Nirav Modi scam: PNB gets ₹24 crore as first tranche of recovery from US
“Punjab National Bank has informed the ministry of corporate affairs (MCA), which spearheaded the corporate governance litigation in a foreign jurisdictional court, that it has received $3.25 million (equivalent of…
GST reduced tax rates, doubled taxpayer base to 1.24 cr: Finance Ministry
The Finance Ministry on Monday said GST has reduced the rate at which people have to pay tax, helped increase compliance and doubled taxpayer base to 1.24 crore. Series of…
Upcoming IPO: Kalyan Jewellers files DRHP for Rs 1,750 crore IPO
Private equity major Warburg Pincus backed jewellery retail firm Kalyan Jewellers has filed its draft red herring prospectus (DRHP) with market regulator Securities & Exchange Board of India (SEBI) for…
Oil India Q1 results: Net loss at Rs 249 crore, turnover drops 46% to Rs 1,874 crore
Oil India Ltd, the nation's second largest state oil and gas producer, logged second quarterly loss in its history in April-June after crude oil prices slumped to lower than cost…
ICICI Lombard to acquire Bharti AXA General Insurance
ICICI Lombard General Insurance Co. Ltd. and Bharti AXA General Insurance Co. Ltd., on Saturday, announced that they will combine their insurance businesses through a share swap deal, which once…
Yes Bank Sells Mutual Fund Business To White Oak Investment
Yes Bank Ltd. is exiting the mutual fund business by selling its asset management and trusteeship subsidiaries to an entity controlled by former Goldman Sachs Inc. fund manager, Prashant Khemka.…
RBL Bank raises Rs 1,566 crore through preferential issue
Private sector lender RBL Bank Ltd on Thursday said that it will raise ₹1,566 crore through a preferential allotment of shares to a group of investors led by Baring Private…
SBI to raise up to Rs 10,000 crore through issue of tier-II bonds
State Bank of India priced the country’s biggest offering of local-currency Tier 2 bonds yet as the lender boosts its capital buffers amid the worsening financial health of domestic companies.…
Medlife and Pharmeasy to merge together
The two E-health Companies Medlife and Pharmeasy have agreed for the merger which will value the stake of Medlife shareholders for about $200 million Holdings As per the CCI filing,…
MCX to launch India’s first bullion index on Aug 24
Multi Commodity Exchange of India (MCX) is all set to launch the country's first bullion index, Bulldex, on August 24 "MCX iCOMDEX Bullion Index Futures contracts, expiring September, October and…
