PMC Bank depositors' worries to be taken up with RBI: Minister
Punjab and Maharashtra Cooperative (PMC) Bank, over a long period of time, had given more than Rs 6,700 crore in loans to the Housing Development and Infrastructure Ltd, which is 73% of its total advances, and which turned sour with the bankruptcy of the company. Its total loans stand at around 9,000 crore and the deposits at over Rs 11,610 crore.
Secretaries group suggests reduced manmade fibre imports, changes in duty to boost local production: Smrit Irani
Citing the decision of the G...
Real estate majors benefit as investors look for comparatively safer assets: Kunj Bansal, Sarthi Group
A lot of small developers and small la...
PNB Housing Fin clarifies on rumours about Omaxe group loan exposure
In a regulatory filing to exchanges, PNBHFL said the information about loan exposure to Omaxe group is "with reference to the information floating in the social media regarding PNB Housing's exposure to the Omaxe group".
French carmaker Groupe PSA Citroen planning lighter retail presence
Citroen has been popularising its format titled phygital -- a portmanteau of physical and digital -- to signify its technological advances in showroom experience for customers. Citroen is expected to offer kiosks with large screens showing how the cars would look with different accessories, and offer options on insurance, service contracts, accessories and others on a digital platform accessible across devices.
Sebi relaxes group exposure limit for MFs
A circular about the 10 per cent limit was issued by Sebi on October 1, 2019.
Bharat Bond ETF anchor quota subscribed 1.7 times
India's first corporate bond exchange-traded fund (ETF), Bharat Bond ETF's, anchor investor quota was subscribed 1.7 times on Thursday. Anchor investors included private and public banks, private and public insurers as well as foreign portfolio investors among others.
Indiabulls Realty’s western region legal head joins boutique law firm RGM Legal
RGM Legal focuses mainly on structuring, corporate M&A, PE, venture capital and Fintech space and with Shah joining the firm, it will have real estate transaction and dispute resolution practice to cover commercial disputes, insolvency & bankruptcy (IBC) and arbitration amongst other things.
Piramal Group, IIFL Wealth Management create Rs 2,000 cr fund for realty projects
Real estate sector is facing multi-year slowdown, especially in housing segment, and developers are cash-starved following liquidity crisis in non-banking finance companies, which have been a major sources of funding for builders in the last few years.
Will study and decide, Maharashtra CM tells Branson on Hyperloop project
Branson,, promoter of Virgin Group, met Thackeray to clear "misunderstandings" and gauge the new administration's interest in the USD 10 billion project, which promises to cut the travel time between Mumbai and Pune to less than half and hour. A senior official said Branson sought the chief minister's co- operation for the project.
CDC Group makes $36 million equity investment in Ecom Express
Warburg Pincus-backed Ecom Express is a tech-enabled Indian logistics company.
SFIO begins probe against CG Power and Industrial Solutions, 15 group firms
The company had in August said that an investigation instituted by its board had found major governance and financial lapses, including some assets being provided as collateral and the money from the loans siphoned off by "identified company personnel, both current and past, including certain non-executive directors".
F&O: Nifty negates lower highs and lows; supports shift higher
Nifty managed to hold the opening gap and formed a bullish candle on the daily chart.
Nitin Jain on 3 reasons to go for Bharat Bond ETF
Bharat Bond ETF is the cheapest and tax efficient and also has daily liquidity.
Piramal Realty inks joint development pact for 2.2 million sq ft in Mahim
Last year, Piramal Realty entered into an agreement with Omkar Realtors to develop a residential project spread over 2 million sq ft in south Mumbai’s Mahalaxmi locality. In 2015, Omkar had received the mandatory majority consent from eligible slum dwellers and tenants to redevelop this Dhobi Ghat slum area near the Mahalaxmi railway station.
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