ENGINEERS INDIA Stock Analysis
Engineers India Stock Analysis Engineers India belongs to the Industry of Project Consultancy/Turnkey Projects. Engineers India is a Government Enterprise under Ministry of Petroleum and [Read More]
Shriram Transport Finance approves issuance of $500M notes
Shriram Transport Finance Company Limited’s (STFC) Banking and Finance Committee approved issuance of USD 500,000,000 4.40% Senior Secured Notes due 2024 (Social Bonds) under the USD 3 billion Global Medium Term Note Programme updated on December 24, 2020. The Social Bonds will be secured by the creation of Charge on a specified pool of receivables exclusively earmarked for this issuance.
Tata Motors partners with Karnataka Bank to extend retail finance support
Tata Motors, India’s leading automotive brand has signed a Memorandum of Understanding (MOU) with Karnataka Bank in a joint effort to introduce attractive financing offers for its customers to purchase their favourite Tata car. Customers can now take advantage of a variety of schemes on their future vehicle purchase available across 857 branches of Karnataka Bank.
Removal of tax on dividends in Budget 2021 could cheer retail investors
Removal of tax on dividends could be the biggest welcome step for the Indian equities which would boost the system with long-term consistent inflows & reboot the market sentiment, Sacchitanand Uttekar, Tradebulls Securities said.
SCAM 2020 – CBI detects 2new bank frauds worth ₹8,239.79 cr
The Central Bureau of Investigation on 18 December 2020 registered 2 separate cases of alleged bank fraud worth ₹8,239.79 crore. While Canara Bank filed a complaint of fraud to the tune of ₹7,926 crore against Hyderabad_based Transstroy (India) Ltd, State Bank of India has filed a complaint of fraud of ₹313.79 crore against Chennai_based Agnite Education Ltd.
Mrs Bectors reports 2nd highest IPO subscription in last demi-decade
Mrs Bectors Food Specialities recorded the highest subscription among all IPOs in 2020 and the 2nd in the last five years. Their Rs 540.54-crore IPO received subscription of 198.02 times during 15-17, December, 2020 backed by a strong response from all investors including its employees, though they had a significantly smaller portion compared to others.
