Page 259 - Latest News
Reliance Capital lenders to go for 2nd auction on Apr 4 to maximise return
For a fresh round of bidding, CoC decided to set the base bid at Rs 9,500 crore on a Net Present Value basis, with a minimum cash component of Rs 8,000 crore
 "Reliance Capital lenders to go for 2nd auction on Apr 4 to maximise return")
Small arms factories witnessed very less demand from armed forces: CAG
The Board planned to develop new and more modern small arms but "failed to meet the milestones and expectations" projected in the Perspective Plan 2016-17 to 2018-19, it said
 "Small arms factories witnessed very less demand from armed forces: CAG")
Most people in India not serious about following road safety rules: Gadkari
He announced that his ministry will soon start conducting digital examination for those applying for driver's licence and later a practical driving test will be conducted
 "Most people in India not serious about following road safety rules: Gadkari")
CoC of Reliance Capital decides to hold a second auction on April 4
The decision to hold a second auction was decided on Monday in a formal meeting of the CoC
 "CoC of Reliance Capital decides to hold a second auction on April 4")
US government to adopt new restrictions on using commercial spyware
Biden's order, billed as a prohibition on using commercial spyware that poses risks to national security, allows for some exceptions
 "US government to adopt new restrictions on using commercial spyware")
Work begins on installation of steel spans on RRTS corridor in Delhi: NCRTC
The length of three spans will be approximately 70 metres each and that of the remaining three will be 50 metres each, the NCRTC statement said
 "Work begins on installation of steel spans on RRTS corridor in Delhi: NCRTC")
Aditya Birla Capital to sell insurance broking business to Edme Services
The purchaser is part of the Samara Capital Group and an affiliate of Samara Alternate Investment Fund, it added
 "Aditya Birla Capital to sell insurance broking business to Edme Services")
Sun Pharma may incur revenue loss for ransomware incident on March 2
Sun Pharma Advanced Research Company may incur expenses in connection with incident; India was the second most attacked country for ransomware in the APAC-Japan region in 2022
 "Sun Pharma may incur revenue loss for ransomware incident on March 2")
Crypto exchange Binance, its CEO sued by CFTC over US regulatory violations
Binance Holdings is the world's largest cryptocurrency exchange
 "Crypto exchange Binance, its CEO sued by CFTC over US regulatory violations")
MCD gets Siva Prasad KV as new municipal secy; disengages Bhagwan Singh
Municipal Corporation of Delhi appointed a new municipal secretary, as it disengaged from services Bhagwan Singh, who was serving on a contractual basis after retirement from the post
 "MCD gets Siva Prasad KV as new municipal secy; disengages Bhagwan Singh")
Gujarat govt paid Rs 16,900 cr in 2 years to Adani, Tata to buy electricity
In 2021, the state government paid Rs 2,751 crore to Tata Power to buy 7,315 million units, while the cost came to Rs 6,033 crore for 10,446 million units in 2022
 "Gujarat govt paid Rs 16,900 cr in 2 years to Adani, Tata to buy electricity")
More upsides ahead for CIL; conflicting views may leave investors confused
While Street is divided, positives include robust demand, e-auction volumes
 "More upsides ahead for CIL; conflicting views may leave investors confused")
Trai asks telcos to take action on pesky telemarketing calls, messages
Telecom Regulatory Authority of Indian (Trai) held a review meeting with telecom operators like Bharti Airtel, Jio, and Vodafone Idea (VIL) on issue of UCC detect system
Hungarian parliament approves Finland's bid to join Western alliance Nato
With Hungary's approval, Turkey is now the only one of NATO's 30 members not to have ratified Finland's NATO accession
 "Hungarian parliament approves Finland's bid to join Western alliance Nato")
Viacom18 likely to score more than Disney Star in IPL ad revenue game
Media planners expect Viacom18 to mop up over Rs 2,000 crore in advertising revenues
 "Viacom18 likely to score more than Disney Star in IPL ad revenue game")
YES Bank shares in focus with SC likely to hear appeal in AT1 bond matter
If top court rules in favour of bondholders, Yes Bank shares could see a selloff as its capital base gets eroded, impeding its growth prospects; other banks, especially PSBs, may be impacted too
 "YES Bank shares in focus with SC likely to hear appeal in AT1 bond matter")
Expected loss model: PSBs may seek pause on paying govt dividends
Sitaraman said banks' provisioning cover ratio was close to 75 per cent - the highest in about the last 25 years
 "Expected loss model: PSBs may seek pause on paying govt dividends")
Indices snap two-day losing streak on gains in RIL, Maruti
The broader NSE Nifty50 advanced 40.65 points or 0.24 per cent to end at 16,985.70 points
 "Indices snap two-day losing streak on gains in RIL, Maruti")
Many cases may have to be reopened after SC ruling on borrowers' voice
Bankers said the decision won't deter them from marking an account as fraudulent
 "Many cases may have to be reopened after SC ruling on borrowers' voice")
After ouster from top-5 club, Indian mkt now risks losing $3-trn m-cap tag
The last time India's m-cap had slipped below $3 trn was last June; at the peak, the m-cap stood at nearly $3.67 trillion in January 2022. Current m-cap is 18 per cent below the peak
 "After ouster from top-5 club, Indian mkt now risks losing $3-trn m-cap tag")