Canara Bank to Raise to Rs 2000 Crore via Basel-III Tier-II Bonds
Canara Bank plans to raise Rs 2,000 crore considering growing credit demands. Of the total amount, Rs 1,000 crore are to be raised through Basel-III...
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Crude Oil Prices Rise After Saudi Warns OPEC
Today, Oil prices edged slightly higher, tracking a pause in the dollar rally in early Asia. The Organization of the Petroleum Exporting Countries (OPEC) stands...
Rakesh Jhunjhunwala’s Rare Enterprises-Backed IKS Health to File for IPO Next Month
IKS Health, backed by the late Rakesh Jhunjhunwala‘s investment firm Rare Enterprises, will submit draft documents to SEBI next month for a floating IPO soon,...
LIC Housing Finance Hikes Rates by 50 Bps
Mortgage financier LIC Housing Finance has increased its prime lending rate by 50 basis points from August 22. With this increase, home loan rates will...
Exploring Options to Raise Rs 2000 Crore, Says SpiceJet CMD Ajay Singh
SpiceJet is currently exploring multiple alternatives to raise to Rs 2,000 crore. During an event of ASSOCHAM, SpiceJet’s Chairman and Managing Director Ajay Singh said...
The India Tech Stock Declines 2% As Macro Concerns Increase
The National Stock Exchange saw opening deals on Tuesday with shares of Indian IT service companies Infosys Ltd., HCL Technologies Ltd., Wipro Ltd., L&T Infotech,...
Sportking India Soars Ahead of NSE Debut
Today, on National Stock Exchange (NSE), the shares of Sportking India surged by 11.31 per cent to Rs 1018 of its debut. The company has...
Bank of Baroda to Raise Rs 2,500 Crore Via AT-1 Bonds
State-run Bank of Baroda said on August 22 that its board had approved raising funds through the issuance of Basel III-compliant Additional Tier 1 (AT-1)...
Supreme Court Renders Sec 3(2) of Benami Transactions (Prohibition) Act Unconstitutional
On Tuesday, the Supreme Court ruled that Section 3(2) of the Benami Transactions (Prohibition) Act of 1988 is unconstitutional on the ground of being manifestly...
Sitharaman Launches 52 Projects Sponsored by Firms as CSR in Nagaland
As part of Corporate Social Responsibility (CSR), Union Finance Minister Nirmala Sitharaman on Monday launched 52 projects that various companies in Nagaland will sponsor. Sitharaman...