Firms/companies
RBI announces reconstruction of Yes Bank; SBI to pool in 49% equity
09 Mar 2020
As per the scheme of reconstruction, the authorised share capital of Yes bank will stand altered to Rs5,000 crore and the investor bank (SBI) will invest up to 49 per cent shareholding at a price not less than Rs10 for a Rs2 share, ie, at a premium of Rs8 per share
Govt invites bids for 52.98% stake in BPCL
09 Mar 2020
The offer for sale does not include BPCL’s 61.65 per cent stake in Numaligarh Refinery Limited (NRL) and management control thereon
Yes Bank under moratorium; RBI imposes lending curbs
06 Mar 2020
RBI has assured depositors of the bank that it will explore and draw up a scheme in the next few days for the bank’s reconstruction or amalgamation and with the approval of the central government, put the same in place well before the period of moratorium of 30 days ends
HP rejects Xerox’s unsolicited cash-and-stock offer
05 Mar 2020
HP Inc said the Xerox offer would leave its shareholders with an investment in a combined company that is burdened with an irresponsible level of debt and which would subsequently require unrealistic, unachievable synergies that would jeopardize the entire company
Thyssenkrupp sells elevator unit to Advent-led consortium for $18.7bn
02 Mar 2020
Thyssenkrupp plans to reinvest part of the purchase price, or about €1.25 billion, to acquire a minor stake in the elevator business
Voda Idea seeks 15 yrs to pay AGR dues; demands GST refund
27 Feb 2020
The cash-strapped telco, which owes about Rs57,000 crore in overdue revenue share to the government, managed to pay just Rs3,500 crore so far, and wants the government to adjust the Rs8,000 crore GST refund due to it be adjusted against AGR dues
GMR sells 49% in airports business to Aéroports de Paris for Rs10,780 cr
21 Feb 2020
The acquisition will be made in two tranches - the first to be realised within the coming days for a 24.99 per cent stake and the second, for 24.01 per cent, subject to certain regulatory conditions
JLR unveils driverless electric mobility concept
20 Feb 2020
The compact vehicle concept measures four meters in length and can accommodate different seating configurations with its flexible flat-floor platform, which also houses all battery and drivetrain components
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The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation