Adani media arm to indirectly acquire 29.18% stake in NDTV, launch open offer

Ahmedabad (IANS) Adani media arm AMG Media Networks Ltd's (AMNL) wholly-owned subsidiary VCPL, which holds warrants of NDTV's promoter group company RRPR Holding Private Ltd (RRPR), entitling it to convert them into 99.99 per cent stake in…

PFC raises Rs 3,000 cr via 47-month bonds at 7.13%

Mumbai (IANS) Power Finance Corporation Ltd raised Rs 3,000 crore through bonds maturing in 47 months at a coupon rate of 7.13 per cent, market participants have said.

The company had planned to raise Rs 3,000 crore, which included Rs 2,500…

`India on the verge of capex recovery'

Chennai (IANS) India is on the verge of a new capital expenditure cycle recovery with the central government spending big on infrastructure, said Prabhudas Lilladhar, a financial services player.

In its latest report, Prabhudas Lilladher said…

No service charge on UPI, clarifies Centre

New Delhi (IANS) The Union Finance Ministry has clarified that no service charge would be levied on UPI transactions.

"UPI is a digital public good with immense convenience for the public & productivity gains for the economy. There is no consideration…

Paytm AGM 2022: Vijay Shekhar Sharma gets resounding vote of confidence from shareholders

New Delhi (IANS) One97 Communications Limited (OCL) that owns the brand Paytm, India's leading digital payments and financial services company and the pioneer of QR and mobile payments, recently held its 22nd Annual General Meeting, the first…

After nearly 15 yrs, Assam oil field resumes operations

Guwahati (IANS) After almost 15 years, state-owned Oil India Limited's (OIL) Khagorijan oil field in eastern Assam's Dibrugarh started operation on Saturday.

Assam Chief Minister Himanta Biswa Sarma attended the ceremonial function…

Air India launches additional flights to connect key metros

New Delhi (IANS) Aiming to boost connectivity between key metro cities, Air India will start 24 additional domestic flights from Saturday onwards.

Most of these flights will be deployed on the routes of metro cities including Mumbai, Delhi,…

ONGC, IRCTC among 21 PSEs running without full-time heads

New Delhi (IANS) As many as 21 central public sector enterprises (CPSEs) including Maharatna entity ONGC, Navratnas Oil India Ltd (OIL), and Bharat Electronics Ltd (BEL) and Indian Railway Catering and Tourism Corporation Ltd (IRCTC), among others,…

Fintech Uni suspends card services over RBI digital lending norms

New Delhi (IANS) Fintech startup Uni on Friday said it has suspended card services on its products in line with the recent notification by the Reserve Bank of India (RBI) around digital lending.

The startup said that is proactively suspending…

`PSBs privatisation should be gradual and not a big bang approach'

Chennai (IANS) The privatisation of public sector banks (PSB) should be made in a gradual manner since they are fulfilling important social objectives, said senior officials of the Reserve Bank of India (RBI).

Large scale privatisation of PSBs…