PNB Housing Finance on Tuesday said its board has approved raising up to Rs 2,000 crore by issuing bonds on a private placement basis. The housing finance company, promoted by the city-headquartered Punjab National Bank (PNB), was looking to raise equity capital worth Rs 4,000 crore and struck a deal with joint-venture partner Carlyle Group, [...]
Beijing, Jun 14 (PTI) China has announced plans to provide visas to Indian professionals and their families stranded in India for over two years following the strict visa restrictions imposed by Beijing due to the COVID-19 pandemic. Separately, China is also processing requests of thousands of Indian students studying in Chinese universities who have conveyed [...]
IT services company Wipro Ltd on Tuesday said it expects to ramp up employee count in Norway to 350 in the next two years, and is increasing investment there locally to help clients capitalise on digital transformation. With increased local investment, Wipro is positioning itself as a core part of the business ecosystem in Norway, [...]
Mineral industry body FIMI, Southern Region has sought the withdrawal of the Karnataka government's guidelines on the transportation and export of iron ore from Bellary and two other districts of the state. The Karnataka government in its recent guidelines has allowed the transportation and export of iron ore which has been produced till March 31, [...]
Competition Commission of India on Tuesday said it has approved the proposed acquisition of the entire shareholding of AirAsia India Ltd by Air India Ltd. The proposed combination envisages the acquisition of the entire equity share capital of AirAsia (India) Pvt Ltd by Air India Ltd (AIL), an indirect wholly-owned subsidiary of Tata Sons Pvt [...]
Benchmark indices are marginally higher today after a bloodbath in yesterday’s session. The thirty-share index is hovering at 52,988.11 points, up 0.27%, while the fifty-share index is trading at 15822.50 levels, up 0.30%. Investors are worried about inflation and interest rate hikes by central governments, along with unrelenting foreign fund outflows. Many investors find it [...]
Tata Technologies, a global engineering and product development digital services company has signed a memorandum of understanding with the Tamil Nadu government to transform industrial training institutes into technology centres. The collaboration with the state government is an extension of Tata Technologies' continued efforts to implement projects of high social impact and complement nation building [...]
Bajaj Auto on Tuesday said Shekhar Bajaj has tendered his resignation as a non-executive director of the company due to health reasons. The resignation is with effect from June 30, 2022, the company said in a regulatory filing. Shekhar Bajaj is the chairman and managing director of Bajaj Electricals since 1994. PTI
Shriram City Union Finance on Tuesday said it will raise up to Rs 300 crore by issuing debt securities on a private placement basis. The banking and securities management committee of the company at its meeting held on June 14 has approved issuance of principal-protected market-linked non-convertible debentures (PP-MLD) for an amount of Rs 50 [...]
The stock of Bajaj Auto on Tuesday declined by 5 per cent after the company said its board has deferred a decision on its proposed share buyback. Shares of the company tanked 5.06 per cent to settle at Rs 3,684.40 apiece on the BSE. During the day, it tumbled 7.13 per cent to Rs 3,603.75. [...]
