News Overview

The Board of India Steel Works at its meeting held on 11 January 2022 has approved the raising of funds up to an aggregate amount not exceeding Rs 50 crore by way of a rights issue The Board also approved increase in authorised share capital of the company

The Board of Federal Bank at its meeting held on 12 January 2022 has approved the issuance of Unsecured Basel III Tier-II Subordinate Bonds in the nature of Debentures amounting up to Rs 700 crore on a private placement basis

Longview Tea Company will hold a meeting of the Board of Directors of the Company on 19 January 2022

Kewal Kiran Clothing will hold a meeting of the Board of Directors of the Company on 27 January 2022

The equity shares of Ascensive Educare Scrip Code 543443 are listed effective 12 January 2022 and admitted to dealings on the Exchange in the list of TS Group Securities

The Board of Ugro Capital at its meeting held on 12 January 2022 has made an allotment of 350 rated secured senior listed transferable redeemable non-convertible debentures having face value of Rs 1000000 each for cash at par aggregating to Rs 35 crore though private placement basis

Colgate-Palmolive India will hold a meeting of the Board of Directors of the Company on 27 January 2022

Aptech will hold a meeting of the Board of Directors of the Company on 19 January 2022

HCL Technologies reported 15.69% yoy growth in total revenues for the Dec-21 quarter on consolidated basis at Rs22,331cr

We will also look at some unique aspect of the Indian Budget process like the “Halwa Ceremony†and why it is done. Over to the budget process.