Mumbai, Markets regulator Sebi on Thursday decided to simplify the process of public issuance of debt securities to provide faster access to funds for such issuers.Under this, the Sebi board has decided to reduce the period for inviting public comments on the draft offer documents from 7...
New Delhi, East Central Railway has ordered station masters in its area not to issue the note authorizing drivers to cross signals in case of failure of the automatic signaling system, days after the goods train collision Kanchanjunga Express in another area will kill 10 people. people.The...
New Delhi, Sealdah Railway Division on Thursday withdrew an order suspending the issuance of T/A 912, a written letter of authority given to the train driver by the station master and allowing him to cross red signals in case of system failure automatic signals.In a new circular issued...
DGFT administers the Advance Authorization Scheme of the Foreign Trade Policy, which facilitates duty-free import of inputs for export production, including replenishment or duty exemption of inputs. Eligibility of inputs is determined by sector-specific criteria committees based on input-output...
PNNMumbai (Maharashtra) [India], June 20: Board of Directors of DJ Mediaprint & Logistics Ltd, leading provider of integrated printing, logistics and courier solutions in India and abroad has approved a 2:1 bonus issue. The board of directors of the company also approved the issuance of...
New Delhi, Leading independent power producer SEIL Energy India Limited has raised debt of Rs 250 crore through its maiden 5-year bond issuance on BSE.According to information available on BSE, the five-year bond issue (non-convertible debentures or NCDs) has a coupon of 8.45 per cent and will...
New Delhi, State Bank of India (SBI) on Friday said it has completed the issuance of USD 100 million (about Rs 830 crore) bonds to finance business growth.The funds were raised through senior unsecured floating rate notes with a maturity of three years and coupons of secured overnight...
Agartala (Tripura) [India] Jitendra Chaudhary, leader of the opposition in Tripura and Communist Party of India (Marxist) MLA, has termed the issuance of OB certificates in West Bengal as "a glaring example of administrative malpractice". Notably, the Calcutta High Court on Wednesday canceled...
New Delhi: The Enforcement Directorate has made the fifth arrest in its probe into a money laundering case involving a Rs 26 crore income tax refund fraud, the central agency said.Purshottam Chavan was arrested on May 20, a day after the agency raided his premises in Mumbai.Chavan has been...
“The HPCL Board of Directors has recommended the issue of one bonus share for two shares, subject to the approval of the shareholders. The record date for the bonus issue has been set for June 21. The board has also recommended a dividend of Rs 16.50 per share on the face value of equity shares...
New Delhi, Sebi on Tuesday imposed a fine of Rs 15 crore on Arun Panchariya for alleged fraudulent activities related to the issuance of Global Depositor Receipts (GDR) by Winsome Yarns Ltd.The latest ruling comes less than six months after appellate tribunal SAT had asked the watchdog to...
CHENNAI: The board of housing finance company Aptus Value has approved the issuance of non-convertible debentures worth up to Rs 2,250 crore, the Chennai-based company said on Saturday.Aptus Value Housing Finance India Ltd reported a 22 per cent rise in its profit after tax for the year ended...
New Delhi [India], The Reserve Bank of India (RBI) has issued instructions to banks regarding their exposure to the capital market, emphasizing compliance with the prescribed guidelines. In the latest circular, specifically relating to “Exposure of banks to the capital market – the issue of...
New Delhi [India], India has denied reports of issuance of OVISAs by Indian companies at the Bandaranaike International Airport (BIA) in Colombo https://twitter.com/IndiainSL/status/178600340586283030 [https://twitter. com/IndiainSL/status/1786003405862830307 The Indian High Commission in...
New Delhi: Muthoot Capital Services on Wednesday said it has raised Rs 40 crore through the issuance of commercial papers."The company has issued commercial paper (CP) worth Rs 40 crore due April 30, 2024, as per the guidelines issued by the Reserve Bank of India," Muthoot Capital Services...
Kolkata, UCO Bank on Monday said its board has approved the issuance of fresh equity shares worth Rs 4,000 crore in the current financial year.The Kolkata-based bank reported a net profit of Rs 525.77 crore for the fourth quarter ended March 2024, down 9.5 per cent compared to the same period...
Dubai [UAE], Bank of Sharjah acted as joint lead manager and bookrunner on a USD300 million Additional Tier 1 (AT1) 5.5-year Sukuk for Kuwait International Bank (KIB), alongside other international and regional banks. The transaction represents the first US dollar Additional Tier 1 (AT1)...
Incidentally, the ED has so far served six notices to Isaac to appear for questioning in a case related to the issuance of masala bonds by the first Pinarayi Vijayan government (2016-21), when Isaac was the state finance minister.Both Isaac and officials of the Kerala Infrastructure Investment...