According to a release, the bank will issue 24,238,310 shares at a price of Rs 340.70 per share, and with a face value of Rs 10 for each share among five investors. It will raise Rs 8,25,79,92,217 from the issue.RBL Bank to raise Rs 825.79 crore through private placement of shares
According to a release, the bank will issue 24,238,310 shares at a price of Rs 340.70 per share, and with a face value of Rs 10 for each share among five investors. It will raise Rs 8,25,79,92,217 from the issue.
SEBI’s debt ETF norms comes with investment restrictions, exempts govt debt from regulations
A debt ETF is a collection basket of such corporate debt paper wherein the maturity duration of these bonds shall be close to each other.Chanda Kochhar moves Bombay HC against ICICI Bank, hearing on December 2
Reports said that Kochhar has moved the Bombay HC against ICICI Bank for ‘terminating’ her even though her request for an early retirement was accepted earlier.General insurers see 16% premium growth in April to October period
Health insurance companies saw a 34.3 percent year-on-year (YoY) growth in premium collection to Rs 7,192.17 crore, while the other general insurers (except specialist insurers) saw a 15.3 percent YoY growth to Rs 97,106.3 crore.China factory activity expands in November after 6-month losing streak
People#39;s Bank of China trimmed the interest rate it charges on funding to commercial lenders last week, to boost lending to credit-starved parts of the economy.Advertising for a job? Mention the CTC on offer
At a time when finding skilled talent is becoming increasingly difficult in the Indian market, disclosing approximate salary details at the time of advertising vacancies has become a requirement. Companies which decide not to, only end up missing out on qualified resources in the market.This week in Auto: Electric Vehicles to watch your moves, China moves ahead of India in two-wheeler race
Here is a complete look at all the major headlines in the automotive segment this weekIndia#39;s Bollywood, Hollywood box office collections for 2019 only Rs 400 crore away from Rs 5,000 crore milestone
Moreover, what would be interesting to see is whether on a standalone basis Bollywood manages to score Rs 4,000 crore, and Hollywood strikes the Rs 1,000 crore milestone in a single calendar year. Given the kind of collections that both industries have managed to churn out already, this pretty much looks quite possible.How to look for investment opportunities in this market
The contra investing stocks will take time to give returns but hopefully will stand out better on risk-adjusted return basis and absolute returns are also likely to be higher if one has the patience to hold.November auto sales likely to be mixed as commercial vehicle, 2-wheeler, tractor show fall
Nomura expects Maruti to report flat overall volumes due to better retails and leaner inventory than competitors.DHFL: RBI files insolvency application with NCLT
On November 20, RBI superseded DHFL’s board of directors and appointed former banker R Subramaniakumar as the Administrator.RBI files for insolvency proceedings against DHFL
On November 20, RBI superseded DHFL’s board of directors and appointed former banker R Subramaniakumar as the Administrator.Gotabaya Rajapaksa#39;s visit has potential to boost bilateral trade, investments with Sri Lanka: Assocham
Rajapaksa arrived here on Thursday on a three-day visit, his first overseas tour after taking over the reins of Sri Lanka 10 days back, a reflection of importance he attaches to ties with India.Double Your Income series: Growth or value? What can make you richer in this bull market
Markets never top because the smart guys are selling. Markets top when no more fools are eager to buy further.VA Tech Wabag bags orders worth Rs 1,477cr from UP govt
The Chennai-headquartered firm has bagged the Rs 1,477 crore contract on #39;one city, one operator#39; model and will operate, maintain and manage the system in both the cities for a period of 10 years, expandable for an additional period of five years, the company said in a statement.Following SC ruling, will be able to execute awards worth Rs 1,584cr: HCC
"Hindustan Construction Co Ltd (HCC) won a challenge in the Supreme Court of lndia for setting aside Section 87 of the Arbitration and Conciliation Act... In HCC#39;s case, the company will now be in a position to execute awards amounting to about Rs 1,584 crore which were impacted by Section 87," the construction firm said in a statement.Mukesh Ambani ranked 9th on Forbes#39; Real-Time Billionaires List, overtakes Alphabet#39;s Larry Page
At the start of the year, Ambani stood at the 13th on the Forbes 2019 rich list. He is now moved to nineth overtaking Alphabet CEO Larry Page.JPVL bondholders to meet on Dec 13 to finalise conversion of $200 mn FCCBs into equity shares
"Pursuant to the scheme of conversion of FCCBs into equity shares of the company, a meeting of the USD 200,000,000 5.0 per cent foreign currency convertible bondholders has been convened by the company on December 13, 2019," according to a BSE filing.NTPC#39;s 250 MW unit at Barauni power station becomes operational
With this, the total installed capacity of NTPC and NTPC Group has become 48,895 MW and 57,356 MW, respectively, a company statement said.Ola to cut staff count as it plans to go public: Report
The majority of cuts would be from the operations teamExclusive | Cipla leads race for Wockhardt#39;s business divisions
Wockhardt, wants to reduce its debt burden and is seeking a valuation between Rs 2,400-2,700 croreWill LIC be the white knight of disinvestments?
