Besides, shareholders have cleared the appointment of Anurag Bhargava and Harsha Vardhana Singh as independent directors of the company.These proposals were among those approved during the annual general meeting of the airline held on Monday.
Having moved into his "dream house", ace cricketer Sachin Tendulkar has now secured his five-story Bandra residence with a staggering Rs 100 crore insurance cover, one of the biggest insurance deals by an individual.Having moved into his "dream house", ace cricketer Sachin Tendulkar has now secured his five-story Bandra residence with a staggering Rs 100 crore insurance cover, one of the biggest insurance deals by an individual.
JSW Energy said on Tuesday its board has given nod to raise funds up to Rs 750 crore through issuance of redeemable non-convertible debentures by way of private placement.The issue proceeds would be used for the general corporate purposes, business operations, working capital and repayment of existing debt, the Sajjan Jindal-led company said in a BSE filing.
We have been getting daily information of all the deposits above Rs 2 lakh, Rs 5 lakh and the number and amount deposited.We have been collating this information with past information about the each person," a top government official told PTI.
When the original Honda CR-V debuted in the late 1990s, its mission was simple: to offer a more compact and convenient alternative to the midsize and full-size SUVs that were popular at the time.With its car-based design, economical four-cylinder engine and sedanlike ride and handling, the CR-V was an instant hit.
86 lakh accounts totaling to Rs 2,000 crore.Between November 10-December 23, the total deposits in Jan Dhan accounts reported is Rs 41,523 crore in 48 lakh accounts.
Indian insurers are projected to collect about Rs 427 crore of premium through the online channel in this fiscal, said R K Nair, member, finance and investment, Insurance Regulatory and Development Authority (Irda).A survey by Max Life Insurance and Nielsen had said that life insurance has been ranked as the most popular financial product to be bought online.
The tyre maker has sought approval of the shareholders to raise the funds by way of postal ballot."It is proposed to empower the board to raise funds through an issuance of any one or more types of securities, for an aggregate amount not exceeding Rs 1,000 crore or its equivalent in any foreign currency, in one or more tranches," JK Tyre and Industries said in a regulatory filing.
"The overall fiscal impact of all these measures announced by the PM on December 31, will be around Rs 3,500 crore per year, which is minimal compared to the social and economic benefits," SBI Research said in a note today.Modi had announced loans of up to Rs 9 lakh taken in the new year under two new scheme -- Pradhan Mantri Awas Yojana -- will receive interest subvention of 4 per cent and loan of upto Rs 12 lakh will get a 3 per cent interest waiver.
The Reserve Bank is believed to have received deposits close to Rs 15 lakh crore, of estimated Rs 15.4 lakh crore worth junked Rs 500/1,000 currency notes that were in circulation, from the 50-day demonetisation exercise that ended on December 30.
Post demonetisation, cash-based transactions worth Rs 25,000 crore have moved to the digital mode, says a survey.It showed that 15 per cent of transactions moved to electronic payments such as m-wallets and Point of Sale machines.
Adani Enterprises has already incorporate a new company, Adani Cementation (ACL), which will carry on the cement business.He said the fresh investment would create an additional 25,000 jobs in the state both directly and indirectly.
The airline inducted the first A320 neo -- which have better fuel efficiency -- in June last year and now has a fleet of 23 aircraft.While GoAir did not disclose the total value of the latest order for 72 aircraft, a back of the envelope calculation based on Airbus listed price for 2016 shows that the order would be worth more than Rs 52,000 crore.
Paving the way for Rs 3,050 crore cumulative penal action on telecom operators Bharti Airtel, Vodafone and Idea Cellular, the Attorney General is learnt to have opined that the Department of Telecom has power to impose penalty on grounds of poor quality of service.The Telecom Regulatory Authority of India (TRAI) had recommended imposing Rs 1,050 crore penalty each on Airtel and Vodafone and Rs 950 crore on Idea for violating quality of service rules.
Country's second-largest software firm Infosys today reported a 7 per cent growth in its consolidated net profit at Rs 3,708 crore for the October-December quarter of the current fiscal.8 per cent against 8-9 per cent estimated earlier.
Sunil Mittal-led Bharti Airtel Ltd on Thursday unveiled its plan for setting up a payments bank with an initial investment of Rs 3000 crore to build a nationwide network.This new set of banks is expected to increase competition in the sector by offering higher interest rates on deposits.
A total of Rs 3 crore in cash was seized from a cash van on Thursday by Indirapuram police after the four persons, claiming to be staff of a private bank, carrying it were unable to produce vaild document, a senior police official said.At around 11 AM, Indirapuram police intercepted a cash van near the UP gate on the border of Delhi and Uttar Pradesh and recovered Rs 3 crore, the official said.
In one of the largest deals in the fast-growing Indian aviation sector, SpiceJet will buy up to 205 new aircraft from Boeing with the order valued at Rs 1,50,000 crore.The multi-billion dollar deal struck after long-drawn discussions will see the airline buying more fuel-efficient 155 Boeing planes, with the delivery slated to start from 2018.
The Finance Ministry is likely to finalise capital infusion plan for public sector banks (PSBs) this week based on the request of various lenders which have been impacted by demonetisation amid rising bad loans.Saddled with rising bad loans, banks have already made a case for higher capital infusion and it is reflected in their demand sent to the ministry, sources added.
LIC Housing Finance has reported a rise of 19.2 per cent in its net profit at Rs 499.