Non-Banking Financial Company IIFL Finance on Tuesday said it will raise up to Rs 1,000 crore through a public issue of secured non-convertible debentures (NCDs). The funds raised through the issue will be used for business growth, IIFL Finance said in a statement, adding that the public issue opens on January 6 and closes on [...]
Country's biggest lender State Bank of India (SBI) on Tuesday said it plans to raise up to Rs 10,000 crore through issuance of infrastructure bonds during the current financial year. The proposal to this effect was cleared by the executive committee of the Central Board, in its meeting, held on Tuesday, the bank said in [...]
The monthly domestic air passenger traffic touched 1.29 crore to cross the pre-COVID level in December 2022, with Civil Aviation Minister Jyotiraditya Scindia terming it as a healthy trend and a good sign for the industry. In December 2019, the domestic air passenger traffic stood at 1.26 crore. "2022 sets new record in air passenger [...]
Punjab National Bank (PNB) on Tuesday increased the interest rate of fixed deposits across various tenures by 50 basis points or 0.5 per cent in a bid to attract deposits. Interest rates on term deposits below Rs 2 crore between one year and three years have been raised by 50 basis points to 6.75 per [...]
Sebi on Tuesday ordered the attachment of bank and demat accounts of Jindal Cotex and its three officials to recover Rs 14.55 crore in a matter related to manipulation in the issuance of global depository receipts (GDR). The recovery proceedings against the four entities -- Jindal Cotex, Sandeep Jindal, Rajinder Jindal and Yash Paul Jindal [...]
RailTel, a PSU under the Ministry of Railways, has tied up with a technology firm in a bid to monetise its Wi-Fi project at more than 6,100 railway stations across the country, the company said on Tuesday. The rail PSU has signed a five-year contract with a consortium led by 3i Infotech Ltd, a global [...]
Mortgage lender HDFC Ltd on Tuesday said it has assigned (sold) 19 per cent higher loans to the tune of Rs 8,892 crore in the third quarter ended December 2022. The corporation had assigned loans amounting to Rs 7,468 crore in the corresponding quarter of the previous year, HDFC Ltd said in a regulatory filing. [...]
Vedanta on Tuesday said that its total aluminum production dropped by 2 per cent to 5,66,000 tonnes in the third quarter of the current fiscal. The company's total aluminum output stood at 5,79,000 tonnes in the year-ago period. "Alumina production at Lanjigarh refinery decreased by 6 per cent YoY and 2 per cent QoQ [...]
Reliance Consumer Products Ltd (RCPL), the fast-moving consumer goods arm of Reliance Industries Ltd, will acquire a 50 per cent stake in Gujarat-based carbonated soft drinks (CSD) and juices maker Sosyo Hajoori Beverages Pvt Ltd (SHBPL) for an undisclosed amount. This acquisition will "enable RCPL to enhance its beverage portfolio", Reliance Retail Venture Ltd (RRVL) [...]
Capital Markets regulator Sebi on Tuesday barred four entities from the securities markets for providing unauthorised investment advisory services without the regulator's authorisation. The regulator has restrained PNP Shareon Solutions, its proprietor Pradeep Haldar, PNP Solutions and its proprietor Prakash Haldar from securities markets for six months. PNP Shareon Solutions, PNP Solutions, Pradeep and Prakash [...]
