Mumbai, May 5: Three public sector lenders — the Bank of Baroda (BoB), Bank of India and Dena Bank — have upped their base and benchmark prime lending rates (BPLRs) by 0.5 per cent each with effect from tomorrow, the banks said in separate statements here today. BoB and Bank of India’s base and BPLR will stand at 10 per cent and 14.25 per cent, respectively. Dena Bank’s base rate has been increased to 9.95 per cent, while its BPLR will go up to 15 per cent.
Mumbai, May 5: Sahara India today filed an appeal in Bombay High Court against the order of a single judge who had held that Jet Airways was liable to pay Rs 1,450 crore for purchase of Sahara Airlines (now Jetlite) in 2007.
Hyderabad, May 5: Zenotech Laboratories founder Jayaram Chigurupati has moved the CLB seeking permission to buy back shares from Ranbaxy and its Japanese owner Daiichi Sankyo.
New Delhi, May 5: ONGC’s Rs 11,500-crore follow-on public offer is scheduled to open on July 5. The government plans to sell 5 per cent (427.77 million shares) through the offer.
New Delhi, May 5: Cipla today said increased factory overheads at the Indore SEZ and a rise in material costs had resulted in a 22.33 per cent drop in net profit at Rs 214 crore for the fourth quarter ended March 31.
New Delhi, May 5: Mumbai International Airport has approached the Airports Economic Regulatory Authority (AERA) seeking permission to charge airport development fees from passengers. The move follows the Supreme Court ruling that only the AERA has the power to allow Delhi and Mumbai airports to collect the fee.
Chennai, May 5: Nokia will soon introduce a dual SIM-enabled mobile phone in the Indian market, a company official said today.
