Monday , October 21 2019
Home / BUSINESS (page 5)

BUSINESS

RBI levies Rs 1 crore penalty on Lakshmi Vilas Bank

Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Lakshmi Vilas Bank for non-adherence to guidelines on IRAC norms and divergence in respect of two NPA accounts aggregating to Rs 169.50 crore for the year ended March 31, 2017. Lakshmi Vilas Bank offers a wide ... Read More »

Shemaroo Entertainment planning to raise funds by various means

Shemaroo Entertainment is planning to raise funds by way of issue of equity shares or any other instruments or security including fully/partly convertible debentures or by way of a composite issue of non-convertible debentures and warrants entitling the warrant holders to apply for equity shares or right issue or any ... Read More »

Lemon Tree Hotels opens 142 room hotel in Kolkata

Lemon Tree Hotels has entered into Kolkata with the launch of its 142 room hotel – Lemon Tree Premier, New Town, strategically located in close proximity to the business and IT hub of New Town, SEZs, Rajarhat and Salt Lake. This new age contemporary hotel is the company’s second in ... Read More »

Adani Transmission to acquire stake in WRSSTL

Adani Transmission has signed share purchase agreement with REC Transmission Projects Company on October 14, 2019 for acquisition of its entire stake in WRSS XXI (A) Transco (WRSSTL). This is acquisition is in sync with the Company’s strategy to enhance the value for its stakeholders through organic as well as ... Read More »

HDFC reduces RPLR on Housing Loans

Housing Development Finance Corporation (HDFC) has reduced its Retail Prime Lending Rate (RPLR) on Housing Loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 10 basis points with effect from October 15, 2019. The change will benefit all existing HDFC customers. HDFC offers a whole gamut of ... Read More »

Thomas Cook introduces unique ‘Double Protection Program’

Thomas Cook (India) has introduced ‘Trip Protection Program’ and ‘Guaranteed Departures’, two unique offerings aimed at protecting the Indian traveller interests. The program ensure a stress free period between the booking and departure window, by guaranteeing departures, as well as reduced cancellation fees, in case of any unforeseen circumstances. Thomas ... Read More »

NCLAT asks JSW Steel to hold payment for Bhushan Power asset

The National Company Law Appellate Tribunal (NCLAT) has asked JSW Steel to put its plan of paying Rs 19,700 crore for Bhushan Power and Steel on hold, till further orders. Besides, the NCLAT asked the Enforcement Directorate (ED) to release the attached properties of Bhushan Power and Steel and directed ... Read More »

Bharti Airtel closes 3G network in Haryana

Bharti Airtel has closed its 3G network in Haryana and migrated customers to 4G services. The closure of 3G network is part of the company’s plan to gradually phase out the third generation services across the country. However, the company will continue to provide 2G services in Haryana to serve ... Read More »

Adani Gas, TOTAL to create India’s premier integrated gas utility

Adani Gas and TOTAL have signed definitive agreements to deepen their existing partnership and commitment for developing multi-energy offerings to the Indian energy market. Total will purchase 37.4% shares in Adani Gas through a tender offer to public shareholders to acquire up to 25.2% shares subject to applicable regulations and ... Read More »

Indian Hotels Company’s Ginger adds new hotel in Goa

Indian Hotels Company’s (IHCL) subsidiary — Roots Corporation’s Ginger has strengthened its presence in Goa with the opening of a new hotel in Madgaon in the state of Goa. Situated in the commercial and cultural capital of Goa, surrounded by some of the best beaches and major corporate hubs, Ginger ... Read More »