Tata Technologies IPO price band set at Rs 475-500 per share
November 16th, 2023 07:27
Tata Technologies IPO | The Tata Motors#39; subsidiary is planning to raise Rs 3,042.51 crore via public issue at the upper price band. The issue comprises only an offer-for-sale (OFS) by the promoter and investors.
RBI tells Bajaj Finance to stop ‘eCOM’, ‘Insta EMI’ loans
November 16th, 2023 06:27
Last month, the RBI banned public sector Bank of Baroda (BoB) from onboarding any new customers onto its 'bob World' mobile application three months after a news network said the bank linked bank accounts to unregistered mobile numbers and signed them up to the application. Earlier in December 2020, the RBI had banned HDFC Bank the largest issuer of credit cards in the country, from issuing new cards and introducing digital products after multiple systemic glitches were reported in the preceding two years. The ban was lifted in August 2021.
Dabur's open offer price for Religare is fair: Mohit Burman
November 16th, 2023 06:27
Once the open offer is concluded, the Burman family-owned entities - currently the largest shareholding bloc at Religare - will nominate their directors on the board of the financial services company, Burman told ET.
Jaiprakash's lenders taken 'unawares' by ICICI move on company debt
November 16th, 2023 06:27
JAL owes a group of 32 lenders a total of ₹29,272 crore. The company was among the 26 defaulters that the RBI had directed to be taken to the bankruptcy process in 2017 following which ICICI had filed an insolvency petition against the company before Allahabad Bench of the National Company Law Tribunal in 2018. That petition is yet to be admitted.
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