has reduced Retail Prime Lending Rate by 10 bps. Lending rate on adjustable rate home loans reduced by 10 bps. New rates with effect from Oct. 15. New Rates will now range between 8.25% to 8.65%.
VTB Capital acquired the right to direct disposal of 10.71% stake in Zee Entertainment Enterprises
held by promoter Essel Media Ventures, if required. VTB Capital also stated that it would willingly cease all enforcement action and release encumbrances upon repayment of outstanding amounts under the loan facility.
Indiabulls Housing Finance
's Board intends to go for a buyback of shares and will take final decision in this regard after receiving concurrence from market regulator Securities and Exchange Board of India.
Enforcement Directorate seized and identified movable and immovable assets worth more than Rs3,830cr owned by HDIL, its Directors / Promoters, PMC Bank officials and others related entities in the PMC Bank fraud case.
ExxonMobil has allied with Indian Oil Corporation to explore growth opportunities in the country. Collaboration to explore ways to accelerate India’s access to cost-effective natural gas.
JSW Energy’s resolution plan for Ind-Barath Utka which owns 700 MW under-construction thermal power plant in Odisha gets approved by committee of creditors. Transaction is subject to necessary regulatory approvals including those from National Company Law Tribunal.
Yes Bank stated that they have sold 5.1 crore shares or 6.77% equity of Fortis Healthcare in various tranches from June 30 till Oct. 14.
Adani Transmission signed agreement and completed the acquisition of SPV WRSS XXI (A) Transco, incorporated by REC Transmission Projects Company. Adani Transmission had won this project through a Tariff Based Competitive Bidding process, and received the Letter of Intent in July 2019 and the company will build own, operate and maintain the transmission project in the state of Gujarat for a period of 35 years.
Lemon Tree Hotels has launched 142 room Hotel in Kolkata.
Technocraft Industries has started production of Melange Yarn at Murbad and started trial production of cotton yarn at its new unit at Amaravati.
Canara Bank said that’s its two employee unions will be on strike on Oct. 22.
Andhra Bank decreased its MCLR and Repo Linked Rates across various tenors. One-month Marginal Cost of Funds based Lending Rate at 7.85% and one-year MCLR at 8.3% with effect from Oct. 15. The Repo Linked Rate would be reduced from 8.35% to 8.1% with effect from Nov. 1.
The Reserve Bank of India imposed penalty of Rs75 lakh on Syndicate Bank on account of delay in fraud reporting and upfront disbursal of housing loans in cases of incomplete/ under-construction/green field housing projects.
Union Bank of India has set issue price at Rs70.9/share for 166 crore shares aggregating to Rs11,768cr, which will be issued to the government. Post the capital infusion program, government’s stake will rise from 74.27% to 86.75%.
RBI imposed penalty of Rs1cr on Lakshmi Vilas Bank due to violation of RBI Income Recognition and Asset Classification norms.
Dollar Industries' chief financial officer Lalit Chand Sharma resigns w.e.f. November 01, 2019
Transformers and Rectifiers's chief financial officer Devendra Kumar Gupta resigns w.e.f. November 02, 2019
Bank of Baroda's P. S. Jayakumar ceases to be managing director & CEO of the company
Fitch Assigns 'BB+' rating to Muthoot Finance's USD 2 billion MTN programme