Bharti Telecom, a promoter of Bharti Airtel, has sought government nod for the infusion of Rs 4,900 crore investment from Singapore-based Singtel and other foreign entities, a move that would make the country's oldest private telecom operator a foreign entity.
Maruti Suzuki India (MSI) increased its production in November by 4.33 per cent, after having reduced output for nine straight months due to lower demand. READ MORE
ITC: ITC said that the company has acquired 11.15 per cent stake in Delectable Technologies.
Bank of India
on Friday said it plans to raise up to Rs 10,000 crore by issuing bonds or preference shares in one or more tranches at an appropriate time. The decision was taken at the board meeting of the bank held on Friday. READ MORE
CG Power: Fraud-hit CG Power and Industrial Solutions has sought shareholders' nod to borrow up to Rs 5,000 crore to meet working capital and other business needs as it looks to spring back from the worst crisis in its history.
Punjab & Sind Bank: The bank's board gave approval to raise Rs 500 crore via QIP.
CARE Ratings has downgraded the company's short and long-term bank facilities to CARE D from CARE A4+.
Equitas Small Finance Bank (SFB) on Saturday said it would raise Rs 250 crore through private placement of shares.
The company has secured order worth Rs 500 crore from ONGC.
Consolidated cement production/purchase in November slipped 23 per cent YoY while sales dropped 23.46 per cent YoY.