Hela September 24, 2019

The State Bank of India (SBI), the country’s largest lender, on Wednesday said it will raise up to Rs 3,465 crore by selling up to 4.5 per cent stake in its insurance arm SBI Life Insurance Company, subject to requisite approvals. “The Executive Committee of Central Board (ECCB) of State Bank of India (SBI) in […]

Hela May 3, 2019

Standard Life (Mauritius Holdings) will off-load 1.78% stake in HDFC Life Insurance Co for ₹1,404 crore beginning Friday. The sale will be undertaken in two slots — non-retail investors on Friday and for retail investors next week. The sale is being undertaken by the seller — Standard Life (Mauritius Holdings) — to achieve the minimum public shareholding in the […]

Hela March 3, 2019

Non-banking financial company L&T Finance is planning to raise up to Rs 1,500 crore through non-convertible debenture issues in three tranches. The base size of the issue, which is opening on March 6 and closing on 20, is Rs 500 crore, with an option to retain over-subscription up to Rs 1,000 crore, company said on […]

Hela February 17, 2019

A Karnataka-based businessman has been jailed for six months for allegedly not filing his income tax arrears and interest of around Rs 7.35 crore despite reminders, an official said on Saturday. “The defaulter was arrested on Friday for failing to pay his tax arrears and produced before the Tax Recovery Officer (TRO) from where he […]

Hela February 15, 2019

The Modi government had implemented the anti-benami transactions law. Confiscated benami assets worth Rs 6,900 crore: Income Tax Department  |  Photo Credit: BCCL New Delhi: The Income Tax Department has confiscated assets worth Rs 6,900 crore till now as part of its action under the anti-benami transactions law, the agency said in a public advertisement on Tuesday. […]

admin February 11, 2019

The Union cabinet on Wednesday approved the creation of a fund for developing farm-markets, which will be used to upgrade existing rural agriculture markets, an official statement said. A corpus of Rs 2,000 crore will be set up at NABARD, an organisation that procures and trades farm items on behalf of government. The fund, titled […]

admin February 11, 2019

The Delhi Police had been pursuing the couple because they were proclaimed offenders in a case registered by the city police’s economic offences wing.(HT Photo used for representative purpose) A couple who are professional con artists and have scammed several persons and financial institutions of at least Rs 30 crore were arrested by Delhi police on […]