Private lender Yes Bank on Saturday said the Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of the bank’s paid-up share capital and voting rights. Importantly, RBI has clarified that following this acquisition, SMBC will not be classified as a promoter of Yes Bank. The bank … Read more
The Koorgalli unit of the Federation of Farmers’ Organisation was inaugurated on Sunday in a bid to give a thrust to local movement against land acquisition. The unit was inaugurated by Kurubur Shanthakumar, president, State Sugarcane Cultivators Association who rued that politicians who seek farmers votes to get elected, conspire to evict them by acquiring agricultural … Read more
Bengaluru: Healthcare insurance provider Medi Assist Insurance TPA Private Limited (“Medi Assist TPA”), a wholly owned subsidiary of Medi Assist Healthcare Services Limited, has completed its acquisition of a 100% stake in Paramount Health Services & Insurance TPA Pvt. Ltd. (“Paramount TPA”). The acquisition is indicated to add ₹4,000 crore in health premiums under administration. … Read more
X CEO Linda Yaccarino has said users will soon be able to make investments or trades on the social media platform, the Financial Times reported on Thursday, a move to support billionaire owner Elon Musk‘s vision to create an “everything app.” In an interview with the publisher, Yaccarino said the company was exploring the introduction … Read more
Jio Financial Services announced on Thursday that it has invested Rs 1,000 crore in Jio Finance, its wholly owned subsidiary. The investment was made through the subscription of 1,73,77,412 equity shares at Rs 10 each. The funds will be used by Jio Finance to support its business operations. The company said that as this transaction … Read more
Jio Financial Services announced on Thursday that it has invested Rs 1,000 crore in Jio Finance, its wholly owned subsidiary. The investment was made through the subscription of 1,73,77,412 equity shares at Rs 10 each. The funds will be used by Jio Finance to support its business operations. The company said that as this transaction … Read more
Packaged snack maker Prataap Snacks has received an open offer from Authum Investment & Infrastructure and Mahi Madhusudan Kela to acquire up to 62.98 lakh equity shares which represent 26.01% stake in the company at Rs 865.66 per share. The cash offer comprises a price of Rs 864 per equity share along with an interest … Read more
Shares of the newly-listed International Gemmological Institute soared 10% on Thursday to hit their upper circuit and a new high of Rs 580.45 on the BSE following the 100% acquisition of IGI Netherlands and International Gemmological Institute BV. “With reference to the captioned subject and in accordance with Regulation 30 of the Securities and Exchange … Read more
Andhra Pradesh Health Minister Satya Kumar Yadav. File | Photo Credit: The Hindu Andhra Pradesh Health Minister Satya Kumar Yadav has formally requested Water Resources Minister Nimmala Ramanaidu to expedite the land acquisition process for the Jilledubanda Reservoir (JBR) project located in the Dharmavaram Assembly constituency of Sri Sathya Sai district. In a letter addressed … Read more
Kochi Kerala 06/10/2024. Landowners who ought to surrender land for the 44 km Kundannur-Angamaly NH 544 corridor seek clarity on the compensation norms and the expected time span to complete the land acquisition process | Photo Credit: H. Vibhu Seeking clarity on the land acquisition and allied aspects for the 44 km-long Angamaly-Kundannur NH 544 … Read more