J&K Bank to sell stake in PNB Metlife for Rs185 cr
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...
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KUMAR TAKES CHARGE AS CHAIRMAN, TC SUSEEL KUMAR as MD OF LIC
18 March 2019 | PNS -
RBI not in favour of changing IDBI Bank’s name
18 March 2019 | PTI -
CAIT urges Govt to probe Chinese goods imported via hawala route
18 March 2019 | PTI -
RBI not in favour of changing IDBI Bank's name
17 March 2019 | PTI -
Accor Hotels to add 20 hotels across India in next 3-5 years
17 March 2019 | PTI -
FPIs net buyers in March first half; pump in Rs 20,400 cr
17 March 2019 | PTI -
No dilution on Feb 12 circular over stressed assets: RBI
16 March 2019 | PTI
Grasim gets Rs 5,872 cr tax demand on its mega merger
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
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
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
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
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
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
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...
