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Business-News

Important news for this week

Big news that made headlines during the week.

Federal Bank Board approved buying 26% stake in Equirus Capital

Mahanagar Gas will bid for more city gas networks in the next auction

Bank of Baroda said that it has no exposure to LOUs issued by PNB in the alleged fraud case involving Nirav Modi

Dilip Buildcon bagged engineering, procurement, and construction project worth Rs157cr from Karnataka government

Adani Transmission received letter of intent for one inter-state transmission project in Rajasthan

JSW Group offers highest bid for Jaypee Infra, offering a little over Rs9,900cr to bank

Axis Bank asks CIO Amit Sethi to resign following whistleblower complaint

Cyient board approved reduction of non-resident investment from existing 100% to 49 %

RIL to acquire 5% stake in Eros International Plc for US $48.75mn, announces joint partnership to set-up Rs1,000cr corpus to co-produce and consolidate content

Union Bank said that it classified Rotomac Global account as a non-performing asset in October 2016

Bank of Baroda discloses Rs456.6cr exposure to Rotomac Global

Punjab National Bank looking to monetise real estate assets including office space in Delhi worth over Rs. 5,000cr

Infosys to divest entire stake in Onmobile Systems for US $2.5mn

Manipal Tech withdraws bankruptcy plea against Reliance Communications

PowerGrid  emerges as lowest bidder for Rs1,000cr transmission project