officer.

Taking its experience in selling properties of Sahara and PACL for Sebi a step further, real estate advisory firm HDFC Realty is considering helping banks sell properties of defaulters and recover loans.

Government will kickstart overseas roadshows from Monday to gauge investor appetite for the Rs 4,000 crore NMDC stake sale.

Tasked by markets regulator Sebi to sell land parcels of Saharas, HDFC Realty and SBI Capital Markets have initiated the process for e-auctioning 61 properties owned by the beleaguered group across the country.

Debt-laden Essar Steel on Tuesday said its promoters have assured the Joint Lenders Forum (JLF) that they will infuse additional funds in the firm to support its operations and "improve capital structure".

Adani Ports and Special Economic Zone is marketing a five-year US dollar bond to yield around 210bp over US Treasuries.

Gupta replaces Rajnish Kumar, who has been elevated as Managing Director - Compliance and Risk, State Bank of India.

The government has asked SBI Capital Markets to review Air India's Turnaround Plan (TAP) and submit a report to it within three months, a move which comes following "drastic changes" in the ground situation in the last three years.

Finance Ministry is likely to finalise on Thursday a merchant banker and a legal adviser for sale of government's 10 percent equity in MOIL which may fetch Rs 500 crore to the exchequer.

SBI's merger with its subsidiaries would be good for the company but additional capital would be needed for it, a top official said on Saturday.

The Finance Ministry has appointed SBI Capital Markets to undertake a study on mergers as well as recapitalisation of state-owned banks and the report is likely to be finalised within a month.