INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty futures on the Singapore Exchange were trading 85 points, or 0.79 per cent, higher at 10,800, indicating a gap-up start for
Credits, the holding companies for the family of Yes Bank cofounder Rana Kapoor, stumped up at least Rs 700 crore in cash collateral over
the past few days to Franklin Templeton MF and Reliance MF to avoid breach of covenants on non-convertible debentures
TCS: The IT major has acquired the business of BridgePoint Group, LLC, a US management consulting firm catering to the financial services
industry.
Tata Communications: The Tata Group is believed to have dropped plans for group company Tata Communications to buy out sister
the delivery commissioning of a new production line for Specialised Polyester (BOPET) Film by 8-10 quarters.
GSK Consumer, Hindustan
ending nearly a year-long contest for Horlicks, the popular malted drink brand in India, according to a person with direct knowledge of the
matter.
Vedanta: The three-member committee, set up by the National Green Tribunal (NGT) to decide on reopening the Vedanta-owned Sterlite
decision to close the plant violated the principles of natural justice, it stated.
Mawana Sugars: has approved the proposal of availment of
the soft loan of Rs.146 Crore granted by Uttar Pradesh Co-operative Bank to clear the outstanding dues of the farmers for the crushing
season 2017-18 to its units Mawana Sugars Works and Nanglamal Sugar Complex as required by the state government of Uttar Pradesh
Bharat Financial Inclusion: The company has assigned assigned a pool of receivables of an aggregate value of Rs
827.76 crore to one of the largest private sector banks on a direct assignment basis as per the guidelines prescribed by the Reserve Bank of
With this transaction, the Company has completed Direct Assignment transactions worth Rs
2,181.75 crore in FY 19.
RBL Bank: Kotak Institutional Equities has downgraded RBL Bank to sell from add with a target price of Rs 500
It said strong price performance of 20 per cent since its last upgrade leaves limited room to remain positive on the bank at current
price.
PNB: State-owned Punjab National Bank Wednesday said it will raise Rs 539.50 crore by issuing 10 crore equity shares to its employees
under staff stock purchase scheme.
SpiceJet: The Airports Authority of India served a notice to Ajay Singh-controlled budget carrier
SpiceJet to pay up to Rs 20 crore by November 30 to partially clear its dues, an AAI source said.
Bhushan Steel: The company has been
renamed as Tata Steel BSL Ltd following an approval from the Centre for the change in its name, the steel maker said.
SBI: The country's
largest lender State Bank of India Wednesday increased the fixed deposit rates by up to 10 basis points or 0.10 per cent to 6.80 per cent on
