The Expression of Interest (EoI) document is likely to be released in three weeks.
In a statement, the reinsurer said that ‘GIC Syndicate 1947’ is the first Lloyd’s syndicate to be backed solely by capital from an Indian reinsurance group.
company in a statement said that the dividend payout bank advice for an amount of Rs 849.80 crore was presented to Power Minister R K Singh by NHPC CMD Balraj Joshi.
Employment in cab-hailing services such as UBER/OLA alone rose from 3 lakh in 2015 to over 10 lakh in 2018.
The company will also sell 10.20 percent of its equity through an offer-for-sale route through the IPO and has fixed a price band of Rs 1,215-1,240 a share for the offer that will close on March 20.
Tata Sons today piked up shares worth Rs 1,088.88 crore of its two group companies, Indian Hotels Company and Tata Motors, through open market transactions.
The IPO to raise Rs 960 crore received bids for 2,92,42,115 shares against the total issue size of 2,24,51,953 shares, data available with the NSE till 1945 hrs showed.
The monetisation included the sale of six flats at Sterling Apartment, Mumbai to the State Bank of India with each of these flats fetching Rs 22 crore, Minister of State for Civil Aviation Jayant Sinha said in a written reply.
Bankers aware of the development said as the matter is under investigation by the CBI, no final call on LoU payouts can be taken as of now.
The tribunal was hearing a plea filed by Liberty House challenging the rejection its bid for Bhushan Power and Steel on account of late submission. Liberty House had moved the NCLT on February 26.
The IPO offers up to 2.54 crore equity shares of HDFC AMC through an offer for sale of 85.92 lakh shares by Housing Development Finance Corporation and up to 1.68 crore shares by Standard Life Investments, the company's draft red herring prospectus said.
The move will help entities engaged in forex transactions to maintain their currency risks in a better manner.
The Mumbai branch of Punjab National Bank had issued as many as 1,213 letters of undertaking (LoUs) fraudulently for the group of companies belonging to Nirav Modi since March 2011.
The proceeds of the issues, which will open on March 20 and close on March 22, will be utilised in expansion of the company's distribution network, setting up retail stores for parts and capex for solar business subsidiary, Benara Bearings and Pistons managing director Vivek Benara said today.
Shivaji Panja, Kaustav Kaustuv Ray of RP Info Systems are accused of cheating Canara Bank and 9 other member banks of a consortium to the tune of Rs 515.15 crore.
With the formation of the Kerala Co-operative Bank by merging district co-operative banks with state co-operative banks, affiliation of primary agriculture co-operative societies would be with the new Bank.
The VTB Capital led consortium is battling with ArcelorMittal for the steel asset. Both have faced questions on the eligibility of their bids.
The top court said the meeting of representatives of Amrapali Group and the home buyers shall be held at the Supreme Court consultation room on March 17.
Here are the top 10 iconic brands across the globe that have now disappeared.
On Wednesday, a report said that due to provisions of penalty on non-maintenance of minimum balance, SBI had closed 41.16 lakh savings bank accounts between April 1, 2017 and January 31, 2018.
The Supreme Court decision has made customers hesitant to share Aadhar details with mobile wallet companies.
H&M has 29 stores in 12 cities in India currently.
This service is free of cost for all travel insurance customers of the company where there is no queue time and the customer doesn’t need to fear a call drop.
In an interview to CNBC-TV18, Shekhar Bajaj, CMD of Bajaj Electricals spoke about the latest happenings in his company and sector.
In an interview to CNBC-TV18, Keshav Bhajanka, ED of Century Plyboards spoke about the MDF market and latest happenings in the company.