Reviving the BSE

Although an initial public offering (IPO) from the Bombay Stock Exchange (BSE) doesn’t look imminent, its investors are a lot more upbeat about the initial actions of Madhu Kannan, the new chief executive officer. For the first time ever, the BSE has a senior management team whose combined international experience surpasses that of any other bourse or even the regulator. The team comprises...

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  • FIPB defers decision on UB's proposal to raise Rs7.08 billion
    The Foreign Investment Promotion Board (FIPB) has once again deferred its decision on UB Group's proposal to raise Rs7.08 billion through convertible warrants. This is also because the department of revenue (DoR) has not supported it and the department of industrial policy and promotion (DIPP) is still examining it, reports PTI.

    According to highly placed sources, while DoR has not...

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  • Just $23,148,855,308,184,500 for a pack of cigarettes!
    Imagine buying a pack of cigarettes or eating out at a restaurant and being charged $23,148,855,308,184,500 i.e. $23 quadrillion for it on the credit card.

    This shocking incident came true for New Hampshire's Josh Muszynski and North Texas's Jon Seale when the 17-digit amount appeared on their credit card statements, reports PTI.

    Muszynski swiped his card at a gas station to buy a...

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