Bank of Baroda to sell up to 49% stake in BoB Financial
The Bank of Baroda board has approved up to 49 per cent divestment in subsidiary BoB Financial Solutions, the company said in a regulatory filing on Thursday. "We advise that the Board…
US want to deepen global strategic partnership with India
The US on Thursday has reiterated that India is a global strategic partner of America. The statement came by US State Department Spokesperson Ned Price while replying on the US…
Tata Motors subsidiary Tata Technologies files DRHP with SEBI for IPO
Tata Technologies Ltd., a subsidiary of Tata Motors Ltd., has filed a draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for an initial public offering.…
Reliance Industries completes acquisition of two polyester firms
Reliance Industries subsidiary Reliance Polyester Limited has completed the acquisition of the polyester business of Shubhalakshmi Polyesters Limited and Shubhlaxmi Polytex Limited. RIL informed the investors about this acquisition via…
RBI to hold 14-day variable rate repo auction for ₹1 lakh crore today
The Reserve Bank of India (RBI) will conduct a 14-day variable rate repo (VRR) auction on March 10 to inject up to ₹1 lakh crore into the banking system, it said…
SBI raises Rs 3,717 crore via additional tier-1 bonds
The country’s largest lender State Bank of India Wednesday said it has raised Rs 3,717 crore through Basel III compliant additional tier 1 (AT1) bonds. The tenor of these bonds…
Sebi tightens norms for securities buybacks
The capital markets regulator Sebi on Wednesday placed restrictions on placement of bids, price and volume on companies going for buyback of securities through stock exchange route. “The company shall…
Reliance Jio to buy US-based Mimosa Networks for $60 million
Jio Platforms, owned by Indian conglomerate Reliance Industries Ltd, will buy communications equipment maker Mimosa Networks for $60 million to bolster its expanding 5G and broadband services, the companies said…
Future Enterprises admitted for insolvency
The National Company Law Tribunal (NCLT) has ordered Insolvency Resolution Process against Future Enterprises, the company said in its exchange filing. The Mumbai bench of NCLT has also appointed Jitender Kothari as…
Byju’s to raise $250 mn via convertible notes in Aakash pre-IPO funding
Byju’s, the world’s most valuable edtech startup, is seeking to raise as much as $250 million through the issuance of convertible notes by its tutoring service unit, according to people…
