SBI Life Insurance Co IPO oversubscribed 1.43 times on last day

Saturday, 23 Sep 2017 | PTI | New Delhi:

The initial share sale offer of SBI Life Insurance Company was oversubscribed 1.43 times so far on the last day of bidding on Friday. The initial public offer (IPO), which aims to raise Rs 8,400 crore, received bids for 12,64,70,379 shares against the total issue size of 8,82,00,000 shares, data...

FinMin to refund Rs 600 cr to exporters in a few days

Saturday, 23 Sep 2017 | PTI | New Delhi

The finance ministry has decided to refund Rs 600 crore of taxes to exporters in the next few days to help them tide over problems on account of GST implementation, a government official said on Friday. The ministry is also working on a scheme for refund of taxes for exporters....

SBI unveils India’s Ist bond index series in UK

Saturday, 23 Sep 2017 | PTI | London

SBI on Friday launched India's first bond index series for overseas investors at the LSE . The FTSE SBI Bond Index Series, launched by India's largest commercial bank along with global index and data provider FTSE Russell, is positioned as a first-of-its-kind transparent benchmark for investors in international markets...

RHF shares jump 5% in stock mkt debut

Saturday, 23 Sep 2017 | PTI | MUMBAI:

Shares of Reliance Home Finance (RHF), the housing finance unit of Reliance Capital, rose by 5 per cent in its debut trade on Friday and commanded a market valuation of Rs 5,291.35 crore. The stock opened the day at Rs 104 on BSE....

Voltas launches its Exclusive Brand Shop at Dhampur, UP

Saturday, 23 Sep 2017 | PNS | New Delhi

Voltas Limited, India’s no. 1 air conditioning brand, has launched its new brand shop Avtar Aircon at Dhampur, UP. With this launch, Voltas has unveiled its new range of All Star Inverter ACs along with exciting new offers for the upcoming festival season. The brand shop features a well-designed...

Anil Agarwal to boost Anglo American stake, invest $2 bn

Friday, 22 Sep 2017 | PTI | New Delhi

Mining billionaire Anil Agarwal plans to purchase up to 1.5 billion pounds worth of additional stake in blue-chip British miner Anglo American Plc to become its largest shareholder with over 21 per cent holding, his family trust said. The acquisition of about 9 per cent shares on top of 12.43 per...

Jaitley promises ‘appropriate action' to revive economy

Friday, 22 Sep 2017 | PTI | New Delhi

Finance Minister Arun Jaitley on Thursdday promised ‘appropriate actions’ at the ‘right time’ to revive the slowdown-hit economy and said the government is seized of the problem of private investment not picking up. Jaitley, who has been holding consultations with his Cabinet colleagues and senior government officials to devise plans...

Tata Sons secures investors’ nod on pvt tag

Friday, 22 Sep 2017 | PTI | MUMBAI:

Tata Sons, the promoter of the $105 billion cars-to-software group, on Thursday won shareholders’ nod to convert itself into a private limited company, limiting in effect Cyrus Mistry family's ability to sell their stake to outsiders. All resolutions placed before the annual general meeting (AGM) of shareholders were passed with...

Bharti Airtel gets shareholders’ nod for amalgamation with Telenor India

Friday, 22 Sep 2017 | PTI | New Delhi

India’s largest telecom operator Bharti Airtel on Thursday said it has got shareholders' approval for its scheme of amalgamation with Telenor India. Shareholders representing 99.98 per cent holding voted in favour of the resolution while a mere 0.02 per cent voted against it, according to a regulatory filing by Bharti...

NCLAT to study LCIA award before further action on McDonald's row

Friday, 22 Sep 2017 | PTI | New Delhi

The National Company Law Appellate Tribunal (NCLAT) on Thursday said it will study the award of the London Court of International Arbitration (LCIA) that asked McDonald's estranged partner Vikram Bakshi to sell his stake in the JV firm CPRL to the US-based fast food chain last week. While listing the matter...


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‘Bring home the bacon,’ Merkel tells voters on eve of poll

24 Sep 2017 | AFP | Berlin

Chancellor Angela Merkel and her rival Martin Schulz rallied voters on the eve of Sunday’s vote, urging Germans to shun the first hard-right party expected to enter parliament in force since the end of World War II. Merkel, the clear frontrunner after 12 years in power with a double-digit lead, also told her conservative base not to get complacent and to cast their ballots, rousing them with a folksy call to...

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Matikala Board to hold ‘Mati ki Mehak’ exhibition-cum-sale

26 Sep 2017 | Staff Reporter | Bhopal

Madhya Pradesh Matikala Board is organising ‘Mati ki Mehak’ exhibition-cum-sale and state level prize distribution ceremony at Gauhar Mahal on September 26. The ceremony will be inaugurated by Cottage and Gramodyog Minister Antar Singh Arya at 7 pm...

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