Page 307 - Bs Reporter

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

DGGI to ask ICAI to take action against 3 arrested chartered accountants

These CAs were arrested in the GST fake invoice frauds during the nationwide drive in the last few days

NDB to lend $500 mn for rapid transition system between Delhi and Meerut

The total project cost is estimated at $3.75 billion, will also be financed by Asian Infrastructure Investment Bank, ADB, among others

Work from anywhere an absolute necessity, says PM Narendra Modi

He urged global investors to invest in India's urbanisation, and committed a business-friendly climate to them

RBI allows payment aggregators to maintain additional escrow account

The RBI said that in cases where an additional escrow account is being maintained, credit and debit from one escrow account to the other shall also be permitted.

World Bank to advise DIPAM on monetising non-core assets, enemy property

DIPAM is mandated with facilitating monetisation of non-core assets of the public sector units under strategic disinvestment or closure, and enemy property of Rs 100 crore and above

Advertising body ASCI keeps track of brands, issues Covid-19 advisory

In the last three months, ASCI's has through its own National Advertising Monitoring Service also scanned nearly 250,000 ads

HDFC Bank, IndusInd in 'red flag' list on nearing foreign investment cap

A listed company enters the list when the available legroom for overseas investment is less than 3 per cent of the permissible limit

Irdai extends electronic customer consent for life insurers by 3 months

Facility has been allowed for pure risk products, is available till next March

Tata vs Shapoorji Pallonji case adjourned; hearing expected after Diwali

Mistry has pegged the valuation of the firm's 18.4 per cent stake in Tata Sons at Rs 1.78 trillion.

Tata Power sells Defence business to Tata Advance Systems to prune debt

Sale will garner enterprise value of Rs 1,076 cr as upfront payment; was completed as per a 'Scheme of Arrangement' approved by NCLT

US funds lower valuation of Indian unicorns Paytm, Ola due to Covid: Report

The funds, T Rowe Price and Vanguard, hold about 1% in both companies; while Paytm's valuation has taken a 26% hit, Ola's has suffered a 50% drop

Bank lending expanded by over Rs one trillion in Sept: Soumya Kanti Ghosh

Overall credit that month was Rs 71,500 cr from a negative Rs 36,000 cr in August. Hence, effectively credit jumped by Rs 1.07 trillion in Sept, says SBI's chief economic advisor

Credit growth to industry nil in Sept, banks pick services sector for loans

Personal loans grew 9.2 per cent year on year in September: compared to 16.6 per cent in September 2019

Three directors quit Piramal Entreprises board to aid succession planning

Keki Dadiseth, Dr. R.A. Mashelkar and Prof. Goverdhan Mehta, independent directors on the board of Piramal Enterprises have resigned, the company informed BSE