Page 3426 - Business Finance
Varroc Engineering IPO fully subscribed
Receives bids for 1.44 crore shares
Cabinet approves Rs 2,000 cr infusion in Export Credit Guarantee Corp
The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved capital infusion of Rs 2,000 crore in public sector company Export Credit Guarantee Corporation (ECGC), an official statement said.
General Atlantic invests $130 mn in KIMS Hospitals
Leading global growth equity firm General Atlantic has invested $130 million to acquire minority stake in Krishna Institute of Medical Sciences (KIMS Hospitals), a leading multi-disciplinary provider of healthcare services in Andhra Pradesh and Telangana, it was announced on Wednesday.
Exclusive: Boss of Italian bank Carige rejects criticism in boardroom feud
MILAN (Reuters) - The chief executive of Italian lender Banca Carige rejected accusations that he kept fellow directors in the dark on key decisions, in a boardroom row that threatens to undermine the bank's efforts to return to full health.
Oxytocin production banned for private players from July 1
The government, which has banned the import of oxytocin formulations and restricted its manufacture to the public sector only from July 1, on Wednesday said state-run Karnataka Antibiotics and Pharmaceuticals Ltd (KAPL) will produce it for domestic use.
Markets tank on macro risks; oil spurt sinks energy stocks
The Sensex plunged 273 points while the NSE Nifty finished below the 10,700-mark today as firming crude oil prices and a weak rupee hammered risk appetite amid an already uncertain global environment. The BSE oil and gas index was the worst performer among sectoral peers, sinking 3.81 per cent, after Brent crude oil rates crossed USD 76 a barrel on supply disruptions and US attempts to curb Iranian shipments. The rupee hit one-and-a-half year lows against the US dollar intra-day amid persistent foreign capital outflows, underscoring emerging markets risks. The 30-share Sensex opened in the green and hit a high of 35,618.85, but soon turned lower on widespread selling. It finally ended at 35,217.11, down 272.93 points, or 0.77 per cent. This is its lowest closing since June 6, when it had settled at 35,178.88. The wider NSE Nifty touched a low of 10,652.40 before finishing at 10,671.40, showing a loss of 97.75 points, or 0.91 per cent. Sentiment took another hit after the RBI, in its ..
India to build two more strategic petroleum reserves - minister
MUMBAI (Reuters) - The cabinet on Wednesday approved establishment of two strategic petroleum reserves (SPRs) with a total capacity of 6.5 mln tonnes, interim Finance Minister Piyush Goyal said.
Bears prowl world markets, maul Chinese stocks as trade tensions simmer
LONDON (Reuters) - A 2 percent slide in Chinese equities on Wednesday and a fresh weakening in the yuan highlighted mounting stress on the world's number two economy from trade tensions with the United States, while global stocks slipped to approach two-month lows.
Fortis shares end positive as firm moves to recover Rs 500 cr from Singh bros
Shares of Fortis Healthcare today defied the broader market sentiment and settled in the positive territory after the company said it had initiated legal action to recover Rs 500 crore from Singh brothers. Moreover, the firm, which is embroiled in a takeover battle, also annulled September 2016 appointment of former executive chairman Malvinder Singh as 'Lead: Strategic Initiatives' and will seek to recover payments made to him in that role as well as any company asset in his possession. Reacting to the developments, shares of the company opened at Rs 130.30, then touched a high of Rs 138 and finally settled for the day at Rs 135.75, up 0.93 per cent from its previous closing price. Similar movement was seen on the NSE as well, where the stock opened at Rs 130.55, then touched a high of Rs 138.40 and finally closed for the day at Rs 135.40, higher by 0.59 per cent. Fortis Healthcare today said it has initiated legal action to recover about Rs 500 crore of funds allegedly taken out of .
Board of Lakshmi Vilas Bank appoints Chief Risk Officer
With effect from 27 June 2018
FPIs turn net sellers
Net outflow of Rs 401.23 crore on 26 June 2018
RNEL urges Def Min to put contracts on fast track
Reliance Naval Engineering Ltd (RNEL) has appealed to Defence Minister Nirmala Sitharaman "to urgently review, streamline and fast-track all defence contracts to eliminate delays of years".
JSW Vijayanagar Works to increase capacity
JSWSteel today announced its plan to increase the annual steel manufacturing capacity of JSW Vijayanagar Works to 13 million tonnes per annum by March 2020 at an investment of Rs 7,500 crores In a press release, the firm said it has also launched various other upgradation and augmentation projects which were expected to result in substantial cost savings in operations over thelong-term. The capacity expansion and upgrade projects being implemented at JSW Vijayanagar Works would entail a capital investment of Rs 7,500 crore until March2020, the release said. At 12 million tonnes per annum currently, JSW Vijayanagar Works, located in the Ballari-Hospet iron ore belt, 380 kms from here, is said to be the largest state-of-the-art single location steel manufacturing unit in the country. Listing out the projects initiated as part of the steel manufacturing capacity expansion at JSW Vijayanagar Works unit, the release said that its current project to revamp and upgrade ...
Karnataka Bank hikes deposit interest rates
With effect from 27 June 2018
State Trading Corporation of India announces change in compliance officer
With effect from 27 June 2018
Conagra to buy Pinnacle Foods for $8.1 billion
(Reuters) - Conagra Brands Inc said on Wednesday it would buy Pinnacle Foods Inc for about $8.1 billion in cash and stock to a create a frozen food powerhouse with brands such as Birds Eye, Hunt's ketchup and Marie Callender's.
Bank of England says UK banks can manage hard Brexit
LONDON (Reuters) - Britain's banks could deal with a hard Brexit next March if need be, Bank of England Governor Mark Carney said on Wednesday, rejecting European Union warnings that lenders are inadequately prepared.
DCB Bank allots 2.43 lakh equity shares
Under ESOP
Gayatri Projects update on scheme of arrangement
Shares of Gayatri Highways to list with effect from 28 June 2018
Nifty June futures at marginal discount
Turnover on NSE's F&O segment rises