Corporate

Uday Kotak, Kotak Mahindra Bank donates Rs 60 crore to fight Covid19

Uday Kotak, Kotak Mahindra Bank donates Rs 60 crore to fight Covid19 – Private sector lender Kotak Mahindra Bank and its managing director Uday Kotak on Sunday announced a Rs 60 crores donation to fight coronavirus pandemic. The bank will be donating Rs 25 crore to the “PM Cares Fund” and Rs 10 crore to Maharashtra […]

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MTNL to provide free 1-month access to servers for work from home

MTNL to provide free 1-month access to servers for work from home MTNL to provide free 1-month access to servers for work from home – For the enterprise customers’ employees to support work from home during the lockdown on this Thursday, state-owned telecom firm MTNL started offering free access to the office server. It will […]

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Get on With Corporate Bond Purchases, RBI

Get on With Corporate Bond Purchases, RBI Get on With Corporate Bond Purchases, RBI – Reserve Bank of India (RBI) with repurchase obligations (repo) in government securities of the order of Rs 1 lakh crore must prop up liquidity within the economic system slated in March when RBI has been boosting liquidity lately. But while […]

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Govt approves a package of Rs 13,760 cr to boost manufacturing of APIs

Govt approves a package of Rs 13,760 cr to boost manufacturing of APIs, medical devices in India Govt approves a package of Rs 13,760 cr to boost manufacturing of APIs, medical devices in India – An outlay of Rs 9,940 crore and Rs 3,820 crore for bulk drugs and medical devices has been approved by […]

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Ashok Paranjpe joins LIC Mutual Fund Trustee as an independent director

Ashok Paranjpe joins LIC Mutual Fund Trustee as an independent director Ashok Paranjpe joins LIC Mutual Fund Trustee as an independent director – Ashok Paranjpe, Managing Partner of Mumbai-based law firm MDP & Partners is joining the board of LIC Mutual Fund Trustee Pvt. Ltd. as an Independent Director. An alumnus of the Government Law […]

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Hero Electric opens 3 dealerships in Bengaluru

Hero Electric opens 3 dealerships in Bengaluru Hero Electric opens 3 dealerships in Bengaluru – The opening of three new dealerships have been announced by Hero Electric on Tuesday within the Bengaluru to further strengthen its presence within the city. Pulse Electrochem, Jaideep Motors, and VRS Motors are sales, service and spare equipped new dealerships […]

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NMDC Slashes Iron Ore Prices by Rs 50 per Tonne

NMDC slashes iron ore prices by Rs 50 per tonne NEW DELHI: NMDC slashes iron ore prices by Rs 50 per tonne – The prices of lump ore and fines by Rs 50 per tonne after the country’s largest ore miner NMDC on its high-grade ore reduced by Rs 50 to Rs 3,150 per tonne, […]

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IBC provides lifeline for distressed companies: Sahoo

IBC provides lifeline for distressed companies: Sahoo NEW DELHI: IBC provides lifeline for distressed companies: Sahoo – For stressed companies to save lots of them from premature death insolvency law provides a replacement lifeline, IBBI Chairman M S Sahoo said on Friday about the benefits of this code which provides for a time-bound and market-linked […]

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Bandhan Bank pips Indusind Bank to become 6th largest by market cap

Bandhan Bank pips Indusind Bank to become 6th largest by market cap MUMBAI: Bandhan Bank pips Indusind Bank to become 6th largest by market cap – Kolkata-based Bandhan Bank Ltd on Wednesday beat Indusind Bank Ltd to become the sixth most-valued bank in India. Data from BSE showed Bandhan Bank had a market capitalization of […]

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RBI allays depositors fears, assures safety of deposits

RBI allays depositors fears, assures safety of deposits RBI allays depositors fears, assures safety of deposits – The Federal Reserve Bank of India on Sunday allayed fears of bank depositors and guaranteed the security of their deposits. The banking regulator added that the proper thanks to measure a lender’s solvency was its capital to risk-weighted […]

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