LiveIndiGo CEO Pieter Elbers Gets Share Units Worth Rs 12.5 Crore
The nominating and remuneration committee of InterGlobe Aviation, the operator of IndiGo airlines, has approved the award of 67,150 performance stock units (PSUs) to its...
Category : BUSINESS
Indian Overseas Bank Raised 1,000 Crore Via Tier-II Bonds
Indian Overseas Bank (IOB), a Chennai-based public sector lender, has successfully raised Rs 1,000 crore in secondary bonds. The bank issued a Basel III-compliant Tier...
Power Grid Corp Board Approves Raising Rs 600 Crore Through Bonds
The state-owned Power Grid Corporation board has approved a private placement bond issue to raise up to Rs 600 crore. “The Bond Board of Directors,...
Jack Dorsey’s Wealth Slumped by $526 Million After Hindenburg’s Latest Report
Block Inc co-founder Jack Dorsey’s net worth has been hit hard after a new report from Hindenburg Research said the payments company ignored widespread fraud....
Toshiba Accepts $15 Billion Buyout Offer from Japanese Consortium
Toshiba has accepted a buyout offer from a Japanese consortium as the iconic conglomerate draws to a close a troubled chapter in its more than...
Credit Suisse, UBS, Other Banks Under Scrutiny in Russia Sanctions Probe
Banks, including Credit Suisse and UBS, are under scrutiny as the US Justice Department investigates whether financial professionals helped Russian oligarchs evade sanctions, according to...
RailTel Secures Order Worth Rs 34.91 Crore for Expanding Data Centre in MP
The Central Public Sector Enterprise (CPSU) under the Ministry of Railways, RailTel Corporation of India Limited, has received an order from Madhya Pradesh State Electronics...
Venture Capitalists Ask Startups to Keep Money with New SVB Amid Crisis
Venture capitalists have primarily kept a promise they made the day after the bank’s precipitous collapse that they would continue to do business with the...
Fitch Downgrades First Republic Bank’s Rating to ‘B’ on Cash Crunch
First Republic’s rating was downgraded again less than a week after a group of Wall Street lenders agreed to deposit $30 billion with the struggling...
IFC to invest Rs. 240 crore to acquire a 5.6% stake in JK Tyre
Indian tyre manufacturer JK Tyre & Industries has secured Rs 240 crore ($30 million) investment from the International Finance Corporation (IFC) in exchange for a...