Punjab National Bank today said it plans to raise up to Rs 5,000 crore equity capital from the markets to fund growth.

The public sector bank however did not give any indication as to whether it would be raised by diluting government equity or issuing Additional Tier-1 (AT1) bonds.

New York/London: The only electric-car maker in India says the business case for the clean technology is starting to make sense—and it won’t require government subsidies to take off in a big way.

Mahindra and Mahindra Ltd, which announced a partnership this week with Ford Motor Co. to cooperate in areas including driverless and electric cars, says there’s money to be made in a nascent EV sector that some carmakers warn is curbing their margins.

Stocks ended the week on a distinctly bearish note after the Sensex tanked 447 points — the biggest fall in over nine months - and the Nifty ended below the 10,000 level today as renewed geopolitical worries about North Korea rattled investors.

The rupee hit near six-month low against the dollar in day trade which dampened the sentiment further.

A squabble between banks and Indian Railway Catering and Tourism Corporation (IRCTC) over fees has resulted in the latter disallowing a number of lenders from using its payment gateway for debit cards. Bankers FE spoke to explained that IRCTC had stopped them from operating on the website because they were unwilling to share a portion of the convenience fees earned on customer transactions. An email sent to IRCTC requesting a comment remained unanswered. The Indian Railways subsidiary’s website is among the most busy portals in the country.

Markets regulator Sebi has imposed a penalty of Rs 9 lakh on ING Vysya Bank’s former official for violating insider trading regulations. The fine was levied on Vinay Agrawal, who was regional head of business banking in ING from August 2011 till June 20, 2012. Later, he held the position of zonal head of cluster business banking till October 10, 2013. The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings against Agrawal, who was alleged to have not complied with PIT (Prohibition of Insider Trading) Regulations.

Microsoft has supported over 4,000 Indian start-ups, skill training for 30,000 youth and helped train 26,000 teachers while working with several state governments and not-for-profit organisations between April 2016 and March 2017 in India, a new report said on Friday. In its 2017 India Citizenship Report, Microsoft India said it recognises that India’s entrepreneurial landscape would aid robust economic growth in the coming years and was committed to contributing to the Indian start-up growth story.

NEW DELHI: State-owned power equipment maker BHEL-2.52 % today said it will create a diversified portfolio for its next wave of growth that will include areas like solar energy, transportation and water business.

Going beyond thermal power, other areas for capitalising on emerging opportunities include defence and aerospace "to increase the share of business from non-coal areas", BHEL CMD Atul Sobti said at the 53rd Annual General Meeting here.

Power giant NTPCBSE -1.34 % today said it has received shareholders' approval to raise Rs 15,000 crore via non-convertible bonds on private placement basis for capex, working capital and other corporate purposes.

The special resolution, listed on the agenda of the annual general meeting held, was passed by the requisite majority, NTPC said in a BSE filing.

NEW DELHI: BSE is likely to receive a license for commodity exchange by December, according to an exclusive report by ET Now.

The bourse has already applied with the market regulator Securities and Exchange Board of India (Sebi) for launching commodity exchange.

Lenders from India and abroad on Thursday said that enough capital is available to finance the realty sector.

However, they cited that the real challenges, where the government participation is required, are in the simplification of processes, digitisation of records, lowering of taxes and a new way to find lowering of the land cost.

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