Investors were taken aback when DHFL had a market valuation of Rs 941 cr on Monday, with its shares trading at Rs 30 a share even after the company was sent to bankruptcy proceedings. Topics DHFL | Piramal Group | Adani Group Dev Chatterjee | Mumbai Last Updated on January …
Read More »With restricted income, the government may consider PSUs for higher dividends
The Union government may look to its cash-rich public sector companies and those who are falling behind in their capital spending plans for the current fiscal to declare higher dividends this year to reward their shareholders in this difficult period. of the Covid-19 pandemic. Official sources said USPs with stock …
Read More »NPCI allows payment banks and fintechs to be shareholders
The retail payments body, National Payments Corporation of India (NPCI), said on Thursday that it has completed the private placement of 4.63% of its equity shares. ₹Rs 81.64 crore, allowing small finance and payment banks as well as fintechs to be shareholders in the organization. NPCI had made an offer …
Read More »RBI sounds like PNB on acquisition of embattled Lakshmi Vilas Bank
It emerged that the Reserve Bank of India (RBI) told the state-owned Punjab National Bank to prepare to take over Lakshmi Vilas Bank (LVB) in case the transaction proposed by the troubled lender with Clix Capital does not materialize. In addition to PNB, another public sector bank was asked to …
Read More »RBI sounds like PNB on acquisition of embattled Lakshmi Vilas Bank
It emerged that the Reserve Bank of India (RBI) told the state-owned Punjab National Bank to prepare to take over Lakshmi Vilas Bank (LVB) in case the transaction proposed by the troubled lender with Clix Capital does not materialize. In addition to PNB, another public sector bank was asked to …
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