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Business  /  Published 07.03.19

Singapore duo to invest in Bharti rights offer

Bharti Airtel has received commitment from Singtel and GIC of Singapore to subscribe to its Rs 25,000- crore rights issue, which is part of its Rs 32,000-crore capital raising programme to curtail deb...
By Our Special Correspondent in Mumbai

Business  /  Published 22.02.19

Shareholders clear way for Jet Airways bailout

Jet Airways has obtained shareholders’ approval for various proposals that include the conversion of bank loans into equity.The development, though expected, should come as a relief for the crisis-h...
By Our Special Correspondent in Mumbai

Business  /  Published 21.08.19

Bid to hike ITC chairman’s pay

ITC Ltd is seeking shareholders’ nod to raise the salary of its chairman and managing director and wholetime directors after it could not get the approval of overseas shareholders for a new stock op...
By Our Special Correspondent in Calcutta

Business  /  Published 21.02.19

Questions raised at Jet Airways EGM

Jet Airways on Thursday convened a meeting of its shareholders where various proposals, including the conversion of loans into shares, were discussed.The extraordinary general meeting (EGM), which was...
By Our Special Correspondent in Mumbai

Business  /  Published 15.02.19

Rights issue on Jet Airways revival radar

Crisis-hit Jet Airways may come out with a rights issue that could see the participation of promoter Naresh Goyal and Etihad.The board of the full service carrier had approved a bank-led resolution pl...
By Our Special Correspondent in Mumbai

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Business  /  Published 02.01.20

Essar shareholder plight

The resolution plan proposed by AreclorMittal and approved by Indian courts has obliterated the ownership rights of the erstwhile promoters of Essar Steel India. But it has also left a huge number of ...
By Sambit Saha in Calcutta

Business  /  Published 11.06.20

Check on promoters

A discussion paper of the RBI on Thursday proposed that the maximum tenure of a promoter of a bank as a wholetime director or CEO in that lender should be 10 years. RBI said to build a robust culture ...
By Our Special Correspondent in Mumbai

Business  /  Published 17.02.19

Breather for Anil firms

In a major relief to Anil Ambani, his Reliance Group is understood to have reached an in-principle standstill understanding with more than 90 per cent of its lenders at the promoter group level.Under ...
By Our Special Correspondent in Mumbai

Business  /  Published 15.02.19

Disclosure rules get more tough

The Centre has set in motion a stricter disclosure regime for Indian companies to reveal the identity of a “significant shareholder” who prefers to mask the extent of his influence and control beh...
By Sambit Saha in Calcutta


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