The razor maker suffered a major jolt after the Securities Appellate Tribunal had quashed an appeal it filed against the regulator, which had earlier rejected Gillette's plan entailing reclassification of promoter holdings to comply with the public shareholding norms.
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Lawyers say open offer must for twin stake purchase to meet Sebi rules.
The foreign lender's profit after tax was Rs 2,960 crore
One of the key reasons for corporate movie makers, such as Reliance and Viacom18, to flock to Tollywood is the growth regional content has shown in recent times.
In a letter addressed to Gogia's mother, Madhu Kapur, who holds a 12 per cent stake in YES Bank, the private lender said its board of directors, after extensive deliberations, had unanimously agreed not to accept her recommendation to appoint her daughter on the board.
India's top private banks might soon exit from the gold coin business.
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Three PSUs, three private firms join bid to acquire 40% stake in Haldia Petrochem.
While the court refused to order a stay on the AGM, it directed YES Bank to advance its board meeting by a month to June 27 and consider Gogia's appointment as a director on the bank's board.
Shagun Kapur Gogia might not have convinced her uncle Rana Kapoor, managing director and chief executive of YES Bank, to appoint her as a board member of the bank, but it appears she has successfully carved out her own space in the financial world.
While the rupee depreciation in 2012 persuaded many companies in taking hedges against their foreign currency loans, industry analysts feel it might not be sufficient to counter the swift slide in the value of the local currency.
While international players may get the same pay, domestic players may face a cut.
Firms meet huge redemption pressure after deducting money from principal amount.
30 per cent of all movies made in Tollywood are produced by chit fund companies.
70 per cent of the total ad market in the state was driven by these companies.
These companies may recall loans in extreme cases; loan-to-value ratio stands at 60% but scrap value at 75%.
Hongkong and Shanghai Banking Corporation (HSBC) is exploring opportunities beyond metro cities to expand its commercial banking business in India.
A day after about 1,200 media persons from Saradha Group media entities lost their jobs in West Bengal, the state government extended a helping hand. On Wednesday, government officials are set to meet these employees to try and find a resolution to the issue.
Stockists and dealers have been charging more since early March.
Card fees likely to increase to offset replacement cost.
It appears the two banks are now convinced that increasing their credit card portfolios will not lead to significant erosion in asset quality.
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