HDFC AMC: HDFC Asset Management Company (AMC) has offered exits to investors of some fixed-maturity plans (FMPs) by transferring Rs 500 crore worth of their exposures to Essel group firms on to its own books.
YES Bank plans to raise $1.2 billion over 18 months to bolster its capital buffer through a mix of public and private share sales, Chief Executive Officer (CEO) Ravneet Gill said.
Tech Mahindra: Information technology firm Tech Mahindra Monday said it will acquire Canada-based Objectwise Consulting Group Inc worth 2.75 million Canadian dollars (about Rs 14.33 crore).
: A fire incident occurred at a plant of the Reliance Industries Limited (RIL) in Raigad district of Maharashtra but no casualty or damage was reported, police said on Monday. Moreover, as per news
reports, brokerage firm JP Morgan expects earnings growth at Reliance Industries (RIL) to decline 15 per cent this fiscal on weak refining and petchem margins.
IndiGo has ordered jet engines worth $20 billion from a joint venture of General Electric, US, and France’s Safran SA, the low-cost airline announced on Monday. With this, the biggest buyer of Airbus SE A320neo planes seems to be moving away from Pratt & Whitney engines, which have been experiencing glitches.
ICICI, Axis Bank:
ICICI Bank has cut its fixed deposit rates by 0.10-0.25 per cent starting from Monday while its smaller rival Axis Bank has cut its deposit rates by up to 0.15 per cent in select buckets.
ADAG stocks: Chinese lenders, including China Development Bank, Industrial and Commercial Bank of China and Exim Bank of China, have demanded at least $2.1 billion from Anil Ambani’s Reliance Communications, that slid into bankruptcy earlier this year.
State Bank of India (SBI), the country’s largest lender, plans to raise up to Rs 5,000 crore in debt to shore up capital adequacy and support business growth. The bank will issue Basel III compliant tier-II bonds to raise debt capital.
Essel Group stocks:
As per news
reports, the Essel Group is in talks to sell its solar energy portfolio and US-based luxury wellness destination YO1 Centre to Adani Group for up to Rs 2,000 crore.
Biocon: Biocon Monday said it will sell Branded Formulations India (BFI) business on a 'going concern' basis to its subsidiary Biocon Biologics India Ltd for Rs 45 crore.
McLeod Russel: ICRA has downgraded ratings of the company.
Bandhan Bank: The lender has reduced micro loan interest rate by 70 basis points to 17.95 per cent.