Being the largest institutional investor in the country, LIC is a prominent participant in the divestment process of government entities.Amid plans to go public, Ola to reduce staff strength: Report
The majority of cuts would be from the operations teamCivil aviation minister#39;s statement on Air India privatisation #39;highly damaging#39;: Employees#39; union
Civil Aviation minister Hardeep Singh Puri#39;s recent statement in Rajya Sabha that Air India will have to be closed down if not privatised is "highly damaging" and will have "massive financial implications" for the national carrier, an employees#39; union said.I-T dept conducts searches at 40 premises of Everest Spices
The company, which is located Mumbai’s suburbs, is come under the department’s scanner for indulging in bogus billingAditya Birla Finance becomes first company to list commercial papers on exchanges
The stock exchanges had on November 27 issued frameworks for the listing of CPs to improve investor#39;s participation in the securities.Govt may raise Rs 30K cr from THDCIL, NEEPCO, land sale in FY20
The land and stake sale is expected to be completed by FY20-endDilip Buildcon bags Rs 1,362cr road project in Uttar Pradesh
"The company has received the letter of acceptance (LoA)...from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for EPC project in the state," Dilip Buildcon said in a filing to BSE.ICRA downgrades Shapoorji Pallonji rating; outlook to negative
The developments come in the wake of reports about the Group exploring several options, including making Eureka Forbes public or selling stake in its engineering firm Forbes and Company to pay back the loans it had taken from the solar company Sterling Wilson Solar.Parth Jindal#39;s $8 billion ambition
The Jindal scion plans for the cements and paints businesses will change the very nature of the $14 billion JSW Group that his father Sajjan Jindal foundedBharti Airtel submits Rs 9,500cr bids for RCom assets
"Bharti Airtel seems to be the highest bidder with bids of around Rs 9,500 crore. However, the final result will be known on Friday after the committee of creditors (CoC) opens all the bids," the source said.HGS to sell India domestic CRM biz to Altruist India for Rs 40cr
"HGS intends to consolidate their product offerings and focus on high-margin/premium services...The amount of cash consideration for the transfer shall be approximately Rs 40 crores, subject to adjustments as amount or otherwise share per the definitive agreement," a BSE filing said.CCI gives a go ahead to Amazon to acquire 49% in future group-owned future coupons
Future Coupons is a subsidiary of Future Group, which owns 7.3 percent of Future Retail (owner of Big Bazaar brand), and through the deal, Amazon will own 3.58 percent stake in the brick-and-mortar retailer.Bank of Baroda raises Rs 1,650cr by issuing Basel-III compliant bonds
The bank issued 16,500 #39;8.70 percent unsecured subordinated fully paid-up additional tier 1 Basel-III non-convertible perpetual taxable bonds#39; with an issue size of Rs 1,650 crore, it said in a regulatory filing.Procter Gamble India sets up Rs 200cr environmental sustainability fund
Commenting on the initiative, PG Indian Subcontinent MD CEO Madhusudan Gopalan said environmental sustainability is a key pillar of the company#39;s citizenship efforts, and is embedded in its business strategy.Govt trying to revive BSNL, MTNL, make them profressional
Communications minister Ravi Shankar Prasad said a total of 79,000 employees of BSNL and 14,000 out of 20,000 employees of MTNL have applied for the VRS scheme which the government has come out with to reduce the employee cost in these PSUs which is currently very high as compared to the industry.Double Your Income series: How tracking the market helps
The higher returns are mostly accompanied with higher risks. This is why you need a counterbalancing force. In other words, you need the stability of large caps even if it comes at the expense of slightly lower returns.Unable to buy Limcee Vitamin-C tablets from medical stores? Blame it on China
