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    CSB proposes to open IPO on Nov 22

    Mumbai, Nov 19 : The Catholic Syrian Bank Limited (CSB) proposes to open its Initial Public Offering (IPO) of Equity Shares of face value of Rs 10 each on November 22.According to a statement released here on Tuesday, the minimum Bid lot is 75 Equity Shares and in multiples of 75 Equity Shares thereafter and the offer closes on November 26. CSB MD & CEO CVR Rajendran said that the Anchor Investor Bid/Offer...

    • 6 hrs ago
  • Business

    Continental Coffee launches new premix coffee flavours

    Hyderabad, Nov 19: CCL Products Limited (Continental Coffee), one of the world's largest private label instant coffee manufacturer, on Tuesday announced the launching of four new flavours of 3-in-one premix coffee under the brand 'THIS'.THIS is a creamy coffee which launched last year, as well as consumer trends, Continental Coffee is launching exotic café like flavours, the...

    • 22 hrs ago
  • Business

    Air India to resume Mumbai-Nairobi direct flights

    Nairobi, Nov 19 : Air India would resume direct flights between Nairobi and Mumbai beginning November 27, High Commissioner of India to Kenya Rahul Chhabra said. Chhabra said that the flights would be four times a week and the frequency could be increased to daily after seeing the response."Air India will resume flying four times a week in order to tap into the growing demand for travel...

    • yesterday
  • Business

    PMC Bank Issue: RBI files affidavit in Bombay High Court

    Mumbai, Nov 19 : The Reserve Bank of India on Tuesday filed a detailed affidavit in the Bombay High Court during the hearing of number of petitions filed by the depositors of the Punjab & Maharashtra Co-operative Bank (PMC), challenging the limit imposed by it on the withdrawal of money.The RBI also provided an affidavit copy to the petitioners, regarding the steps it aims to take to...

    • yesterday
  • Business

    Bharti Airtel up by 7.36 pc to Rs 439.25

    Mumbai, Nov 19: Bharti Airtel on Tuesday surged by 7.36 per cent to Rs 439.25 to be the top gainers in the 30 scrips index of Bombay Stock Exchange (BSE). Other gainers were Reliance Industries by 3.52 per cent to Rs 1509.80, Axis Bank by 3.43 per cent to Rs 747.85, Powergrid by 2.68 per cent to Rs 195.75 and Tech Mahindra by 1.84 per cent to Rs 765.30. The losers were Yes Bank by 2.66 per cent to Rs...

    • yesterday
  • Business

    Deposit insurance cover: AIBEA demands to exempt PSU banks

    All India Bank Employees' Association (AIBEA) has demanded that the public sector banks and commercial banks be exempted from the deposit insurance cover.In a letter to Finance Minister Nirmala Sitharaman on Monday, the General Secretary of AIBEA also said that for co-operative banks, the premium should be charged only on the deposit amount insured and not on the total assessable...

    • yesterday
  • Business

    IT companies to shed 30,000 jobs

    India's information technology services companies may shed 30,000 to 40,000 middle-level employees this year as growth slows down, an industry veteran, Mr. T V Mohandas Pai , has said.The former Chief Financial Officer of IT major Infosys termed these job losses as once-in-five-years normal phenomenon with maturing of the industry. 'As in all sectors in the West, in India too when a sector matures so...

    • yesterday
  • Business

    Alliance Air starts direct Ahmedabad-Kandla flights

    Gandhidham, Nov 18: Alliance Air, a wholly-owned subsidiary of Air India, from Monday added the major port city of Gujarat, Kandla to its list of destinations.Direct flight operations from Ahmedabad to Kandla and back began on Monday, which are direct flights connecting the two cities from Monday to Friday. This is an RCS route, under the UDAN scheme.An Air India Spokesperson said that Flight...

    • yesterday
  • Business

    Health Ministry signs MoC with Bill & Melinda Gates Foundation

    New Delhi, Nov 18: Co-Chair of Bill & Melinda Gates Foundation Bill Gates called on Union Minister for Health and Family Welfare Harsh Vardhan here on Monday where they presided over the signing of a Memorandum of Cooperation (MoC) between the Health Ministry and the Gates Foundation.The MoC was signed by Joint Secretary (International Health) Lav Agarwal from MoHFW and M Hari...

    • 2 days ago
  • Business

    Invoicemart surpasses Rs 5,000 cr worth of invoices

    New Delhi, Nov 18: Invoicemart, a digital invoice discounting TReDS (Trade Receivable Discounting System) platform, has recorded Rs 5106 crore in financed throughput as on October 31, 2019 since the launch of the platform in July 2017, a statement said here on Monday.Since inception, over 3.45 lakh invoices have been discounted and settled on the platform with nil delinquencies, and the company...

    • 2 days ago

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