Cipla shareholders approve proposal to raise up to Rs 3,000 crore Posted on 17th August 2019 |
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Drug major Cipla on Saturday said its shareholders have approved a proposal to raise up to Rs 3,000 crore through issuance of equity shares or other securities convertible into equity shares. Drug major Cipla on Saturday said its shareholders have approved a proposal to raise up to Rs 3,000 crore through issuance of equity shares or other securities convertible into equity shares. In May this year, Cipla's board had approved raising funds up to Rs 3,000 crore by issue of equity shares/other securities convertible into equity shares. |
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Tata Motors plans to add 100 new passenger vehicle outlets by FY 20 end Posted on 9th December 2019 |
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Auto major Tata Motors plans to add 100 sales outlets for passenger vehicles by the end of the current fiscal as it aims to enhance its reach in the country, a senior company official said.
The company, which has around 860 sales outlets spread across the country, has already added up around 100 outlets in the current financial year till now. |
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Yes Bank objects to Blackstone's buyout of Coffee Day's tech park Posted on 9th December 2019 |
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Beleaguered Coffee Day Enterprises Ltd.'s sale of its technology park to Blackstone Group Inc. is stalled as one of its creditors hasn't approved the deal, people with the knowledge of the matter said.
Yes Bank Ltd. hasn't issued the so-called no objection certificate as it's seeking assurances on repayments of other loans taken by Coffee Day, said the people, asking not to be identified as the information isn't public. All other creditors have approved the transaction, the people said.
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In 8th cut this year, SBI reduces MCLR by 10 bps across all tenors Posted on 9th December 2019 |
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Country's largest lender State Bank of India has reduced its MCLR (Marginal Cost of Funds based Lending Rate) by 10 basis points across all tenors.
The one year MCLR has come down to 7.90 per cent per annum from 8.00 per cent per annum with effect from December 10, 2019. |
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Sonia Gandhi turns 73; PM Modi wishes Congress president Posted on 9th December 2019 |
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Top Congress leaders extended birthday wishes to party chief Sonia Gandhi, who turned 73 on Monday.
Prime Minister Narendra Modi also wished Gandhi, tweeting, Birthday wishes to Mrs. Sonia Gandhi Ji. Praying for her long life and good health.
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Maharshtra Seamless surges 4% on bagging order from ONGC Posted on 9th December 2019 |
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Shares of Maharashtra Seamless rose 3.7 per cent to Rs 373 on the BSE on Monday on receipt of an order from Oil and Natural Gas Corporation (ONGC) worth Rs 500 crore.
In an exchange filing, the company said it has bagged order for supply of seamless castings to ONGC. |
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