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Latest News:

JSW Steel

JSW Infrastructure plans to enter capital market by 2020

Mumbai: JSW Infrastructure Ltd is planning to enter the capital market with an IPO for funding its ports business by 2020, said Sajjan Jindal, Chairman, JSW Group.

He said that JSW Infra is fully owned by JSW Group... Read More

State Bank of India, Lending rate

SBI Life Plans IPO; SBI to dilute 10% stake in Insurer

New Delhi: State Bank of India (SBI) today said it plans to dilute 10 per cent of its stake in the life insurance venture SBI Life through public offer.

The Executive Committee of Central Board in its meeting held today accorded in-principle approval... Read More

Bharat Forge, Financial Results

Bharat Forge divests 23% stake in Alstom

Pune: Indian multinational Bharat Forge on Friday announced divesting 23 per cent of its equity stake in the power equipment joint venture (JV) with French multinational Alstom.

"The company has divested 23 per cent of its shareholding in power equip... Read More

Cochin Shipyard Limited, CSL, IPO, Disinvestment, Trade Unions

Cochin Shipyard files papers for Rs. 1,400-1,500 cr IPO

New Delhi: State-owned Cochin Shipyard on Friday filed draft papers with capital markets regulator Sebi to raise an estimated Rs. 1,400-1,500 crore through an initial public offering.

The company -- the largest public sector shipyard in India in term... Read More

Mukesh Ambani

Reliance Industries to challenge Sebi order in RPL case

New Delhi: Reliance Industries today said it will challenge the Sebi order in the Reliance Petroleum case before the Securities Appellate Tribunal, terming the regulator's directions as "unjustifiable sanctions".

In a 10-year-old case, Sebi today ban... Read More

State Bank of India, Lending rate

SBI to raise $1.5 bn from overseas bonds

New Delhi: The country's largest lender SBI today said it will raise $1.5 billion from overseas bonds in one or more tranches to fund business expansion.

The Executive Committee of Central board approved "the issuance of Reg-S/ stand alone rule 144A ... Read More

Vijay Mallya,

Extradition request for Mallya certified by UK secy of state

New Delhi:  The UK has conveyed to India that its request for extradition of industrialist Vijay Mallya, who has been declared a proclaimed offender, has been certified by the secretary of state.

"The UK Home department on February 21 conveyed that ... Read More

sakal news for banking sector

MFs’ exposure to bank stocks hit record Rs 1.2 lakh crore

New Delhi: Mutual Fund managers seem to be bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.2 lakh crore at the end of February, primarily on account of cheaper valuations.

In comparison, fund mana... Read More


IDFC Bank board to consider raising funds

New Delhi: Private lender IDFC Bank today said its board will meet next month to consider raising funds through non-convertible debt securities on a private placement basis.

“The 22nd board meeting of IDFC Bank Ltd will be held on Tuesday, April 25, ... Read More


Shriram Transport raises Rs 600 crore via NCDs

Mumbai: Shriram Transport Finance Company has raised Rs 600 crore by issuing non-convertible debentures (NCDs) on private placement basis.

"The allotment committee-NCDs of the company in its meeting held on March 23, 2017, approved and allotted 6,000... Read More