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23 November, 2017 10:40 AM Padmavati should be banned: Togadia

International Working President of the Vishwa Hindu Parishad (VHP) Praveen Togadia said here on Thursday that the controversial film Padmavati should be banned. He was speaking to reporters at Mangaluru International Airport on his way to Udupi to participate in the three-day Dharma Sansad beginning from Friday. However, he did not elaborate on it. Mr. Togadia 26

22 November, 2017 3:20 PM UBI gets SEBI approval for Rs 1,000-cr equity issue via QIP

State-owned lender United Bank of India on Wednesday said it has received market regulator SEBI's approval for issue of equity shares worth Rs 1,000 crore by way of institutional placement. The Kolkata-headquartered bank had in January informed the bourses it planned to raise up to Rs 1,500 crore through qualified institutional placement (QIP), rights 33

22 November, 2017 12:40 PM Thomas Cook to sell 5.42% in Quess Corp to raise Rs 600 cr

Integrated travel and travel related financial services player Thomas Cook India today said its board approved a fund raising plan of Rs 600 crore by divesting 5.42 percent stake in its subsidiary Quess Corp. The company said the stake sale will be carried out through an offer-for-sale route. It has fixed a floor price of Rs 800 per share. The company 29

21 November, 2017 12:37 PM Reliance Capital raises Rs 2,500 cr from banks, financial institutions

The money has been raised through term loan and NCDs with maturity period ranging from 5-7 years. New Delhi: Reliance Capital, part of Anil- Ambani led Reliance Group, has raised Rs 2,500 crore from banks and financial institutions for refinancing its debt, banking sources said. The money has been raised through term loan and non- convertible debentures 24

21 November, 2017 8:38 AM Can clock FY18 revenue over Rs 1000 cr; margins sustainable at 11%: Gravita India

Gravita India is in focus after reporting a good set of Q2 numbers. In an interview to CNBC-TV18, Sunil Kansal, CFO of the company spoke about the results and his outlook going ahead. We can clock FY18 revenue of over Rs 1,000 crore and margins sustainable at 11%, said Kansal. On capacity utilisation front, he said currently it is at 50 percent and can go up to levels 27

20 November, 2017 4:40 PM Phoenix Group secures USD 205 million debt

Global agricultural and food company, Phoenix Group on Monday announced a USD 205 million borrowing base facility to expand its rice business in India, Asia and Africa. We have successfully closed a USD 205 million borrowing base facility from Standard Chartered Bank, Singapore. The facility is supported by ICICI Bank, BNP Paribas, RaboBank, First Abu Dhabi 33

18 November, 2017 3:38 AM China to build $1.6 bn aluminium plant in Tajikistan

China will build an aluminium factory worth USD 1.6 billion in ex-Soviet Tajikistan, the Central Asian country's leading smelter said today, in a sign of Beijing's increasing influence over the economy of its resource-poor neighbour. China -- which already owns over half of Tajikistan's external debt -- has long sought to boost ties in the ex- Soviet 35

17 November, 2017 8:52 AM Moody's Rating Upgrade Was Long Overdue, Says Arvind Subramanian

The upgrade is a welcome development and is recognition of reforms like GST, bank recapitalisation plan etc, said Mr Subramanian. Hailing the upgrade of India's sovereign rating by Moody's Investors Service, Chief Economic Advisor Arvind Subramanian said the move by the US-based agency was "long overdue". Global ratings agency Moody's also upgraded India's 38

17 November, 2017 8:22 AM Aircel delays debt repayments: CARE

Telecom operator Aircel Ltd has delayed payment of interest on its debt obligations, ratings agency CARE said and downgraded its rating on the company's bank facilities to default. Aircel, the sixth-ranked mobile carrier in the country by subscribers, has delayed payment of interest on its debt obligations on account of its "weak liquidity position 27

17 November, 2017 8:10 AM Moody's Rating Upgrade Reflects Growth Story: NITI Aayog's Rajiv Kumar

India's credit rating upgrade by Moody's is a reflection of the country's growth story, Niti Aayog vice chairman Rajiv Kumar said "Moody's upgrading India's Ratings is a reflection of India growth story and sound economic principles for a #NewIndia. Hoping others will follow," Kumar said in a tweet. Former Economic Affairs Secretary Shaktikanta Das said in a tweet 34