The air quality index was recorded at 334 on Saturday. All construction activities involving excavation have been stopped. Civil construction has also been suspended in Delhi and other NCR districts. All stone crushers and hot mix plants generating dust pollution have been closed.According to officials, Air Quality of Delhi is expected to remain in very … Read more
Apollo Micro Systems has received an approval for the enhancement of ICICI Bank Working Capital Limits aggregating up to Rs 250 million. The Board of Directors of the company at their meeting held on November 01, 2018, approved the same. The Hyderabad-based company is in the business of designing, development and manufacturing of electronics and … Read more
Syndicate Bank has received capital infusion of Rs 728 crore from the government in lieu of preferential allotment of shares. The finance ministry had conveyed to the bank on October 17 of getting government sanction for release of Rs 728 crore towards contribution of the preferential allotment of equity shares during 2018-19 under plan as … Read more
State Bank of India (SBI) has received an approval to raise equity capital up to an amount of Rs 20,000 crore during FY19 from the market by way of FPO/QIP/Preferential allotment/Rights Issue/any other mode or a combination of these, to be decided at the opportune time subject to the approval of shareholders, Reserve Bank of … Read more
South Indian Bank has decided to augment the capital by issue of Basel III compliant Tier II Bonds not exceeding Rs 500 crore in one or more tranches with or without green shoe option, on such terms and conditions as it may deem fit, subject to the approval of regulatory authorities, if any. The Board … Read more
Aditya Birla Capital has incorporated a new Wholly Owned Subsidiary in the name of ‘Aditya Birla Capital Investments’ with effect from October 12, 2018. Aditya Birla Capital is one of the largest financial services players in India. Bhupendra Singh ChundawatBhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the … Read more
Reliance Capital’s wholly owned subsidiary — Reliance Health Insurance has received R3 approval from Insurance Regulatory and Development Authority (IRDAI) for its new health insurance business. The new company will commence operations by the December quarter of 2018. Reliance Capital, a part of the Reliance Group, is one of India’s leading private sector financial services … Read more
