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Federal Bank launches QIP to raise Rs 2000 crore

Federal Bank has launched a qualified institutional placement (QIP) to raise Rs 2000 crore, with an option to increase the amount by Rs 500 crore. The bank’s credit committee, and investment & raising capital committee has authorised the opening of the QIP of shares on June 21, 2017. The floor ... Read More »

RCom starts monetising real estate assets to pare debt

In its efforts to pare debt, Reliance Communications (RCom) has started the process to monetise its real estate assets in Delhi and Mumbai. The company is saddled with Rs 45,000-crore debt. It has got a seven-month reprieve from banks to service the debt. The company is eyeing to sell or ... Read More »

Sun Pharmaceutical Industries informs about company updates

Pursuant to the requirements of Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, Sun Pharmaceutical Industries has informed about the details of the result of remote e-voting, postal ballot and poll conducted at the NCLT convened meeting of equity shareholders of Sun Pharmaceutical Industries held on ... Read More »

Tata Consultancy Services features as one of America’s Civic 50

Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organisation, was recognised in The Civic 50 as one of America’s 50 most community-minded companies by Points of Light, the world’s largest organisation dedicated to volunteer service. The Civic 50 provides a national standard for superior corporate ... Read More »

RBI lifts restriction on foreign investment in IDFC

Reserve Bank of India has notified that the foreign shareholding by Foreign Institutional Investors (FIIs)/ Foreign Portfolios Investors (FPIs) in IDFC have gone below the prescribed FII/FPI investment limit. Accordingly, the restrictions placed on the purchase of shares by FII/FPI of the company are withdrawn with immediate effect. IDFC is ... Read More »

Smallcapworld Fund buys 7.60 lakh shares of Suprajit Engineering

Smallcapworld Fund Inc bought 7.60 lakh shares of Suprajit Engineering on June 20, 2017. The company has bought the same at Rs 326 per share on the NSE. The latest book value of the company is Rs 36.44 per share. At current value, the price-to-book value of the company was ... Read More »

HDFC Bank enters into partnership with ZineOne

HDFC Bank has partnered with ZineOne to provide rich digital banking experience to its customers across all digital channels. As part of this partnership, ZineOne will deploy its innovative Customer Interactions Hub (CIH) to provide personalized, seamless, and rich digital banking experiences across all digital banking channels of the bank. ... Read More »

BNP Paribas Arbitrage buys 17.07 lakh shares of Prakash Industries

BNP Paribas Arbitrage has bought 17.07 lakh shares of Prakash Industries at Rs 93.10 on the NSE on June 20, 2017. However, Elara India Opportunities Fund has sold 20.75 lakh shares of the company at Rs 93.09. Prakash Industries is an integrated steel and power company. Its products include coal ... Read More »

Mindtree unveils ‘Mindtree Integrated Services’

Mindtree, a global digital transformation and technology services company, has introduced Mindtree Integrated Services. The service combines next-practice methods and tools to tightly integrate infrastructure and applications into a unified foundation that provides up to 30% cost savings from traditional operating models. Mindtree Integrated Services achieves this by seamlessly tying ... Read More »

Glenmark receives tentative ANDA approval for generic Vesicare Tablets

Glenmark Pharmaceuticals Inc., USA (Glenmark) has been granted tentative approval by the United States Food & Drug Administration (USFDA) for Solifenacin Succinate Tablets, 5 mg and 10 mg, the generic version of Vesicare Tablets, 5 mg and 10 mg of Astellas Pharma US Inc. According to IMS Health sales data ... Read More »