India’s state-run UCO Bank said it has $411.82 million in exposure to fraudulent transactions carried out at Punjab National Bank (PNB).
The Railways will provide space for electric vehicle charging stations at the parking lots of train stations to promote the use of green energy.
Apart from developments on the domestic front, the Indian equity markets would seek direction from global markets during the coming week, said market analysts.
The combined market valuation of five of the 10 most valued companies fell by Rs 38,724.25 crore last week, with SBI being the worst hit.
John Energy, backed by ace investor Rakesh Jhunjhunwala, has filed draft papers with Sebi to raise an estimated Rs 350 crore through an initial public offering.
Markets spirited attempt reclaim its stature after two weeks of slump were frustrated by PNB fraud shocker as both the Sensex and Nifty managed to close the week flat.
State Bank 0f India said it will issue equity shares to government at a price of Rs 300.82 a piece against a capital infusion of over Rs 8,799.99 crore.
Flemingo Travel Retail has filed preliminary papers with the capital markets regulator Sebi to garner Rs 2,600 crore through an initial share-sale.
Infosys, India's second largest software services firm, said it has divested its investment in OnMobile Systems Inc for USD 2.49 million.
Both the indices ended flat for the week. The Sensex rose marginally by 5 points, while the Nifty slipped by 2.65 points.
US dollar ends higher against rupee
Mumbai: The US dollar ended sharply higher against the rupee at 64.21/22 per dollar and the pound sterling also finished higher at Rs 90.34/36 per pound at the close of the Interbank Foreign Exchange (forex) market here today.
Following are the Interbank forex and RBI rates: (In Rs per unit) Unit Interbank RBI Reference US Dollar 64.21/22 US Dollar Rs 63.9097 Pound Sterling 90.34/36 Euro Rs 80.1683 Euro 80.18/20 Japanese Yen (100) 60.50/52
Approves Allotment Of 24.9 Mn Shares On Preferential Basis To 8 Investors
Approves Allotment Of 24.9 Mn Shares At Rs 1,726.05/Share
MAHINDRA & MAHINDRA
To invest in Zoomcar India, Zoomcar Inc, U.S.
To invest Rs 176 cr in Zoomcar India
Initial investment in Zoomcar India likely to be completed by Feb 20
Additional investment in Zoomcar India expected to be completed by Aug 31
Co’s stake to increase to 16%
RBI inspection had found diversion of funds within group firms
Funds to the tune of Rs 525 cr given to intermediary borrowing cos
Religare Finvest increased corporate loan book against RBI’s directions
RBI has asked for clarity on rollover of fixed deposits with a bank
Findings suggested continued weakness of internal controls
Economic Times Reports
SC Allows Sale Of Fortis Health Shares Pledged With Lenders
SC allows Axis Bank, Yes Bank to sell, transfer pledged share of Fortis
Earlier, SC had restrained financial institutions from selling pledged shares
Business Standard Reports
Granted European GMP certification from Hungarian regulators for Mfg plant at Goa