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PFC’s Rs 5000 crore bond issue subscribed 94 pc on first day
New Delhi, Jan 15 (PTI): State-run Power Finance Corporation’s Rs 5,000 crore taxable non-convertible debentures issue was subscribed 94 per cent on the first day on Friday and is likely to close on Monday, a source said. Power Finance Corporation (PFC) has planned to raise Rs 10,000 crore through NCDs in two tranches. The first […]
Press Trust of IndiaJanuary 23, 2021/2:11 PM IST -
What is UPI and how does it work?
UPI is a single platform that merges various banking services and features under one umbrella. It allows the transfer of money from one bank account to another instantly via one’s mobile phone. Payments can be made via an app on a mobile device only. The money transfer via UPI works on a 24×7 basis. To […]
Money9January 23, 2021/2:05 PM IST -
Budget 2021: ‘Halwa Ceremony’ kickstarts process of compilation Budget documents
New Delhi: Finance Minister Nirmala Sitharaman, Minister of State for Finance Anurag Thakur and senior officials of the Finance Ministry on January 23 participated in the symbolic ‘Halwa Ceremony’ that marks the beginning of compilation of budget documents. Unlike the past, the voluminous budget documents will not be printed this year following the COVID-19 protocol […]
Press Trust of IndiaJanuary 23, 2021/1:38 PM IST -
YES Bank reports Q3 net at Rs 147 crore; Covid ups stressed assets
Private sector lender YES Bank on January 22 reported a consolidated net profit of Rs 147 crore for the December quarter and a jump in asset quality stress due to Covid-19. The bank had posted a loss of Rs 18,564 crore in the year-ago period, when it recognised all the hidden stress in the balance […]
Press Trust of IndiaJanuary 23, 2021/11:43 AM IST -
Stove Kraft mobilises over Rs 185 crore from anchor investors ahead of IPO
Stove Kraft Ltd, manufacturer of kitchen appliances, has raised a little over Rs 185 crore from anchor investors ahead of its initial public offer, which will open for subscription on Monday. A total of 48,22,290 shares have been allotted to 32 anchor investors at Rs 385 apiece, which is the upper end of the price band. […]
Press Trust of IndiaJanuary 23, 2021/11:03 AM IST -
Supreme Court to decide on distribution of money to Templeton unitholders after hearing objections to e-voting
New Delhi: The Supreme Court has said it would decide on distribution of money to Franklin Templeton unitholders after hearing the submissions objecting to the e-voting process for winding up the mutual fund’s six schemes. A bench headed by S A Nazeer granted three days for filing of objections to the e-voting on winding up […]
Press Trust of IndiaJanuary 23, 2021/11:02 AM IST -
IRCTC to resume e-catering services from February
New Delhi: In a big relief to passengers, IRCTC will resume its e-catering services from next month. Due to onset of the COVID-19 pandemic and the consequent unprecedented lockdown, e-catering services were suspended on March 22, 2020. IRCTC, the catering and tourism arm of the Indian Railways, is going to restart its e-catering services for […]
Press Trust of IndiaJanuary 23, 2021/10:40 AM IST -
Indigo Paints IPO subscribed 117 times; key things you should know
Indigo Paints’ Rs 1,170-crore initial share-sale garnered an overwhelming response from investors and was subscribed 117 times on the final day of bidding on January 22. Here are the key things you should know about the public offer: 1) The IPO has received bids for 64.58 crore shares against an offer size of 55.18 lakh […]
Money9January 23, 2021/10:38 AM IST -
Budget 2021 must build on recent reforms in labour, education: HR experts
New Delhi: The upcoming budget must build on recent reforms in labour and education and the government should continue to provide policy as well as financial support for skilling to ensure that the workforce in India is future ready, say HR experts. The scale of provisions under the Digital India mission and the Skill India […]
Press Trust of IndiaJanuary 23, 2021/9:15 AM IST
