Last Updated : Tuesday, February 18, 2020 15:48:02

News of Banks | Banking | NBFC in Gujarat

ADANI ELECTRICITY completes 1st ever USD Bond issuance, raising USD $1 bln

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Ahmedabad headquartered Indian Diversified Conglomerate Adani Group’s Transmission arm – Adani Transmission Ltd said of its wholly owned subsidiary Adani Electricity Mumbai Ltd to have completed first ever US Dollar Bond issuance raising US Dollars $1 billion. For

INTELLECT DESIGN announces World’s First 100%, 45 mins Robotic Deployment

LONDON (UK) | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Information Technology sector company Intellect Design Arena Ltd said of having deployed world’s first 100% 45-minute robotic deployment of its fully-featured transaction banking portal CBX. The press-release titled, “iGTB Announces World’s First 100%, 45-minute Robotic Deployment of

GOCL CORP approves UNION BANK OF INDIA’s $300 mln credit facility offer

HYDERABAD | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Hyderabad headquartered oil marketing & distribution multinational Gulf Oil’s Indian arm GOCL Ltd (formerly Gulf Oil Corporation Ltd) said of its board of directors having accepted line of credit/Standy Letter of Credit (SBLC) facility amounting to USD $300

INDIA establishing a new model of affirmative action, says India’s PetroMin

NEW DELHI | RAJKOT – In a press-release issued by Press Information Bureau (PIB) of India, press & publicity arm of Government of India, it read of Union Minister of Petroleum and Natural Gas & Steel Dharmendra Pradhan having said of India establishing a new model of affirmative action, by providing employment and entrepreneurial opportunities

CHOLAMANDALAM FINANCE raises 4 bln rupees through bonds

CHENNAI | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Chennai headquartered financial services providing non-banking finance company (NBFC) Cholamandalam Investment and Finance Company Ltd raised 4 billion (~400 crore) rupees debt from CDC Group through 10-year rupee denominated Masala Bonds. The press-release titled, “Cholamandalam Finance raises INR

SBI kicks-off sale of Electoral Bonds

NEW DELHI | RAJKOT – In a press-release issued by Press Information Bureau (PIB) of India – press & publicity arm of Indian Government, it read that Sale of Electoral Bonds has started at State Bank of India’s (SBI) authorized branches. The 13th phase of sale of Electoral Bearer Bond Scheme – 2018 at SBI’s

SUNTECK REALTY inks MoU with SBI to give boost to residential space

MUMBAI | RAJKOT – In a regulatory filing as submitted to the Indian Stock Exchanges, Mumbai headquartered realty company Sunteck Realty Ltd said of having inked Memorandum of Understanding (MoU) with State Bank of India to give a boost to residential housing sector under the bank’s residential builder finance with buyer guarantee initiative. In a

ALL INDIA BANK EMPLOYEE’S ASSO calls for Nationwide Strike on 8th Jan

CHENNAI | RAJKOT – In a Joint Circular issued by All India Bank Employee’s Association dated 4th January, 2020 – Saturday, the banking union body has called for a national general strike on 8th January, 2020 – Wednesday. The circular titled, “National General Strike on 8 January 2020 Central Trade Unions invited by Labour Minister

MUTHOOT FINANCE’s MD George Alexander Muthoot attacked

ERNAKULAM | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Kerala (Ernakulam) headquartered financial services group – The Muthoot Group’s company Muthoot Finance Ltd said of the company’s Managing Director George Alexander Muthoot being attacked by criminals while he was on his way to the company headquarters at

PRADIP OVERSEAS opts for settlement of dues with SBI, to pay 230 mln rupees

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Ahmedabad headquartered textiles manufacturer Pradip Overseas Ltd said of having opted for one time settlement for outstanding debts with State Bank of India. According to the proposal given by the company to SBI, the company has agreed to

HDFC’s reports growth in loans & advances and deposits, in Dec 2019

MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Indian Private Sector Banking Major – HDFC Bank Ltd said of its advances & deposits business having grown significantly on year-on-year basis for the month of December 2019. The filing as submitted by the company further read that, The Bank’s advances

BAJAJ FINANCE’s DEC 2019 biz grew YoY on all parameters

PUNE | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, financial services providing company Bajaj Finance Ltd said of its December 2019 business having grown on all parameters year-on-year in terms of franchise business, new loan bookings and asset under management. In a filing as submitted by the

PayPal India will pay 1 LAKH rupees/child, to their employee who adopts a child

BANGALORE | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release disbursed to Media, digital payment major Paypal India said of re-enforcing commitment to be an Employee First company and said of the company having become an early adopter of the Adoption Assistance Program, introduced a financial assistance program valid for payment upto 1 lakh rupees per

TCS BaNCS™ Cloud Powers Digital Transformation for Credit Unions in UK

LONDON | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Mumbai headquartered Tata Consultancy Services Ltd, information technology arm of Diversified Indian Conglomerate – Tata Group, said of its solution TCS BaNCS™ to empower digital transformation for two credit unions in United Kingdoms (UK). The press-release

IN IMAGES | GIFT City gets First International Hotel Brand GRAND MERCURE

BANGALORE | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Bangalore headquartered real-estate Indian major – Brigade Enterprises Ltd said of having opened the first international brand hotel GRAND MERCURE at GIFT (Gujarat International Financial Tech) City, Gandhinagar in Gujarat. Grand Mercure Gandhinagar GIFT City features 151

AXISCADES wins key Engagement with Airbus

BENGALURU | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Bengaluru headquartered AXISCADES Engineering Technologies Ltd said of having bagged key engagement contract with multinational aviation and aerospace major Airbus which includes work on Fuselage, Product development and customer support services across different Airbus locations. In

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