Bandhan Bank shares to get listed on March 27 B

Mar 23 2018 | 1 mins ago

Shares of private lender Bandhan Bank would get listed on both the NSE and the BSE on March 27 after its IPO was oversubscribed by 14.6 times.

Springer confirms Turkey exit, as Erdogan ally gathers media asse

Mar 23 2018 | 2 mins ago

Springer said it would exit its investment in Dogan, confirming the long-planned move after Dogan’s parent began talks to sell its media interests to an ally of Erdogan

CBI books Jignesh Shah in fresh case

Mar 23 2018 | 6 mins ago

The CBI said it has registered a fresh case against former MCX MD Jignesh Shah for allegedly facilitating nationwide multi exchange status for the MCX.

Niki Lauda's new airline to cooperate with Lufthansa

Mar 23 2018 | 9 mins ago

Laudamotion will provide up to eight crewed aircraft to Lufthansa’s low-cost carrier Eurowings until the end of May, Niki Lauda’s repurchased carrier said.

IFCI sells further 0.17 percent stake in NSE for Rs 75 cr

Mar 23 2018 | 9 mins ago

Infrastructure term lender IFCI has further diluted its stake in NSE by selling 0.17 percent for Rs 75 crore.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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