India Ratings and Research (Ind-Ra) has downgraded Punjab National Bank's (PNB) additional tier I (AT1) perpetual bonds worth Rs 67.5 billion by one notch to A/negative outlook from A+/negative.
has signed multi-year partnership with Cricket Australia for digital services.
Cochin Shipyard: Cochin Shipyard entered into a Long Term Wage settlement with its workmen which will be effective from 01 April 2017 and valid for 10 years.
Can Fin Homes: State-owned Canara Bank June 18 said its board has approved plan to sell part or full stake in housing finance subsidiary Can Fin Homes Ltd (CFHL).
: Ravneet Gill, MD & CEO of YES Bank, in an interview with Business Standard said the bank’s clean-up plan is on schedule and some of its big-ticket bad debt accounts will be sorted out by September. CLICK TO READ FULL INTERVIEW
Mindtree founders may have to vacate board seats for L&T nominees, said a Business Standard
The Securities Appellate Tribunal (SAT) on Tuesday stayed an order passed by the Securities and Exchange Board of India (Sebi) barring New Delhi Television (NDTV) promoters Prannoy Roy and Radhika Roy from holding managerial positions at the news
As per news
reports, India Ratings has cut its long-term issuer Rating to BBB with outlook at 'Watch Negative'.
Siemens India: Siemens plans to cut 2,700 jobs at its gas and power company, in addition to 10,400 it is already shedding in its core units, the German engineering firm said on June 18.
The bank's board has approved capital raising plan for FY2020.
As per news
reports, Citi has upgraded the stock to buy.