Thursday, January 21, 2021

supratikanandi

Air India withdraws job offers for around 180 trainee cabin crew members

On Sunday, Air India withdrew job offers for around 180 trainee cabin crew members between the economic slowdown in the Indian aviation sector due to the COVID-19 pandemic. “The airline has decided to not move ahead with the job offers...

Gland Pharma files IPO papers with SEBI, likely to raise Rs 6,000-7,000 crore

Hyderabad-based pharmaceutical company Gland Pharma has listed a draft red herring outline in the supervision of capital market regulator SEBI for its intended initial public offering on July 10. The IPO contains an original issue of up to Rs 1,250...

PNB declares another fraud worth $226 Million

On Friday, Punjab National Bank, India’s second-largest state-run lender that has been gone through a chain of new scandals, declared it had set aside about 17 billion rupees ($226 million) for a scam connected to an insolvent shadow financier. On...

India’s biggest private banks fear doubling of NPAs due to Covid-19 lockdown to 5% in FY21

Top five private sector banks may witness their slippages exceeding to 5 percent this fiscal due to the weak loan offtake. The moratorium-centric reduction in net interest margins warns a report. The five banks, namely HDFC Bank, ICICI Bank, Axis...

Franklin Templeton mutual fund receives Rs 1,252 crore payment from Vodafone Idea

On Friday, Franklin Templeton Mutual Fund informed it had accepted a payment of Rs 1,252 crore from Vodafone Idea Ltd, which will be allocated among investors of the segregated portfolios. There are six projects -- Franklin India Ultra Short Bond...

Central govt plans to raise Rs 20,000 crore by selling stakes in CIL, IDBI Bank

The Union government is analyzing a plan to raise as much as Rs 20,000 crore by trading a stake in the world’s largest coal producer. IDBI Bank to finance an incentive programme directed at building the virus-battered economy, officials...

BP pays Reliance $1 billion to set up petrol stations in India

BP has paid Reliance Industries an amount of $1 billion to build a collective network of thousands of petrol stations across India to penetrate the country's fast-growing energy demand. On Thursday, in a statement it announced, BP will hold 49%...

Tata Consumer Products to collectively form a new FMCG Company

Tata Consumer Products Ltd., recently established by the incorporation of Tata Global Beverages and Tata Chemicals, strives to be an all in one FMCG company, its Chairman N Chandrasekaran announced on Monday. The alliance, which took impact from February, will...

BillDesk plans to sell-off entire business for $2.5 billion

Domestic payment gateway BillDesk yet again entered the market scanning for customers after its promoters tried to sell it unsuccessfully a couple of years ago. However, this time, all the BillDesk promoters are striving to sell-off the whole business...

Amazon and Google to face stricter rules after India’s latest e-commerce draft

India’s latest e-commerce strategy plan involves steps that could help local startups and require government overlooking on how companies handle data. The government has been managing on the policy for at least two years among calls to diminish the dominance...

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