According to a news
report by The Economic Times, the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) be roped in to probe the unfolding Jammu & Kashmir Bank corruption scandal, which has seen the dismissal of chairman Parvez Ahmed.
Bharti Airtel: It has agreed to pay 60 billion shillings ($26 million) over five years and cancel debt to resolve a dispute over ownership of its Airtel Tanzania unit, the Tanzanian government said on Monday.
Sterlite Technologies: Promoter of the company has revoked all pledged shares in the company with immediate effect. Pledge was a collateral for loan taken by Volcano Investment Cyprus.
Indiabulls Housing Finance:
Terming allegations of siphoning of Rs 98,000 crore as "bizarre", Indiabulls Housing Finance (IBHFL) on Monday said the writ petition filed in the Supreme Court is an attempt to "malign" the company's reputation and create hurdles in its merger with Laxmi Vilas Bank.
Reliance Industries (RIL): Reliance Industries June 10 said it will shut down a crude distillation unit at its old refinery at Jamnagar for maintenance and inspection for up to four weeks from June 20.
YES Bank: Former interim CEO and non-executive director Ajai Kumar has resigned from Yes BankNSE -2.86 % with effect from June 9, 2019, due to personal reasons.
Il&FS Engg has entered a settlement with NHAI against Arbitration Award.
Eveready Inds: India Ratings and Research has downgraded Eveready Industries long term credit rating to IND BBB from IND A+ and maintained rating watch to negative.
Lupin President (Finance) Sunil Makharia has been appointed as interim CFO.
Fortis Healthcare: YES Bank sold 2 per cent equity in Fortis Healthcare on June 7.
As per news
reports, HSBC has maintained buy rating on Phoenix Mills and raised the target price to Rs 870 from Rs 800. While FY20 is likely to be challenging on account of slower consumption in economy, rental growth is likely to remain strong on the ramp up of Palladium, Chennai and the start up of the Lucknow mall, it said.