Mar 17, 2021
By: Rounak Jain
Vedanta Resources Plc has increased its offer to buy Vedanta Limited shares to 17.5 percent from 10 percent, and the offer price has been raised to ₹235 per share.
Credit: Vedanta
The RBI has rapped SBI, imposing a penalty of ₹2 crore for violating norms on employee remuneration.
Credit: Wikimedia
The state-owned company has declared a second interim dividend of ₹5 per share, with the record date set as March 27.
Credit: BCCL
It has received orders worth $23 million (approx. ₹167 crore) from Cameroon, Bangladesh, for construction equipment.
Credit: BCCL
The company has launched a new range of tyres for the compact SUV segment.
Credit: BCCL
The company has completed raising ₹3,750 crore for business expansion by selling shares to institutional investors.
Credit: BCCL
It has announced its intention to enter the electric vehicle business, and as the first step, it has acquired a new group company Kalyani Powertrain.
Credit: Bharat Forge
The group will get the release of mutual fund units worth ₹344 crore from IL&FS Securities after a Supreme Court order.
Credit: Dalmia Bharat
The distressed company has raised ₹2,060 crore by issuing bonds and the proceeds will be used to repay debts to 11 banks.
Credit: Kesoram Industries
It has been declared as the L1 bidder by the NHAI for the construction of a greenfield highway project in Telangana.
Credit: BCCL