The company's board has approved Rs 32,000 crore buyback at a price not exceeding Rs 160 apiece.
JSW Steel has entered into a legally binding share purchase agreement to acquire, in one or more tranches, 1,32,37,227 equity shares of Rs 10 each, representing 26.45 per cent of the issued and paid-up share capital of JSW Vallabh Tinplate from the existing third party shareholders of JSW Vallabh Tinplate.
Tata Chemicals: Tata Chemicals on Tuesday announced it has appointed N Chandrasekaran as an additional director and chairman of the board of directors of the company effective November 24, 2020.
Banks: Non-performing loans in the Indian banking sector is likely to witness an uptick and may shoot up to 11 per cent of gross loans in the next 12-18 months, S&P Global Ratings said on Tuesday.
State Bank of India
has raised Rs 2,500 crore by allotting 25,000 Basel III compliant Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Debt instruments in the nature of debentures qualifying as AT 1 Capital of the Bank, to bond subscribers.
As per news
reports, the telecom regulator has imposed a penalty on Bharti Airtel Ltd, Bharat Sanchar Nigam Ltd (BSNL), Reliance Jio Infocomm Ltd, among others, for pesky calls and messaging during the lockdown period.
In a regulatory filing, the company said that Agra Etawah BOT Project implemented by AE Tollway Limited ('SPV') which is now part of IRB Infrastructure Trust - Private InvIT, has been issued a Completion Certificate by the Competent Authority. Consequently, toll rates for the SPV would be increased by 70 per cent and the SPV will collect toll at revised toll rates on this project.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.