Tata vs Mistry: Cyrus Mistry says don’t want to be chairman of Tata Sons
Mistry, the ousted Tata Sons chairman, in a public statement said he has taken the decision in the overall interest of the Tata group, whose interests are far more important than those of any individual. (IE photo)Cyrus Mistry on Sunday…
HCL Tech rating | Buy — Company to gain from public cloud repatriation
Higher IMS exposure and stronger hybrid cloud capabilities make HCLT the biggest beneficiary.Repatriation of workloads from public cloud to on-premise/hybrid cloud is likely to be a key emerging horizontal theme. Higher IMS exposure and…
Claims worth Rs 4,800 crores admitted from fixed deposit holders of debt-laden DHFL
However, claim which has been admitted from SBI and SBI Singapore is Rs 7,131.31 crore and Rs 2,951.59 crore is under verification.The Reserve Bank-appointed administrator of beleaguered Dewan Housing Finance Limited (DHFL) has admitted…
Operation twist-III: RBI to buy, sell debt worth Rs 10,000 crore each; key details
The RBI had announced to purchase and sell simultaneously government securities under OMO for Rs 10,000 crore each last week.The Reserve Bank of India (RBI) on Thursday said that it will conduct simultaneous purchase and sale of…
Centre deallocates coal block allotted to PFC arm for 4000 MW power project
Due to the long delay in development of the mine, show-cause notices were sent by the coal ministry in 2013 and 2019.The Centre has deallocated a coal block in Odisha allotted to a wholly-owned arm of Power Finance Corporation(PFC) for…
Route Mobile to raise Rs 600 crore through IPO, gets Sebi nod
As per the draft red herring prospectus (DRHP) filed by the company, the offer comprises a fresh issue worth Rs 240 crore and an offer for sale (OFS) of Rs 360 crore by promoters Y Sandipkumar Gupta and Rajdipkumar Gupta.Route Mobilehas…