Union Bank of India said it made 100 percent provision against Totem Infrastructure Limited fraud case, so there is no material impact on the lender.
Various details about AI disinvestment, including net worth criteria for the bidders, will be part of the EoI document, which is expected to be ready in a couple of wks.
Sebi imposed a penalty of Rs 1 crore on Rhine and Raavi Credits and Holdings and its three directors for failing to refund the money raised illegally from investors.
The commerce and industry ministry held consultations with various depts to resolve regulatory issues being faced by startups in the sectors such as e-pharmacy and UAV.
Honesty should be written into the DNA of taxmen, President Ram Nath Kovind said, addressing a group of trainee officers of the Indian Revenue Service (IRS).
The 7.17 percent 10-year benchmark bond maturing in 2028 climbed to Rs 97.34 from Rs 97.3225, while its yield held stable to 7.56 percent.
Investor wealth slumped by Rs 1.57 lakh cr, following heavy selling in the broader market where the BSE benchmark index tanked about 410 points to close at a 5-month low.
The BSE Sensex plunged by about 410 points while the Nifty crashed below the 10,000 mark for the 1st time this yr following a global sell-off due to fears of a trade war.
The BSE Sensex plunged by about 410 pts to close at a 5-month low while the Nifty crashed below the 10,000 mark following a global sell-off due to fears of a trade war.
Online travel firm MakeMyTrip said it has rolled out 'Pay Later' feature for travel payments which currently will be available to select users.
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
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