Kishore Biyani led Future Enterprises Ltd. announced the reappointment of Mr. Vijay Biyani as the Managing Director of the retail chain and branding company for the period of 3 years.
Anil Ambani led Reliance Capital announces delay in principal payment to Non-Convertible Debentures (NCD) holders which was due on September 7, 2020 with respect to the Non-Convertible Debenture (ISIN – INE013A071M3).
PNC Infratech Limited in Joint Venture (JV) with SPML Infra Limited has been declared as the lowest bidder for Construction of Haraulipur' Water Supply Project for Rs 289.83 crore.
The public issue of Happiest Mind Technologies seen a 1.65 times subscription on its first day, Monday. It received bids for 3.84 crore equity shares against IPO size of over 2.32 crore shares, as per the data available on exchanges.
The electric vehicle company BluSmart today announced that it has raised Rs 51 crore ($7 million) in funding from multiple investors. This is done with a view to fund the capital investment expenditure for long term sustainability and competitiveness.
Paytm Money reports to have touched the customer base of 6.6 million. In effect it has surpassed Zerodha, one of the largest retail brokerage firms in the country, by volume.
The Employees' Provident Fund Organisation (EPFO) records negative returns on its investments of Rs 1 lakh crore in exchange-traded funds (ETFs).
SBI Life Insurance has announced the conclusion of term of three of its independent directors.
HDFC Ltd has disbursed subsidy amounting to Rs 4,700 crore to over 2,00,000 homebuyers under the Pradhan Mantri Awas Yojana (PMAY) Credit Linked Subsidy Scheme (CLSS) becoming the first lender to do so. It has also approved home loans of over Rs 47000 crore. The Credit Linked Subsidy Scheme (CLSS) was introduced in June 2015 under the Pradhan Mantri Awas Yojana (PMAY) for home loans to customers from the Economically Weaker Section (EWS), Low Income Group (LIG) and was extended to the Middle Income Groups (MIG) from January 2017.
Ramco Industries Ltd. invests Rs. 2.35 crore in Lynks Logistics Limited by way of subscribing to 2,35,57,254 equity shares of Re.1/- each, through their Rights Issue. It had previously invested Rs 5 crore in the logistics company.
Happiest Minds Technologies Ltd. raises Rs 315.90 crore equity capital, ahead of its IPO next week. Happiest Minds is a IT company headquartered in Bangalore, India with operations in the U.S., UK, Canada, Australia and Middle East.
Jubilant Life Sciences Ltd. announced on Saturday that its Chief Financial Officer (CFO), Mr. Alok Vaish has resigned from the post. He will continue office till September 11 before taking leave. The company posted a profit of 88 crore in Q1 FY2021, a fall of 52% YoY.
State owned Bharat Petroleum Corp Ltd (BPCL) has approved to offer its employees stock options at one third of the market price ahead of its privatisation as Expression of Interest (EoI) which is due on September 30. The board of BPCL "approved the proposed Employee Stock Purchase Scheme (ESPS) to the specified employees through the trust mechanism, subject to the approval of the shareholders".
South Indian Bank on Friday said its board has approved raising up to Rs 1,250 crore through a combination of equity and debt instruments. Rs 750 crore will be raised through issuance of equity instrument and Rs 500 crore will be raised through debt instruments. The Board also granted 1,50,000 options to Sri. V G Mathew, Managing Director & CEO under the 10th Tranche of SIB ESOS- 2008.
Pricol Ltd. on Friday announced that the Board has approved the rights issue of up to Rs 100 crore to raise funds from the market. The record date for the distribution of equity shares will be notified later on.
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