New Delhi: Mining group Vedanta Ltd on Thursday said it plans to raise up to Rs 1,000 crore by issuing debentures.Its directors have approved the allotment of 1,00,000 non-convertible debentures worth Rs 1,000 crore on private placement basis, the company said in a regulatory filing.The duly...
New Delhi: State-owned Power Grid Corporation's board on Wednesday approved a proposal to increase the borrowing limit for 2024-25 from Rs 12,000 crore to Rs 15,000 crore through various instruments.The board has also fixed the borrowing limit for 2025-26 at Rs 16,000 crore.The Board of...
New Delhi Capital markets regulator Sebi on Tuesday said it had sought public opinion on the proposed amendments to the master circulars for REITs and InvITs.In a consultation paper, Sebi said these amendments will provide clarity on the nomination rights of directors to the boards of...
New Delhi, Kalpataru Projects International Ltd (KPIL) on Tuesday said its board has approved a proposal to increase the limit for raising funds through issuance of NCDs to Rs 1,600 crore.As of today, the company has outstanding non-convertible debentures (NCDs) worth Rs 1,298 crore."The...
New Delhi: Delhi Health Minister Saurabh Bhardwaj on Monday reviewed the preparedness to deal with dengue in the national capital and issued instructions to take preventive measures.Bhardwaj held a meeting with medical directors and superintendents of government hospitals in the city to tackle...
New Delhi: Delhi Health Minister Saurabh Bhardwaj will hold a meeting with medical directors and superintendents of government hospitals on Monday on preparedness to deal with dengue, officials said here.He said that the meeting will be held in Delhi Secretariat."The meeting will be held...
New Delhi, Former McKinsey India head Adil Zainulbhai has been re-appointed chairman of Network18, billionaire Mukesh Ambani's listed media company, while veteran journalist Rahul Joshi has been given another three-year term as CEO .Zainulbhai is currently an independent director on the board...
Tel Aviv [Israel], Israel's Committee of Directors General on Foreign Workers, chaired by Yossi Shelley, Director General of the Prime Minister's Office, has approved additional quotas for more than 14,300 foreign workers to come to Israel to address the labor shortage. . From the ongoing war...
New Delhi: The ED on Wednesday said it arrested three people, including a chartered accountant and a resolution professional, as part of a money laundering probe related to an alleged bank loan fraud linked to the recovery of control of a company NCLT insolvent.Chartered accountant (CA) Rakesh...
New Delhi, Market regulator SEBI has cautioned the public against dealing in any property related to HBN Dairies & Allied Ltd.The warning came after the Supreme Court, in its order dated May 14, 2024, authorized the Securities and Exchange Board of India (SEBI) to sell the assets of HBN...
NTPC said in a regulatory filing, “The Board of Directors of the company, at its meeting held on Saturday, June 29, approved the issue of secured/unsecured, redeemable, taxable/tax-free, cumulative Is. /Non-cumulative, non-convertible debentures ('Bonds/NCDs') up to Rs 12,000 crore in one or...
New Delhi: The Financial Services Institutions Bureau (FSIB) on Saturday selected SBI's senior-most managing director C S Setty for the post of SBI Chairman.Setty is currently the Managing Director of SBI, looking after the International Banking, Global Markets and Technology verticals.He...
New Delhi, luxury cars such as Mercedes Benz and Lexus, and watch brands such as Rolex and Hublot, besides more than 140 bank accounts and lockers, were seized after the ED raided a Mumbai-based business group in a alleged bank loan fraud of Rs 975 million related to money. wash case.The...
New Delhi [India], The Delhi High Court has recently allowed a businessman, Umesh Shahra, to travel abroad by suspending the look-out circular (LOC) issued against him, following the view taken by the Bombay High Court in the judgment of 'Viraj Chetan Shah vs. Union of India & Ors.', in which...
Mumbai (Maharashtra) [India], The Board of Directors of UltraTech Cement Limited, at its meeting held on Thursday, approved financial investment to acquire 7.06 crore equity shares in The India Cements Limited (ICL).The move aims to secure approximately 23 per cent of the equity share capital...
New Delhi: Industry veteran A M Naik has decided to step down as chairman of LTIMindtree as well as L&T Technology Services, and S N Subrahmanyan will take over as chairman in his place from June 27, the two companies said in separate statements. .Naik, affectionately known as AMN, has been...
In Mumbai (Maharashtra) [India], AM Naik announced his decision to resign as Chairman of the company at the end of the 12th Annual General Meeting (AGM) of Larsen & Toubro Technology Services (LTTS) on June 26.According to a press release, the board of directors of LTTS, in a meeting held on...
However, the company suffered failures in its corporate governance structure, the government added.The investigation by the Ministry of Corporate Affairs (MCA) concluded that the allegations of account manipulation and siphoning of funds against Byju's "are unsustainable" and as such, referral...
New Delhi: Markets regulator Sebi on Tuesday revised its supervisory framework for stock exchanges and other market infrastructure institutions (IMIs), defining the structure and responsibilities of various statutory committees to improve governance.These guidelines are based on the...
New Delhi: FSIB, which searches for directors of state-owned banks and financial institutions, is scheduled to conduct interviews to select a suitable candidate for the post of chairman of State Bank of India (SBI).Last month, the interview was unexpectedly postponed without any specific...