When Kothari prodded his chemist, he told him that there is shortage of Rs 15 - Limcee pack in the market, and what he is offering is the reformulated version of Limcee, called Limcee Plus.Slowdown forces aggressive cost cuts at Tata Motors, co may offer VRS to 1,600 employees
The scheme will be offered to employees of different departments, across its businesses of passenger and commercial vehicles, sources saidNissan invests in production to prepare for electric age
Nissan Motor Co. Executive Vice President Hideyuki Sakamoto said Thursday that manufacturing methods must change because vehicles increasingly have both hybrid and electric engines and new parts for connectivity and artificial intelligence services.Rajiv Bajaj decodes the EV dilemma of two-wheeler manufacturers
Bajaj equated the electric vehicle conundrum with that of CNG adoption.Time for Infosys founders to move on - once and for all
When growth seemed to be slowing in June 2013, Narayana Murthy returned to the company along with his son Rohan despite promising that to keep his family away from the IT services company he built with six others. We know how this rescue mission ended.Karvy case | Lenders may approach SAT to access shares pledged by co
The lenders, five private banks and an NBFC, have a collective exposure of Rs 1,415 crore against these pledged sharesOFI Global China Fund acquires additional 1.37cr shares of ZEE
OFI Global China Fund LLC, which already holds 8.7 per cent stake in Zee Entertainment Enterprises Ltd, has acquired over 13,749,266 crore additional equity shares amounting to 1.431 per cent stake in the media company.ABB India gets NCLT nod for demerger of power grid business to APPSIL
"The Bengaluru Bench of the National Company Law Tribunal (NCLT) vide its order dated November 27, 2019 sanctioned the said Scheme involving the demerger of the power grids business of the company to APPSIL under the provisions of Sections 230 - 232 and other applicable provisions of the Companies Act, 2013," ABB India said in a regulatory filing.Warburg Pincus to raise up to $1.5 billion for first India-focused fund: Sources
Warburg plans finish fundraising on its India-focussed fund, which will target industrial sectors such as financial, manufacturing and consumer, by the first half of next year, said one of the people.OFI Global China Fund acquires additional 1.37cr shares of Zee Entertainment Enterprises
OFI Global China Fund LLC, which already holds 8.7 per cent stake in Zee Entertainment Enterprises Ltd, has acquired over 13,749,266 crore additional equity shares amounting to 1.431 per cent stake in the media company.Hero MotoCorp sets up interim council to oversee sales division after senior official quits
The interim council, comprising three key members of the leadership team at Hero MotoCorp, will be operational from December 13 to guide the SAS team to upgrade company#39;s entire inventory to BS-VI before the deadline of March 31, 2020, sources said.Zee Entertainment in SEBI, MCA crosshairs after exit of independent directors
According to a regulatory filing by Zee, Kumar and Vohra had raised concerns over several issues, which included discrepancies in spending CSR funds.Govt may limit Ola, Uber commissions at 10% of total fare; cap surge pricing
The government has also recommended capping surge pricing at a maximum of double the base fare. The guidelines also include a clause stating that not more than 10 percent of rides taken by a driver daily can be subject to surge pricing
Subscribe to:
Posts (Atom)
-
Huawei faces international scrutiny over its ties with the Chinese government and suspicion that Beijing could use Huawei#39;s technology f...
-
In July, HCL Technologies had announced a Rs 4,000 crore buyback programme for FY19 at a price of Rs 1,100 per equity share.
