Despite the call for large-scale disinvestment, PSUs continue to bail out the government.

The BSE SENSEX closed at 35,150.01, up by 190.29 points, or by 0.54 per cent and the NSE Nifty ended higher by 60.70 points, or 0.58 per cent, at 10,549.15.

Speaking to media Labour Minister Santosh Gangwar said, \"We have been told that SBI cannot work (as fund manager of the EPFO). We have not engaged (its arm) SBI Mutual Fund (as fund manager) because it was not there (as an applicant at the time of bidding) earlier.\"

Prime Minister Narendra Modi on November 2 announced that MSMEs can get loans up to Rs 1 crore in 59 minutes through a dedicated portal.

Prime Minister Narendra Modi on November 2 announced that MSMEs can get loans up to Rs 1 crore in 59 minutes through a dedicated portal.

Prime Minister Narendra Modi on November 2 announced that MSMEs can get loans up to Rs 1 crore in 59 minutes through a dedicated portal.

Prime Minister Narendra Modi on November 2 announced that MSMEs can get loans up to Rs 1 crore in 59 minutes through a dedicated portal.

Big names like Kotak Bank, ICICI Bank and others extended a credit line to IL&FS through non convertible debentures at attractive interest rates.

This trend is sector agnostic. Similarly, in renewable energy sector, the investors are keen on projects backed by the central agencies-with better credit rating-but banks are stepping back seeing the aggression.

India stands out on the global stage for fund raising through IPOs. The future looks promising too.

While the Sensex closed 442 points or 1.16% higher at 38,694 level, the Nifty ended the day at 11,691 level, rising 1.17% or 134 points. Meanwhile, the Sensex hit an all-time high of 38,736, Nifty rose to a record 11,700 level intra day. Of 30 Sensex stocks, 29 closed in the green.

During January-June this year, 18 companies have collectively raised Rs 23,670 crore through their respective IPOs, which is higher than Rs 12,000 crore garnered by 13 issuers in the first six months of 2017, according to an analysis of data available with the stock exchanges.

On Tuesday, the government launched the FFO of Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies. The issue received subscriptions from investors such as mutual funds houses, foreign portfolio investors (FPI), insurance and retirement funds.

ICICI Prudential Asset Management Company is managing the launch of Bharat 22 ETF which is being offered at 2.5% discount to all the investor categories.

Of these three dozen firms, most of these companies plan to utilise initial public offer (IPO) proceeds for business expansion as well as working capital requirements, as per the draft papers filed with the Securities and Exchange Board of India.