Life Insurance Corporation has sanctioned Rs 400 crore (Rs 4 billion) loan to Jet Airways for fleet acquisition, Minister of State for Finance S S Palanimanickam said on Tuesday.
NYSE-listed Diebold Inc on Wednesday announced acquisition of 50 per cent stake in its India arm Diebold HMA Pvt Ltd from HMA Data Systems Pvt Ltd.
The markets have opened the week in the positive terrain, traders are bullish on auto, power, bank up. In the morning session, selling pressure was witnessed in IT.
The markets have opened in the positive terrain on the first day of december, traders have shown their faith in construction, IT, steel, capital goods. The selling pressure was witnessed in oil, auto, telecom stocks.
The markets have opened in the green in line with global peers and buying was seen in oil, pharma, capital goods and technology stocks.
The government on Thursday cleared 40 foreign direct investment proposals worth Rs 501.14 crore (Rs 5.01 billion), including Rs 323.42 crore (Rs 3.23 billion) investment by Swiss major Campagnie Michelin.
The Hongkong and Shanghai Banking Corporation has announced that its open offer for acquiring additional 20 per cent in UTI Bank at Rs 90 per share.
Life Insurance Corporation of India chairman S B Mathur on Monday said the corporation had no intention to pick up strategic stake in UTI Bank or in any other bank.
Sharma would be 60 in November 2018, and would have completed 10 years as Axis Bank's CEO the following year in June.
While stocks are at cheap valuations, the volatility can be unnerving.
The meeting will be attended by all heads and EDs of public sector banks
A customer wanting to buy a car would have to wait a long time for delivery.
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