LiveDalmia Bharat to acquire Murli Industries
Dalmia Bharat (DBL) will be acquiring bankrupt Murli Industries, a Nagpur based cement manufacturer, by injecting Rs.400 crore to revive the company. Murli Industries has presence...
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RBI places Bank of India under Prompt Corrective Action
Reserve Bank of India (RBI) has put Bank of India under Prompt Corrective Action, due to bad asset quality performance. Bank of India stated, “This...
World Bank commits loans of USD 125 mn for STRIVE project
World Bank has given a commitment to provide loan of USD 125 million (approx Rs.800 crore) to India, for the Skills Strengthening for Industrial Value...
HDFC Bank receives board approval to raise up to Rs.24,000 crore
HDFC Bank has received approval from the Board of Directors to raise up to Rs.24,000 crore via the issue of shares. As per the bank,...
Morepen Lab receives USFDA clearance for Montelukast Sodium
Morepen Laboratories has received USFDA clearance for its bulk drug Montelukast Sodium. The company stated, “This gives Morepen an entry into the Rs.2,000 crore (approximately...
DHFL plans to issue NCDs amounting to Rs.75 crore
Deewan Housing Finance Corporation (DHFL) plans to issue secured redeemable non-convertible debentures (NCDs) worth Rs.75 crore. This also includes a greenshoe option of upto Rs.300...
Edelweiss Wealth to acquire retail broking business of Religare
Edelweiss Wealth Management will acquire the securities business of Religare. This acquisition includes securities and commodities broking and depository participant services. As per a release,...
ICRA has launched fixed income indices for debt markets
ICRA Management Consulting Services (IMaCS), an arm of ICRA, has launched four fixed income indices, including one on corporate bonds. The four indices which are launched...
JSW Techno Projects Management to acquire 49% stake in BRPL
JSW Techno Projects Management will acquire 49% stake in Odisha based iron ore pellet manufacturer Brahmani River Pellets (BRPL). It is estimated that the deal will...
Ola to acquire FoodPanda India business
Ola will acquire Foodpanda’s India business from the Germany based Delivery Hero Group. The company has also committed investment of USD 200 million in the...