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Union Bank of India raises Rs 750 crore via bonds

Union Bank of India has raised Rs 750 crore by issuing 7,500 non-convertible, unsecured subordinated Basel III compliant perpetual debt instruments for inclusion in additional tier-I capital.  The bond is issued for face value of Rs 10 lakh each at par aggregating to Rs 750 crore on private placement basis. ... Read More »

Bank of India to raise Rs 204 crore by issuing shares to LIC

Bank of India has decided to raise Rs 204.42 crore by issuing shares to Life Insurance Corporation of India (LIC). The shareholders at the extra ordinary general meeting held on March 30, 2017 approved to allot 1.75 crore shares on preference basis to LIC at Rs 116.81 per share. The ... Read More »

Kotak Mahindra Bank to raise Rs 5,370 crore

Kotak Mahindra Bank has received its board’s approval to issue of 6.20 crore shares to raise approximately Rs 5,370 crore. The fund raising will see the bank’s equity base diluted by 3.37%. The bank could raise the fund through any means the board decides appropriate, including rights issue, private placement, ... Read More »

UPL inks pact with Benmore Technologies

The company has not disclosed any financial details of the deal. UPL has entered into an agreement with Benmore Technologies to sell its entire stake, including all assets and liabilities, in Gibraltar-based step-down subsidiary Agro Trading. However, the company has not disclosed any financial details of the deal. UPL (formerly ... Read More »

MTNL to offer 2GB of 3G data per day from April 1

State-run MTNL is all set to offer 2GB of 3G data per day and unlimited calling within its network for Rs 319 from April 1. The plan will remain valid for 28 days after which MTNL customers will have to recharge with same value for availing benefits. This promotional offer ... Read More »

Ayursundra Hospital to conduct media clinic at Press Club

Guwahati:  Newly inaugurated healthcare institute of northeast India, Ayursundra Superspeciality Hospital will conduct the next weekly evening OPD clinic at Guwahati Press Club on Saturday (1 April 2017) for the benefit of its members and their dependants. Opened on 9 February at Gorchuk locality in the city, the hospital is ... Read More »

Sensex Ends 172 Points Higher, Nifty Settles Above 9,100

The BSE Sensex ended 172 points higher while the NSE benchmark Nifty settled above the 9,100 mark on Tuesday as banking shares rallied. Recovery in other Asian share and a positive opening in European markets also supported sentiments on Dalal Street. However, analysts believe that gains are likely to be ... Read More »

Rupee Rally Continues, Hits 17-Month High Against Dollar

The rupee rose to fresh a 17-month high against the US dollar on Monday, helped by increased selling of US currency by banks and exporters. The rupee strengthened by 28 paise to 65.13 on Monday against the dollar in early trade, continuing its bull run from last week. Banks and ... Read More »

McD app ‘leaks’ info of 2.2 million users, company denies it

NEW DELHI: Personal data of more than 2.2 million users has leaked from McDonald’s India app, McDelivery, cyber security firm Fallible said. The leaked data includes name, phone number, email addresses, home addresses, accurate home-coordinates and social profile links. Cyber security experts said hackers could use the information to access financial ... Read More »