Today's Top Gainer
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SBI Cards and Payment Services, the country's second-largest credit card issuer, is expected to be the superstar IPO of 2020, as per experts. SBI Cards grey market price was actively quoting around Rs220-235 per share," Prashanth Tapse, AVP Research at Mehta Equities told Moneycontrol.
Source : MoneyControl | Mumbai 09:48 IST | February 22, 2020
The US Food and Drug Administration (US FDA) on Friday revoked the Establishment Inspection Report(EIR) issued on February 18 for Aurobindo Pharma Limited's Unit IV injectable formulations unit.
Source : Business Standard | Mumbai 23:38 IST | February 21, 2020
The Department of Telecommunications (DoT) is learnt to have cleared Bharti Infratels mega merger deal with Indus, sources said, paving the way for creating one of the worlds largest telecom tower companies with over 1,63,000 towers, and also offering a much needed avenue for beleaguered Vodafone Idea to raise funds to clear a portion of its massive AGR dues to the government.
Source : economictimes | Mumbai 22:35 IST | February 21, 2020
The Department of Telecom (DoT) on Friday approved the merger of the country's largest mobile tower company Indus Towers with Bharti Infratel, according to official sources. The combination of Bharti Infratel and Indus Towers will create a pan-India tower company with over 163,000 towers, operating across all 22 telecom service areas.
Source : Business Standard | Mumbai 21:46 IST | February 21, 2020
Drug firm Alkem Laboratories on Friday said it has received two observations from the US health regulator after inspection of its Baddi facility in Himachal Pradesh. "At the end of inspection, the company has received a Form 483 with two observations," it added.
Source : Business Standard | Mumbai 21:09 IST | February 21, 2020
IDFC First Bank is raising up to Rs2,000cr in tier-II debt capital via bonds to strengthen capital base, improve buffers and support business growth. The strategy of the bank has been to conserve capital by not increasing the loan book and yet raise margins by growing the proportion of retail book.
Source : Business Standard | Mumbai 20:47 IST | February 21, 2020
Wipro Digital, the digital business unit of IT major Wipro, on Friday said it has acquired digital customer experience (CX) firm Rational Interaction. Investment Bank CG/Petsky Prunier, part of Canaccord Genuity, served as the exclusive financial advisor to Rational Interaction in the transaction, it added.
Source : MoneyControl | Mumbai 18:15 IST | February 21, 2020
Gold loan company Muthoot Finance Ltd announced on Friday that it has raised $550mn in senior secured notes for a three-and-half-year tenure. Following strong order book momentum supported by high quality real money investors, it was able to tighten the pricing by 35bps to 4.400%, the company added. The deal had 38% participation from Asia, 13% from Europe and 50% from the US.
Source : Business Standard | Mumbai 18:13 IST | February 21, 2020
The Mumbai bench of the National Company Law Tribunal (NCLT) has reserved its order on the plea of the promoter of Dewan Housing Finance (DHFL) to be present in the meetings of debt-laden non-banking finance company (NBFC).
Source : economictimes | Mumbai 17:50 IST | February 21, 2020
The National Company Law Appellate Tribunal has dismissed the Lloyd Insultations' plea to initiate insolvency proceedings against Sintex Prefab and Infra. Lloyd Insultations had submitted that there was no pre-existence of dispute and e-mail etc relied upon does not suggest any dispute with regard to services rendered by it.
Source : MoneyControl | Mumbai 17:31 IST | February 21, 2020
On 20 February 2020...
capital market | Mumbai 17:28 IST | February 21, 2020
Groupe ADP set to acquire 49% stake in GMR Airports for Rs 10,780 cr...
capital market | Mumbai 17:22 IST | February 21, 2020
Reliance Industries' move to consolidate its media and distribution businesses under one entity Network18 Media & Investments will create a cleaner structure and make the merger of entertainment channels with Sony less likely, experts said. "It, however, helps RIL improve customer stickiness with the potential to offer bundled products in the future and better analyse customer trends/segmentation," it added.
Source : Business Standard | Mumbai 17:11 IST | February 21, 2020
Dr Reddys Laboratories receives EIR for facility at Duvvada...
capital market | Mumbai 16:57 IST | February 21, 2020
Adani Enterprises announces incorporation of two step-down subsidiaries...
capital market | Mumbai 16:52 IST | February 21, 2020
With immediate effect...
capital market | Mumbai 16:50 IST | February 21, 2020
With effect from 20 February 2020...
capital market | Mumbai 16:36 IST | February 21, 2020
At meeting held on 20 February 2020...
capital market | Mumbai 16:22 IST | February 21, 2020
TCS features amongst Fortune Best Big Companies to Work For? in 2020...
capital market | Mumbai 16:20 IST | February 21, 2020