by PTI News | Feb 21, 2022 | 5:40 pm | Corporate Action, IPO, News
New Delhi, Feb 21 (PTI) IPO-bound Life Insurance Corporation (LIC) on Monday said it would like to retain some stake in IDBI Bank so that the insurer continues to reap the benefits of the bancassurance channel. IDBI Bank became a subsidiary of LIC with effect from January 21, 2019, following the acquisition of an additional [...]
by PTI News | Feb 21, 2022 | 5:35 pm | News
Jamshedpur, Feb 21 (PTI) Twelve trainee crane operators from LGBTQ+ community were onboarded by steel major Tata Steel at its Kalinganagar plant in Odisha last week, a company press release said. With this, Tata steel further expanded its transgender employee base following the initiative by the company's West Bokaro division, where 14 transgender people were [...]
by PTI News | Feb 21, 2022 | 5:29 pm | Corporate Action, News
Mumbai, Feb 21 (PTI) Leading fund house Axis Mutual Fund is looking to raise Rs 200 crore from a new smallcap index fund it launched on Monday during the primary subscription period. Axis Nifty smallcap 50 index fund, which is an open-ended fund tracking the top 50 companies from Nifty 250 index, opens on Monday [...]
by PTI News | Feb 21, 2022 | 5:26 pm | News
Mumbai, Maharashtra, India – Business Wire India Bodybuilding as a professional sport is a regimen of exercises designed to enhance the human body's muscular development and promote general health and fitness. As a competitive activity, bodybuilding aims to display in artistic fashion pronounced muscle mass, symmetry, and definition for overall aesthetic effect. Primitively in India, [...]
by PTI News | Feb 21, 2022 | 5:24 pm | Corporate Action, IPO, News
New Delhi, Feb 21 (PTI) Shares of Federal Bank on Monday gained over two per cent after its subsidiary Fedbank Financial Services Ltd (FedFina) filed preliminary papers with markets regulator Sebi to raise funds through an initial public offering (IPO). On the BSE, the shares closed with a gain of 1.89 per cent, at Rs [...]
by PTI News | Feb 21, 2022 | 5:22 pm | Economy, News
New Delhi, Feb 21 (PTI) Business prospects of domestic solar original equipment manufacturers (OEMs) will remain strong aided by several policy measures over medium-term, rating agency Icra said. As a result, many domestic OEMs have announced sizeable capital expenditure to augment the cell and module capacity, including the capex for integrated facilities under PLI scheme [...]
by PTI News | Feb 21, 2022 | 5:19 pm | Corporate Action, News
New Delhi, Feb 21 (PTI) Shares of Kalpataru Power Transmission Ltd on Monday surged over three per cent after the company announced its merger with JMC Projects (India) Ltd. On the BSE, the scrip gained 3.03 per cent to close at Rs 401.15. Intra-day, it traded at a high of Rs 409.45. Similarly, on the [...]
by PTI News | Feb 21, 2022 | 5:17 pm | Economy, News
Mumbai, Feb 21 (PTI) Facing intense competition from banks, gold loan Non-Banking Financial Companies (NBFCs) are likely to adopt aggressive strategies to maintain and expand their gold loan franchise, says a report. Many banks, both private and public, have become fairly active in the gold loan space, enticed by high yield and liquid security, India Ratings and [...]
by PTI News | Feb 21, 2022 | 5:15 pm | Corporate Action, News
New Delhi, Feb 21 (PTI) With over six crore users booking railway tickets on the IRCTC website on a daily basis, the Indian Railways' catering and ticketing arm along with NPCI and BOB Financial Solutions on Monday launched a co-branded credit card to tap the huge potential the market offers. The 'IRCTC BoB RuPay Contactless [...]
by PTI News | Feb 21, 2022 | 5:12 pm | News
New Delhi, Feb 21 (PTI) Shares of InterGlobe Aviation Ltd declined nearly 2 per cent on Monday after its co-promoter Rakesh Gangwal resigned from the company's board. On BSE, the shares ended at Rs 2,080, lower by 1.9 per cent over the previous close. On NSE, the scrip closed at Rs 2,079, a loss of [...]
