SBI To Conduct Mega E-Auction of 1000 + Properties On 25th October 21
On October 25, 2021, the country’s largest lender, State Bank of India, will hold its massive e-auction for more than 1k properties. The auction will [Read More]
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Ibis Hotel to invest over Rs.500 crore to add 685 keys across 4 hotels by FY 24
Lifestyle focused midsegment international hotel chain Ibis, a part of the French hospitality major AccorGroup and a joint venture with InterglobeHotels, will be investing over [Read More]
Future Retail moves Supreme Court against High Court order on deal with Reliance
Kishore Biyani-led Future RetailLtd on Saturday said it has approached the Supreme Court against an order passed by the Delhi High Court to maintain status quo in relation [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.
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.
