State Bank of India (SBI), the nation’s largest lender by assets, is planning to raise as much as Rs 7,000 crore ($1 billion) through a perpetual debt sale as it seeks to boost capital buffer and bolster loans.
Cox & Kings:
The tour operator defaulted on Rs 50 crore commercial paper on Monday. This is the second default by the company. Last week, it defaulted on a commercial paper of Rs 150 crore.
has received the grant of surface right permission to operate the Sirkaguttu Iron & Manganese Mines in Keonjhar District of Odisha.
Sadbhav Group stocks:
As per news
reports, Sadbhav Infra has inked definitive agreements with IndInfravit Trust, an InvIT sponsored by L&T Infrastructure Development Projects (L&T IDPL), to sell its entire equity shareholding in nine operational road projects to IndInfravit for an enterprise value of about Rs 6,610 crore.
Tata Steel BSL: The Serious Fraud Investigation Office (SFIO) Monday filed a 70,000-page complaint in the Bhushan Steel case wherein the probe agency has found "extreme misuse" of the corporate structure by the promoters which reduced corporate governance requirements to paper formalities, sources said.
JSW Energy, JSPL:
Billionaire Sajjan Jindal's JSW Energy Monday announced termination of Rs 6,500 crore deal with Jindal Steel and Power Ltd (JSPL) to acquire its 1,000 MW power plant in Raigarh district of Chhattisgarh.
Tata Motors: Homegrown auto major Tata Motors Monday reported 14 per cent decline in total sales at 49,073 units in June.
As per news
reports, staff of the production and manufacturing units of Cipla went on strike to protest against the unjust treatment meted out to them in Baddi, Himacahal Pradesh.