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Strong investor interest for capital raising plans, says YES Bank
Posted on 26th September 2019
Private lender YES Bank on Wednesday said it has received strong interest from various investors on its plans to raise capital as the lender approaches the Reserve Bank of India (RBI) for approval to increase the bank’s authorised share capital.

“The bank has received strong interest from multiple foreign as well as domestic private equity and strategic investors for this capital raise and remains firmly on course to raising growth capital subject to the necessary approvals,” it said in a regulatory filing.

The lender has got approval from its board to increase its authorised capital from Rs 800 crore to Rs 1,100 crore. Subsequent to the RBI’s nod, the bank will seek approval from its shareholders.

Despite this, the bank’s shares tanked 4.19 per cent to close at Rs 53.7 on the BSE.

Related Companies: Yes Bank   

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'No desire for any post': Sachin Pilot calls truce after meeting with Gandhis, says wanted self-respect to remain intact
Posted on 11th August 2020
Former Rajasthan Deputy Chief Minister Sachin Pilot on Monday called truce with the Congress party after a month of high-pitched political drama that also played in the High Court and the Supreme Court. Pilot, who was sacked as deputy CM and as state unit chief, said he has no desire for any post and just wanted the self-respect to remain intact.

His statement came after a meeting with Rahul Gandhi and Priyanka Gandhi Vadra, and announcement of a three-member panel by party chief Sonia Gandhi.

Former President Pranab Mukherjee put on ventilator support after brain clot surgery
Posted on 11th August 2020
Former President Pranab Mukherjee is on ventilator support after undergoing brain surgery at the Army Research and Referral hospital, where he was admitted on Monday morning after testing positive for COVID-19, sources said on Tuesday.

On a visit to the hospital for a separate procedure, I have tested positive for COVID-19 today. I request the people who came in contact with me in the last week, to please self isolate and get tested for COVID-19, Mukherjee tweeted on Monday afternoon.

UP: Chased by eve-teasers, US scholar girl dies in Bulandshahr road accident
Posted on 11th August 2020
In what comes as a tragic end to a bright life, Sudiksha, a girl from Uttar Pradesh's Gautam Buddh Nagar who had received Rs 3.83 crore scholarship to study in the US, died after falling off from a bike in Bulandshahr after being chased by eve-teasers. Sudiksha had returned to India and was going to Sikandrabad with her uncle Manoj Bhati to meet her relatives.

According to reports, the eve-teasers had started performing stunts near Sudisha due to which her uncle was facing difficulty in riding the bike and was getting imbalanced.

Kerala plane crash: Air India praises Malappuram residents for saving lives
Posted on 10th August 2020
Air India Express has expressed its gratitude to people of Mallapuram, Kerala for help in a lane crash in which 18 people died Friday night.

In a tweet, the Air India Express said, Taking a bow to HUMANITY! A standing ovation from our hearts to the PEOPLE OF MALAPPURAM, Kerala, who had showered us with kindness & humanity during the uncertain incident. We owe you a lot! #ExpressGratitude.

Vodafone-Idea's fate hinges on the Supreme Court's AGR verdict today
Posted on 10th August 2020
For Vodafone Idea Ltd (VIL), the future course is closely pegged to today’s Supreme court decision on the issue of tenure of payment of adjusted gross revenue (AGR) dues.

In the last hearing, held in July, the court had ended some confusion by clearly telling VIL and other operators that there would be no reassessment of the AGR dues calculated by the department of telecommunications (DoT). Operators had earlier claimed, based on their self-assessment, that the payable amount should be far less.

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