Urgent need to fast-track insurance penetration - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
NBCC (India): The state-owned construction company, which is in the race to acquire Jaypee Infratech Ltd (JIL), assured stuck homebuyers that its bid is concrete, fully backed by the government and the PSU will complete over 20,000 pending flats on time as per the schedule.
Reliance Power: The board of ADAG s utility company approved a preferential issue of 59.5 crore equity shares and 73 crore warrants worth Rs 1,325 crore to its promoter firm
Reliance Infrastructure. It aggregates up to Rs 1,325 crore.
Ruchi Soya: The edible oil firm, which is owned by Baba Ramdev-led Patanjali Ayurveda, has filed a draft document with SEBI to launch a follow-on public offer (FPO) for raising up to Rs 4,300 crore. The FPO is being launched to meet the SEBI norm of minimum public shareholding of 25 per cent in a listed entity.
Sensex and Nifty are likely to open lower on Monday following a mixed trend in Asian markets. At 7:00 am, the Nifty was trading 55.00 points or 0.35 percent lower at 15,768. On Friday, Sensex and Nifty closed at record highs, led by gains in index heav
Read more about Axis Bank stake in Max Life likely to rise to 20 pc in 12-18 months on Business Standard. In line with the proposed deal, Axis Bank is likely to raise its stake in Max Life Insurance to about 20 per cent over the next 12-18 months, said the insurance company s CEO Prashant Tripathy said.Currently, Axis Bank and its two subsidiaries