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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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'Be more careful in future': SC closes contempt plea against Rahul Gandhi over 'chowkidar chor hai' remark
Posted on 14th November 2019
In a relief for Rahul Gandhi, the Supreme Court on Thursday closed a contempt plea filed by BJP MP Meenakshi Lekhi against the former Congress chief for wrongly attributing to the court his "chowkidar chor hai' slogan against Prime Minister Narendra Modi in the Rafale case.

The Supreme Court said, "Mr Rahul Gandhi needs to be more careful in future," for attributing to the court his remarks.


Schools shut today, tomorrow as air quality deteriorates in Delhi
Posted on 14th November 2019
The schools in the national capital will be closed on Thursday and Friday, the Delhi government announced on Wednesday.

The city’s air quality reached the higher end of the ‘severe’ category on Wednesday, even as the Centre’s Task Force, meant to advise on implementing the Graded Response Action Plan, recommended that schools be shut and industrial activities be curbed till November 15.


VST Industries hits new peak after Radhakishan Damani buys shares
Posted on 14th November 2019
Shares of VST Industries jumped up to 7.5 per cent to hit a new high of Rs 4,600 apiece on the BSE on Thursday, a day after Radhakishan Damani bought 2,70,000 shares at Rs 4,259.99 apiece on the BSE, according to bulk deal data. The data also showed HDFC Mutual Fund sold 273,706 shares at Rs 4,260 apiece.

At 10:53 am, the stock was trading at Rs 4,573.70, up nearly 7 per cent. In comparison, the S&P BSE Sensex was trading flat at 40,182 levels, up just 0.16 per cent.


Women's entry at Sabarimala: Supreme Court refers matter to larger bench
Posted on 14th November 2019
A five-judge bench of the Supreme Court on Thursday referred to a larger bench pleas seeking a review of its 2018 ruling that allowed menstruating women from entering the Sabarimala temple in Kerala.

Chief Justice Ranjan Gogoi, Justice A M Khanwilkar and Indu Malhotra said a larger bench will hear if the court can decide matter of religious practice. Justices R F Nariman and DY Chandrachud gave dissenting opinion.


'No inquiry needed': SC dismisses review petitions against its previous order on Rafale deal
Posted on 14th November 2019
The Supreme Court on Thursday dismissed Rafale review petitions against its December 14, 2018 judgement, after it was found to be without any merit.

The Supreme Court was due to deliver the verdict on the review petitions against its earlier judgment dismissing any corruption in the deal to purchase 36 Rafale fighter jets from a French company.


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