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CAPITAL INFUSION
Government hikes authorised capital of FCI to Rs 10,000 cr
The government has raised the authorised capital of Food Corporation of India (FCI), the nodal agency for procurement and distribution of foodgrains, to Rs 10,000 crore from the erstwhile Rs 3500 crore. This was done with the aim of reducing its debt and interest cost.
Reliance Capital falls 3% as firm defaults on payment obligations
Making disclosure to stock exchanges regarding payment of interest and prin...
CarDekho raises $70 million to expand operations
Sequoia India is one of the early investors in CarDekho, having led the Series A round in 20...
Axis Capital maintains ‘buy’ on SBI, raises target price to Rs 400
Axis Capital maintains buy on SBI citing improvement in the bank’s RoAs/ RoEs with receding fears of NPL.
Full Text: RBI keeps powder dry, maintains status quo; here's why
Overall liquidity in the system remained in surplus in October and November 2019, MPC said.
Investment in Lakshmi Vilas Bank done through family wealth office: Rajesh Sharma, Capri Global
The 4.9% stake acquired at various points of time at different price points, from Rs 64 to Rs 14.
Asian stocks inch up on trade outlook but markets remain wary
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent.
HCL shareholders' approve proposals to hike authorised share capital, issue bonus shares
The company had sought shareholders' approval via postal ballot on October 26 for increase in authorised share capital and consequent alteration of the memorandum of association of the company, and issue of bonus shares.
YES Bank sells 17 lakh shares of Reliance Capital
The private sector lender sold 16,78,900 shares at an average price of Rs 16.26 apiece.
Australia shares extend losses as trade hopes wane; NZ slips
The S&P/ASX 200 index touched its lowest in a month, falling 1.6 per cent to 6,606.5 at the close of trade.
Equity vs debt capital: Here are five things to know
A company requires both equity and debt capital. Here are five things one should know about equity and debt capital. For instance, equity investors participate in the management of the business; debt investors do not.
Axis Bank more than doubles loan provisions for troubled sectors
The bank is maintaining a standard asset provisioning of 1 percentage point for bad loans in such sectors, as against the regulatory provision of 0.40 per cent, its executive director Rajiv Anand told .
Late-stage Indian startups bulk up its boards with independent hands
Oyo, Ola, Freshworks, Flipkart and Paytm are mong leading home-grown tech ventures that have brought in industry veterans to address compliance and governance issues.
CAMS investors look for partial exit via IPO
New York-based $79 billion private equity firm Warburg Pincus is the largest shareholder with 43.5 per cent in the company.
Xiaomi in talks to back bike taxi app Rapido
Rapido was founded by Aravind Sanka, Rishikesh S R and Pavan Guntupalli in 2015 and also counts Hero MotoCorp MD Pawan Munjal among its investors.
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