by PTI News | Feb 21, 2022 | 8:53 pm | Corporate Action, News
New Delhi, Feb 21 (PTI) CG Power and Industrial Solutions on Monday said that the Bombay High Court has quashed an assessment order of Rs 684.08 crore against the company issued by the I-T department. The court quashed the tax demand notice during a hearing on Monday, a regulatory filing by the company stated. "Further [...]
by PTI News | Feb 21, 2022 | 8:04 pm | Corporate Action, News
New Delhi, Feb 21 (PTI) Hero MotoCorp on Monday said it has created a new position, titled Chief Growth Officer, integrating the marketing, sales and after-sales functions and has appointed Ranjivjit Singh to the post with immediate effect. Singh, who has been heading the marketing function at the two- wheeler major, is being elevated to [...]
by PTI News | Feb 21, 2022 | 8:02 pm | Corporate Action, News
Mumbai, Feb 21 (PTI) V-Ensure Pharma Technologies, which is into contract drug manufacturing, has raised Rs 130-crore (USD 17.5 million) from global alternative investment firm Investcorp and Asia-based private investment firm Tanas Capital. For Investcorp this is the third healthcare investment in the country and its first in the pharmaceutical sector, the firm said in [...]
by PTI News | Feb 21, 2022 | 6:28 pm | Corporate Action, News
New Delhi, Feb 21 (PTI) ADB on Monday said it will provide USD 68 million (over Rs 500 crore) loan to IIFL Home Finance for lending to lower-income women borrowers for affordable green housing. The loan comprises a direct ADB loan of up to USD 58 million and a USD 10 million concessional loan by [...]
by PTI News | Feb 21, 2022 | 6:24 pm | Corporate Action, News
New Delhi, Feb 21 (PTI) London-based proptech firm Planet Smart City plans to raise 60 million euros (nearly Rs 510 crore) to grow its business across many countries, including India. Planet Smart City, a global leader in smart affordable housing, said in a statement on Monday that it has launched a "€60 million capital raise [...]
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 | 5:29 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 | 5:24 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 | 5:19 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 | 5:15 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 [...]
