LiveSBI Prices Riskiest Bond at Record-Low Cost
State Bank of India (SBI) has priced one of the riskiest bank capital securities at a record-low coupon, in the latest sign that investors are confident...
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Power Ministry Asks Gencos to Cap Late Payment Surcharge at 12%
The power ministry has advised power generation firms and transmission companies to levy the late payment surcharge on discoms at not more than 12 per cent...
ICICI Lombard to Merge with Bharti AXA for General Insurance Business
India’s largest private non-life insurer, ICICI Lombard General Insurance Co. Ltd. and Bharti AXA General Insurance Co. Ltd., had announced on Saturday, that they will...
Lightspeed India Raises $275 Million
Venture capital firm, Lightspeed India Partners Advisors LLP has raised $275 million, in its third India-focussed fund, comparatively larger fund than that it has raised...
Essel Propack Surges 18% After Net Profit Rises 14%
Shares of tube-packaging company Essel Propack Ltd gained 18 per cent after the company reported a 14 per cent year-on-year jump in its consolidated net profit to...
Five Rafale Fighter Aircrafts Reached Al Dhafra Airbase, UAE
On Monday, the first batch of 5 Rafale Fighter Aircraft takes off from France for India. After nearly about four years both the countries inked...
Phase 3 Vaccine Results: 4% Rise in Glenmark Pharma
Global leading research pharma company Glenmark Pharmaceuticals mentioned in a company statement, “Results from the Phase 3 trial showed numerical improvements for the primary efficacy endpoint with...
Mumbai Local Trains Resumes Services
Local trains in Mumbai resumed services in the city from Monday but only for essential services workers, identified by the state government. Around 1.25 lakh essential services staff...
PVR Shares Slip 5% as Company Reports Net Loss
Shares of multiplex chain operator PVR Ltd fell as much as 4.6 per cent intraday after it reported a loss in the March quarter as the film...
Supreme Court Seeks FM’s Reply on Waiver of Interest on Loans
The Supreme Court Thursday sought finance ministry’s reply on waiver of interest on loans during the moratorium period after the RBI said it would not be prudent to go...