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Deadline to submit Reliance Capital resolution plans extended till June 30
NEW DELHI: Lenders have agreed to extend the last date to submit bids for the resolution of debt-ridden Reliance Capital Ltd by a month till June 30 as bidders have given cold response so far, sources said.
Committee of Creditors (CoC)…
BharatPe sacks staff, vendors; to claw back shares from Ashneer Grover
Payments startup BharatPe, which has been witnessing a tussle between promoters and investors, on Tuesday said it has decided to claw back former founder Ashneer Grover’s restricted shares in the company. It has also terminated several…
HDFC Bank, BoM, Karur Vysya hike lending rates
HDFC Bank said it has raised its marginal cost of funds-based lending rate (MCLR) by 25 basis points (bps) across tenors, with effect from May 7.
The overnight MCLR at HDFC Bank now stands at 7.15 per cent, the one-month rate is at 7.2…
Platforms to pay news publishers for content: Canada legislation
Canada has issued a legislation to compel platforms such as Google and Facebook to negotiate commercial deals and pay news publishers for their content. According to newspaper industry sources, the Canadian legislation is expected to…
Foreign investors shun LIC IPO over market risks
Foreign institutional investors have on the whole steered clear of India’s biggest share sale, deeming it too expensive given currency risks and the global market backdrop.
With just hours to go until the end of the subscription period…
Campus Activewear makes a strong debut, lists at over 23% premium over issue price
Campus Activewear share price: Shares of athleisure footwear company Campus Activewear debuted on a strong note and got listed at a premium of over 23 per cent from their issue price in the stock exchanges today.
The scrip got listed at…
Markets continue to slump amid weak global trends; Sensex tanks 365 points
Benchmark indices continued to remain under pressure on Monday, with the Sensex tumbling nearly 365 points following a sell-off in global markets and decline in shares of index major Reliance Industries.
Unabated foreign fund outflows…
Musk’s Twitter deal at risk of being repriced lower – Hindenburg
Short-seller Hindenburg Research warned on Monday that Elon Musk’s $44-billion deal to take Twitter Inc private could get repriced lower if the Silicon Valley billionaire walked away from the deal.
“Musk holds all the cards here,”…
LIC issue subscribed nearly 3 times, Govt goes GaGa !
New Delhi, May 9: Terming the mega initial public offering (IPO) of Life Insurance Corporation (LIC) as a tremendous success, the government on Monday said the issue was lifted predominantly by domestic investors which reflected the…
LIC IPO: Total issue subscribed 1.38 times on Day 3
LIC IPO Open Live News Updates: The initial public offering (IPO) of Life Insurance Corporation of India (LIC), the country’s biggest life insurer, was subscribed 1.38 times so far on the third day of bidding. The issue had got fully…
Sensex crashes 867 points, Nifty settles below 16,450-mark amid weak global cues
Stock Market Today, Share Market Updates: The benchmark equity indices on the BSE and National Stock Exchange (NSE) settled over 1.5 per cent lower on Friday tracking weakness in the global market as investors fretted that fast-paced…
Axis AMC suspends two fund managers for front-running
Axis Asset Management Company, the mutual fund promoted by Axis Bank, has suspended two of its fund managers for alleged irregularities suspected to involve several crores of rupees, including front-running transactions on their personal…
5th largest IT co in the making: L&T Infotech, Mindtree set to merge
Mindtree Ltd and Larsen & Toubro Infotech Ltd (LTI), two technology companies in the Larsen & Toubro group, have decided to merge, creating India’s fifth largest IT firm, with a combined market valuation of Rs 136,000 crore.…
Rupee down 66 paise against USD
Mumbai, May 6: The Rupee on Friday dropped 66 paise to close at 76.91 against the USD on brisk selling of US Dollar by bankers and exporters, dealers at the Foreign Exchange said. The local unit that fell 47 paise to 76.72 in early…
Half of BSES consumers got no power bill since 2019
Over half of the people who are supplied power by BSES in Delhi did not pay any power bills since the Delhi government’s scheme that gives free power to those consuming less than 200 units of power per month was implemented.
According to…
Frontline Railway Staff trained under Mission Rail Karmayogi
New Delhi, May 5: Over 51,000 frontline Railway Staff have been trained under Mission Rail Karmayogi. The objective is to transform the outlook of the Frontline staff by providing citizen centric training- firstly helping them develop…
LIC IPO: Day 1, 67% booked, employees and policyholders oversubscribe quota
The mega initial public offering (IPO) of Life Insurance Corporation (LIC) received a strong response from investors with 67 per cent of the shares getting sold out on Wednesday, the first day of bidding, despite the stock market plunging…
Edible oil supply affected but have enough stock: Food Secy
With edible oil prices continuing on the higher side amid Indonesia banning the palm oil exports, Union Food Secretary Sudhanshu Pandey on Wednesday said that the scenario can’t change overnight as “it’s a reality that supplies from some…
Inflation finally hits RBI, pushes it to raise key policy rate, sudden and sharp
BRINGING AN end to the low interest rate regime, the Reserve Bank of India (RBI) on Wednesday jacked up the Repo rate, the main policy rate, by 40 basis points to 4.40 per cent and the cash reserve ratio (CRR) by 50 basis points to 4.50 per…
With competing claims for funds, DoT not in favour of tariff subsidy
Multiple requests and letters from private telecom companies and industry bodies notwithstanding, the Department of Telecommunications (DoT) is unlikely to provide any support in the form of floor price for tariff or subsidy for the same in…
