Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Search results

1-10 results from 1000 for query «assets»

23 January, 2018 5:07 PM ONGC ties up 18k cr loan from 3 banks for buying HPCL

State-owned Oil and Natural Gas Corp (ONGC) today said it has tied-up over Rs 18,000 crore loan from three banks to part finance its Rs 36,915 crore acquisition of Hindustan Petroleum Corp Ltd (HPCL). In a regulatory filing, ONGC said it had yesterday entered into loan agreements with Punjab National Bank, Bank of India and Axis Bank Ltd for the borrowing 37

22 January, 2018 4:55 PM ‘Bad loans to rise to ₹9.5 lakh cr. by March’

‘Rising NPAs an opportunity for ARCs’ India’s banking sector will be saddled with gross non-performing assets (GNPAs) worth a staggering ₹9.5 lakh crore by March-end, rising from ₹8 lakh crore a year earlier, a report said. The high level of stressed assets in the banking system, however, provide enormous opportunity for asset reconstruction companies 17

19 January, 2018 4:52 PM RCom told to refund customers

The Telecom Regulatory Authority of India (TRAI) on Friday directed Reliance Communications (RCom) and Reliance Telecom to refund the unused balance of their prepaid customers and security deposits of their post-paid subscribers. The companies would also require to report compliance to the regulator by February 15 for prepaid users and by March 31, 2018 for post-paid 30

19 January, 2018 2:33 PM New CBI Case Against Ex-Noida Chief Engineer

The Central Bureau of Investigation (CBI) filed the FIR against Yadav Singh, five private companies based in Delhi, Noida and Ranchi and some unidentified Noida officials. New Delhi: The CBI has registered a fresh corruption case against Noida's former Chief Engineer Yadav Singh for awarding contracts worth Rs 116.39 crore to five private companies by violating 38

17 January, 2018 9:55 AM Banks set to standardise JSPL account from NPA status: Sources

Jindal Steel and Power Ltd (JSPL) loan may be upgraded to standard status very soon. That's the exclusive news that CNBC-TV18’s Ritu Singh has picked up. JSPL had been classified as non-performing assets (NPA) in the last quarter on Reserve Bank of India (RBI) direction. But now with the account getting upgraded, banks will be able to write back the provision 30

15 January, 2018 11:25 AM Federal Bank Q3 net rises 26% to Rs 260 crore

The Federal Bank today posted a 26.43 percent rise in net profit at Rs 260.01 crore for the third quarter ended December 31, 2017. The private sector lender had recorded a net profit of Rs 205.65 crore in the same quarter previous fiscal. Total income of the lender grew to Rs 2,729.83 crore during the quarter from Rs 2,556.83 crore in the year-ago period 42

15 January, 2018 8:15 AM HDFC Shares Surge Over 6% As Board Approves Fundraising Plan

This will be the first equity raising by HDFC, the country's largest pure-play mortgage lender, in over a decade. Shares of HDFC Ltd today surged over six per cent to its 52-week high level after the company said it plans to raise up to Rs 13,000 crore via QIP and preference shares. On January 13, HDFC said its board has approved raising up to Rs 13,000 crore 44

15 January, 2018 8:03 AM Bank of India postpones Rs 3,000 cr QIP plan

New Delhi: State-owned Bank of India (BoI) has deferred the Rs 3,000-crore capital raising plan through private placement of equity shares after the government's move to infuse Rs 2,257 crore capital into it, a top official said. "We have postponed the QIP (Qualified Institutional Placement) as the government decided to infuse Rs 2,257 crore capital 32

15 January, 2018 6:53 AM Expect assets under management for FY18 to be at Rs 2000 cr: Muthoot Capital

Muthoot Capital Services posted a strong set of numbers on a year-on-year basis due to a base effect, but even sequentially the earnings were very strong. In an interview to CNBC-TV18, Madhu Alexiouse, COO of Muthoot Capital spoke about the results and his outlook for the company. Alexiouse said that nine-month FY18 disbursements have grown by 57 percent 27

15 January, 2018 4:46 AM Greenko Group looking to acquire Essel Infraprojects for $1 billion

Mahesh Kolli, Greenko’s founder, did mention of the firm interest in getting the power transmission assets but refused to divulge details. The Greenko Group, a Hyderabad-based renewable energy company, is in talks with Essel Infraprojects for buying its power transmission business at an estimated USD 1 billion, according to a Mint report. The report 59