ICICI Bank raises Rs 15,000 crore via QIP
Mumbai/IBNS: ICICI Bank Saturday said it completed the allotment of equity shares under QIP (Qualified Institutional Placement) and raised nearly Rs 15,000 crore through the issuance of 418,994,413 equity shares at an issue price of Rs 358 per unit.
Uganda looks online for answers to COVID economic crisis
New York: From banking, to food delivery, and taxi bookings, Uganda is rapidly becoming accustomed to many of the online tools that are commonplace in developed economies, and which don’t rely on face-to-face interactions.
Mumbai/IBNS: The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of Rs 57,128 crore to the government for the accounting year 2019-20 (July-June).
US firms are optimistic about investing in India, says San Francisco based Indian Consul General
New Delhi/IBNS: India and the United States shares many common interests and a strong bilateral relation, said Dr. T.V. Nagendra Prasad, Consul General, Consulate General of India, San Francisco, recently.
Defence PSU GRSE develops first of its kind portable assault bridge
Kolkata/IBNS: Indian Defence Minister Rajnath Singh recently virtually launched a Portable Assault Bridge at the Kolkata-based Garden Reach Shipbuilders and Engineers (GRSE) Ltd.
Reserve Bank of India tightens corporate governance norms for core investment companies
Mumbai/UNI: The Reserve Bank of India (RBI) has released a revised set of guidelines for core investment companies (CICs), tightening corporate governance and disclosure norms for these entities.
NIRLON Q1 net moves up by 26.64 pc
Mumbai/UNI: NIRLON has reported a rise of 26.64 pc in its net profit for the quarter ended June 30, 2020 at Rs 32.47 crores as against net profit of Rs 25.64 crores for the quarter ended June 30, 2019.
M&M moves down by 3.29 pc, Sun Pharma gains by 2.15 pc
Mumbai/UNI: M&M on Friday declined by 3.29 per cent to Rs 610.50 a major loser in 30 scrips of BSE while Sun Pharma gained by 2.15 per cent to Rs 532.
Indian Rupee falls 6 paise against USD
Mumbai/UNI: The Rupee on Friday slipped by six paise to settle at 74.90, against the US Dollar on rising demand of the greenback by bankers and importers, dealers at the Forex Market said.
Indian Market: Sensex drops by 433.15 pts
Mumbai/UNI: Extending losses for the third straight session, the BSE Sensex crashed by 433.15 pts to settle at 37,877.34 following heavy selling in Auto, Bankex, Finance and FMCG stocks on Friday.
Indian Bank Q1 net profit moves up 8 pc to Rs 1147 cr
Bengaluru/UNI: The Indian Bank on Friday reported a 8 per cent rises in net profit at Rs 1147 crore in first quarter of the current fiscal year.
Uber to deliver free meals for the hungry in partnership with the Robin Hood Army
New Delhi/IBNS: Uber has announced it will help deliver free meals for the hungry and those impacted by the Covid pandemic in partnership with the Robin Hood Army, a volunteer-based organization, which fights against hunger.
Honouring the honest tax payers: PM Modi unveils new tax reforms today
New Delhi/IBNS: Prime Minister Narendra Modi on Thursday unveiled new tax reforms which he said will "honour the honest tax payers" who, according to him, "plays a massive role in the growth of the nation".
Kotak Bank moves down by 2.10 pc to Rs 1336
Mumbai/UNI: Kotak Bank on Wednesday declined by 2.10 pc to Rs 1336 a major loser in 30 scrips of BSE.
Mumbai/UNI: The benchmark index of Bombay Stock Exchange on Wednesday fell by 37.38 pts at 38,369.69 on profit booking by local operators at higher level.