IndiGo did not receive SEBI letter on related party deal disclosures

The airline company clarified on the news item on Tuesday post-market hours that it has not received any communication from SEBI in this regard.

from India Infoline News Service https://ift.tt/2PmHP83

India Ratings maintains Indian Bank's long-term rating on RWE; affirms short-term rating at IND A1+

Ind-Ra expects to resolve the RWE as soon as additional clarity emerges on the capital position and credit-related financial metrics of the merged entity.

from India Infoline News Service https://ift.tt/2w8XYHr

Rossari Biotech receives SEBI approval for IPO

The company seeks a fresh issue of 150cr and OFS of upto 1.05cr equity shares of face value Rs2 each according to the DRHP filed with SEBI. As per market sources, IPO issue size will be ~Rs700cr.

from India Infoline News Service https://ift.tt/3a3Keww

Commodity Mantra Morning Update: Gold and Oil steady; metal remained positive

Here is the global trend and our view on Commodities.

from India Infoline News Service https://ift.tt/2HUvFzh

BSE Equity Derivatives gain turnover of Rs7,591cr

Post interoperability implementation, the equity derivatives segment on BSE is gaining momentum.

from India Infoline News Service https://ift.tt/2v7pO79

Ordnance Factory Boards to be first govt cos to use centralised invoicing platform

The current law dictates that government departments such as the defence ministry to transact only through a treasury account with the State Bank of India. NACH mandates cannot be given through these accounts preventing the onboarding of such departments onto TReDS.

from SME Sector-Small Biz-Economic Times https://ift.tt/32Cz8MF
via

RBI's gradual shift from transparency to forbearance towards stressed sectors

RBI has resisted pressure from lobby groups on a package for NBFCs, but permitted banks not to classify defaulters in MSME and realty segments. These relaxations may help overcome stress, but past experiences show such moves have weakened the banking system.

from Banking/Finance-Industry-Economic Times https://ift.tt/32snqUx
via

Fullerton India may get a new owner

Bandhan, Kotak Bank, IndusInd, PEs approached for the sale process and the deal is likely to value company at $2.5 billion.

from Banking/Finance-Industry-Economic Times https://ift.tt/392a8R0
via

IRB Infra bags prestigious Mumbai-Pune Expressway project

Receives Letter of Acceptance (LoA) from the MSRDC for Mumbai-Pune Expressway and Old Mumbai Pune Highway projects.

from India Infoline News Service https://ift.tt/2urGw0q