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30 March 2015, 19:44

Corporation Bank, LIC sign MoU on PMJJBY

Corporation Bank and Life Insurance Corporation of India, have signed memorandum of understanding (MoU) for implementing “Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)”, central government’s ambitious scheme to bring entire nation under the ambit of ...
Times of India, 12 min(s) ago
Also from: Business Standard, Money Control and 4 other sources

GVK to file up to $250mn IPO for airport unit soon: Sources

GVK has mandated Citigroup , Bank of America-Merrill Lynch , Axis Capital and JM Financial Services to manage the IPO for unit GVK Airport Developers Pvt Ltd , the sources added.
Money Control, 40 min(s) ago
Also from: Business Standard, Silicon India and 4 other sources

Sebi restricts 2 cos from raising funds

has barred three firms from raising funds through securities while also restricting them and their respective directors from dealing in stock markets. The companies -- Fantasy Infraventure & Agrimart India Ltd, Equinox Infratech Ltd and Morningstar Ventures ...
Business Standard, 7 min(s) ago
Also from: Economic Times, Money Control and 1 other source

Income Tax officer held in graft case

for allegedly demanding and accepting a bribe of Rs. 75,000 for reducing the tax assesement from Rs four lakh to Rs 50,000 only. The agency sources said a case under Prevention of Corruption Act has been registered against Income Tax officer Preeta ...
Business Standard, 7 min(s) ago
Also from: Business Standard, Money Today and 3 other sources

Rupee falls 26 paise on fresh dollar demand

Strong rebound in local equities restricted the rupee's fall The rupee ended lower by 26 paise at 62.67 against the US currency due to renewed month-end demand from importers for the dollar. Fresh capital outflows and dollar gains in overseas markets also weighed on the rupee, while strong rebound in local equities restricted the rupee's fall, a dealer said. At Interbank Foreign Exchange (Forex) market, the domestic currency resumed weak at 62.55 per dollar from previous close of 62.41 and ..., 51 min(s) ago
Also from: Business Standard, IBN Live

Sensex closes 522 points up

A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), provisionally closed on Monday with healthy gains ending 522 points or 1.90 percent up.The wider 50-scrip Nifty of the National Stock Exchange (NSE) also gained substantially ...
Prokerala, 3 hour(s) ago
Also from: Business Standard, Silicon India and 5 other sources

Taj Group enters Dubai with 296-room luxury hotel

The Taj Group has opened a 296-room luxury hotel in Dubai's prestigious Burj Khalifa downtown area, taking its number of properties to 128. Taj Dubai comprises club rooms, 16 junior suites and 15 luxury suites with panoramic views of the Burj Khalifa, the tallest building in the world, and the gigantic Dubai Mall, the company said in a statement here today. It also has two lavish apartments - Maharaja Suite and the 680-square meter Presidential Suite covering the entire 35th floor. Established ..., 1 hour(s) ago
Also from: Business Standard

Practice before you preach? No woman on Sebi's board despite directive to companies

The Securities and Exchange Board of India (Sebi), the regulator of stock markets, does not have a single woman director on its board. The Board has one chairman, three whole-time members, two members representing the Government of India – one each from the ...
First, 1 hour(s) ago
Also from: Money Control, Economic Times

Ashok Leyland divests 48.5% equity stake in ALWEL

, the 2nd largest commercial vehicle manufacturer in India, announced that the company has divested 48.5% equity stake held in Ashok Leyland Wind Energy (ALWEL) to a buyer and all the relevant agreements to this effect have been signed and closing of the deal ...
Myiris, 1 hour(s) ago
Also from: Money Today, Money Control and 1 other source

Coal scam: CBI awaits nod on sanction to try two officials

CBI today informed a special court that it was awaiting the response of competent authority on grant of sanction to try two public servants for their alleged role in a coal blocks allocation case involving Nagpur-based Grace Industries Ltd (GIL) and ...
Business Standard, 2 hour(s) ago
Also from: The Financial Chronicle, Money Control and 1 other source

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