Jun 21, 2021
By: Rounak Jain
Credit: BCCL
Market regulator SEBI has put the brakes on the proposed ₹4,000 crore deal with the Carlyle Group, which gave it the controlling stake in the public sector lender.
Credit: PNB Housing Finance
Credit: PNB Housing Finance
Jio added the most active users in March, with 7.3 million new additions. Airtel added 4.8 million while Vodafone Idea lost 0.4 million users.
Credit: BCCL
Crude oil prices climbed $72 as nuclear talks with Iran ended without any agreement. Indian Oil, BPCL and Hindustan Petroleum will be in focus.
Credit: Pixabay
Oil India, Info Edge, Jaiprakash Associates, Bharat Dynamics, HBL Power Systems, MM Forgings, Rico Auto Industries, VST Tillers Tractors.
Credit: Pixabay
Its resolution plan for the bankrupt Essar Power MP has been approved by the latter’s Committee of Creditors. Essar owns a 1,200MW power plant in Singrauli, Madhya Pradesh.
Credit: Adani Power
It will buy a 4.99 percent stake in HDFC Ergo from HDFC, for ₹1,906 crore, at ₹536 per share. It has also recommended a dividend of ₹6.5 per share.
Credit: BCCL
S&P reaffirmed the bank’s BBB- rating and upgraded the outlook from negative to stable.
Credit: BCCL
Ratings agency Crisil has downgraded the state-owned company’s long-term credit facilities rating to AA-/Negative from AA/Negative.
Credit: BCCL
Received in-principle approval from the Reserve Bank of India for setting up a small finance bank. This is after Centrum Financial Services, along with Bharat Pe, submitted an expression of interest to take over PMC Bank.
Credit: Centrum Capital