Etihad tells SBI to buy its 24% stake in Jet for Rs 400 crore or Rs 150/share
Etihad has asked SBI and other lenders of bankrupt Jet Airways to buy its 24% stake for approximately Rs 400 Cr or Rs 150/share.
RBI Governor Das on the $5 bn swap facility: The forex swap facility has been received well by the markets, can’t comment on whether RBI will repeat this.
SBI signs strategic MOU with Bank of China for business opportunities
The President of India appoints Justice Pinaki Chandra Ghose as the Chairperson of Lokpal
SREI Group signs term sheet to acquire AMC business of Essel Group
“A term sheet has been signed between both the parties so far which is a part of due diligence process,”
Sebi, IBBI sign MoU for better implementation of IBC
Joint efforts will be made towards enhancing the level of awareness among financial creditors.
Bombay HC pulls up Maha govt, BMC on coastal road project
A bench of Chief Justice Naresh Patil and Justice N M Jamdar said while development was essential, it could not come at the cost of citizens.
RBI Governor Shaktikanta Das Says New Liquidity Tool Well Received
RBI last week said it will conduct a first such auction of $5 billion for a tenure of three years on March 26, to mop up dollars and pump in rupees.
IDBI Bank to borrow up to Rs 4,000 cr via bonds next fiscal year
‘The board of directors, at its meeting held on Tuesday, (March 19, 2019), has approved rupee bond borrowing limit of Rs 4,000 crore to be borrowed in one or more tranches,’
Foreign Institutional Investors Pump In Over Rs 23,000 Crore in March
The healthy inflow of foreign funds during March 2019 comes second just to the inflow of Rs 26,473.17 crore seen in March 2017
Tata Steel BSL clears issuance of 11% shares to Tata Steel
On March 11, Tata Steel BSL’s board had approved issuance of 11.09 per cent shares to Tata Steel on a private placement basis.
CPSE ETF receives bids worth Rs 6,072 cr from anchor investors
The fifth tranche of the CPSE ETF opened for subscription Tuesday, wherein the government seeks to raise at least Rs 3,500 crore.
Oil beats retreat from four-month high on fears for US-China trade progress
US West Texas Intermediate (WTI) crude futures were at $58.86 per barrel
Global PE funds keen to buy DHFL bonds from holders at a discount
DHFL raised about half its funding requirements from the debt capital market.
Aditya Birla Sun Life Mutual Fund garners Rs 166 crore via retirement fund NFO
The open-ended retirement solution oriented scheme has a lock-in of 5 years or till retirement age (whichever is earlier).
Jet Airways Shares Decline Nearly 7% As Crisis Deepens
Jet Airways pilots union has also said that it seeks a proper roadmap from the airline by March 31 on paying their overdue salaries.
Vodafone Idea Approves Terms For Rs 25,000 Crore Worth Rights Issue
The company will issue shares at Rs 12.50 apiece, it said in a statement.
PNB jumps 4% on reports of Nirav Modi arrest
Modi is the main accused in the $2-billion Punjab National Bank (PNB) scam case.
SBI Chairman Says Bankruptcy ‘Last Option’ For Jet Airways: Report
SBI chairman Rajnish Kumar said that talks with Abu Dhabi-based carrier Etihad, Jet’s largest shareholder, to secure a rescue deal are ongoing.