Page 298 - Bs Reporter

Vivek Singh appointed OSD to FM Sitharaman for a period of 4 years

Currently, Singh is serving as additional private secretary to the finance minister

Irdai maintains 5% obligatory cession to GIC Re in FY21, fixes commission

Obligatory cession is the part of the business, or premium, that general insurers are required to cede on every policy sold to GIC Re

The sun has just risen: PM Narendra Modi writes poem for 2021

The poem is titled Abhi Toh Suraj Uga Hai (The Sun Has Just Risen), and the poem features the prime minister, soldiers, medical staff, and farmers

Soma Mondal takes over from Anil Kumar Chaudhary as SAIL Chairman

In a company statement, Mondal said that the first target is to improve the financial performance of SAIL

Can NCLAT reinstate Cyrus Mistry as chairman of Tata Sons? Asks CJI

The NCLAT perhaps wanted Mistry to continue as chairman of Tata Sons, the CJI remarked

Embassy Office Parks REIT to float QIP, may raise up to $600 million

Floor price of Rs 348.38 per unit approved

Allow insurance, pension funds to invest in lower-rated debt: SBI chief

Dinesh Kumar Khara says this is needed to ensure money flows into infrastructure, as is the case across the globe

Mrs Bector IPO subscribed 3.72 times on Day-1 on strong retail interest

The company on Monday allotted shares worth Rs 162 cr to anchor investors Goldman Sachs India, SBI MF, Bajaj Allianz Life Insurance, among others

CII says farmers' blockade likely to impact India's economic recovery

In a statement, the apex industry body said around two-thirds of consignments in transit are taking 50 percent extra time to reach destination in Punjab, Haryana, Rajasthan and Delhi-NCR

Major toll plazas in Mumbai now on FASTag platform, Dahisar to go live soon

Currently, more than 720 toll plazas across the country are live on the FASTag platform

Govt successfully prunes stake in IRCTC by 20% as OFS sails through

Retail investors lapped up all the shares in the offer a day after institutional investor portion was subscribed 1.34 times

Circulating newspaper PDFs illegal via social media, hurts journalism: INS

Industry body of newspaper media outlets says the practice, which gained steam following lockdown, is in total violation of IPR and is also a threat to society

NSE to launch derivatives contracts on Nifty Financial Services index

The financial stocks have the biggest sectoral weight in the domestic stock markets

ICICI Securities OFS subscribed 4.4 times on heavy institutional interest

Another 712,141 shares meant for retail investors will be auctioned on Thursday. Floor price set at Rs 440 a share

ICICI Bank to pare holding in ICICI Securities via OFS on Dec 9-10

OFS floor price fixed at Rs 440 a share. If fully subscribed, ICICI Bank will be able to raise at least Rs 313 crore

Cox & Kings case: ED chargesheets Rana Kapoor, Peter Kerkar, 10 others

The latest findings by the ED probe in the CKL matter revealed that the entire gamut of siphoning off of funds and diversion of loan money from various banks stood at Rs 6,968 crore

Standard Life sells 27.8 mn shares to prune stake in HDFC Life to 8.89%

Deal struck at Rs 619.25 a share, raising Rs 1,720 cr; sale represents 1.38 per cent stake

Burger King IPO subscribed 9.4x on Day 2, retail portion by 37.8 times

Wealthy investor and institutional investor portions subscribed 3.6 times and 2.7 times, respectively; Only 10 per cent of the issue is reserved for retail investors

Covid-19 vaccine must be affordable and accessible: FM Nirmala Sitharaman

At a meeting of the finance ministers of G-20, she said further efforts should be made by members of the grouping to end the Covid-19 crisis.

RBI to conduct special audit of Srei Infrastructure Finance, subsidiary

In a notification to the exchanges, the lender said, RBI has appointed an auditor to conduct a special audit in exercise of its powers under Section 45 MA (3) of the RBI Act, 1934