J&K Bank to sell stake in PNB Metlife for Rs185 cr

J&K Bank to sell stake in PNB Metlife for Rs185 cr

Monday, 18 March 2019 | PTI | New Delhi

Jammu and Kashmir Bank on Sunday said it proposes to sell its stake in PNB Metlife India to private equity player Oman India Joint Investment Fund II for Rs185 crore. The bank has executed share purchase agreement with Oman India Joint Investment Fund II for sale of 4.1 crore shares of...

Grasim gets Rs 5,872 cr tax demand on its mega merger

Grasim gets Rs 5,872 cr tax demand on its mega merger

Saturday, 16 March 2019 | PTI | New Delhi

Aditya Birla Group firm Grasim Industries Saturday said it has received Rs 5,872.13 crore tax demand from the Income Tax department with respect to its merger with Aditya Birla Nuvo and Aditya Birla Financial Services. "The company has, on March 15, 2019, received an order dated March 14, 2019, issued by...

Yamaha launches MT 15 priced at Rs 1.36 lakh

Yamaha launches MT 15 priced at Rs 1.36 lakh

Saturday, 16 March 2019 | PNS | greater noida

India Yamaha Motor (IYM) Pvt Ltd. on Friday launched the all new MT-15 (155 cc) in India. The new MT-15 (155 cc) mounts a liquid-cooled, 4-stroke, SOHC, 4-valve, 6-speed transmission, 155cc fuel-injected engine along with Variable Valve Actuation (VVA) system on a Delta box frame. Yamaha as a part of its...

VIT honours legends; names buildings

Saturday, 16 March 2019 | PNS

A towering 13-floor Hostel Block, named after former Prime Minister Atal Bihari Vajpayee and a 5-floor Administrative Block, named in the memory of Mahatma Gandhi, was recently inaugurated at the Vellore Institute of Technology (VIT). The managing director and chief executive officer of Indian Bank, Padmaja Chunduru, dedicated the buildings...

Exports up 2.44 pc in Feb; trade deficit narrows

Saturday, 16 March 2019 | PTI | New Delhi

The country’s exports grew by 2.44 per cent year-on-year to USD 26.67 billion in February on account of higher shipments in sectors such as pharmaceuticals, engineering and electronics, according to data from the commerce ministry. Imports declined by 5.4 per cent to USD 36.26 billion in the last month, narrowing...

Brookfield-led InVIT to buy RIL’s East-West gas pipeline for Rs 13,000 cr

Saturday, 16 March 2019 | PTI | New Delhi

Canadian investor Brookfield-led India Infrastructure Trust (InVIT) has agreed to buy billionaire Mukesh Ambani’s loss-making East-West gas pipeline for Rs 13,000 crore.  The InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltd’s eastern offshore KG-D6...

Sensex hits 6-mth high; surges over 260 points

Saturday, 16 March 2019 | PTI | mumbai

Extending its winning run to the fifth session, BSE benchmark Sensex climbed 269 points to hit six-month high of 38,024 led by rally in banking stocks amid soaring foreign fund inflows, strengthening rupee and positive global cues. After rallying nearly 500 points in afternoon trade, the Sensex settled 269.43 points, or...

US regulators sue VW over emissions scandal

Saturday, 16 March 2019 | AFP | Washington

US stock regulators have sued Volkswagen over the emissions cheating scandal, alleging the German automaker committed fraud by raising billions in corporate bonds while lying to investors about the environmental impact of its cars. In a filing Thursday night in California, the Securities and Exchange Commission said that from April 2014...