The Union Bank of India board has approved raising of up to Rs 2,900 crore of debt capital by March 31, 2017 by way of issue of Basel III-compliant Perpetual Debt Instruments (Additional Tier 1) or Basel III-compliant Tier 2 bonds.
Banks have moved to marginal cost of funds-based lending rates as the new benchmark lending rate from June, replacing the base rate system for new borrowers.
Leading stock exchanges BSE and NSE have asked six listed Tata companies for a clarification, after sacked Chairman Cyrus Mistry wrote to board members warning that the group faces a writedown of about $18 billion on these companies.
Total income from operations in the quarter under review stood at Rs 8,448.74 crore, up 15% year-on-year.
ITC criticized the government's decision to impose bigger health warnings on cigarette packets, saying there was little evidence to link smoking to diseases depicted in those pictures.
TCS and Infosys have posted muted numbers for the second quarter and said they were witnessing softness in the banking and financial services sector and client spending.
The comments help shed light on the power struggle occurring at the $100 billion conglomerate in the run-up to Mistry's ouster, which stunned India's business community.
Suzlon will be responsible for the project commissioning and also provide comprehensive operation and maintenance services for 25 years.
The life insurance behemoth's stake in the state-run construction firm has gone up to 8.11% following its participation in NBCC's offer for sale which happened last week.
Telecom regulator TRAI had last week suggested a penalty of about Rs 1,050 crore each on Airtel and Vodafone, and Rs 950 crore in case of Idea Cellular.
The action by US District Judge Charles Breyer in San Francisco marked the latest development in a scandal that has rocked VW since it admitted in September 2015 using secret software in its diesel cars to cheat exhaust emissions tests and make them appear cleaner than they really were.
Britain's June 23 vote to leave the European Union, which prompted Tata to say it would also consider a joint venture, has only increased the uncertainty.
The very large ethane carriers would transport ethane from US to Dahej in Gujarat.
The minister also claimed that the NDA government has invested Rs 20,000 crore in BSNL in one year.
The acquisition of the start-up will enrich and expand L&T Infotech's high-end analytics offerings across industries, the company said in a statement here.
Flipkart's head of commerce and advertising business Mukesh Bansal and chief business officer Ankit Nagori resigned from the company in February this year.