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The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

IDBI Bank approves issuance preference shares to LIC

The move will eventually lead to acquisition of 51 per cent shareholding by the insurance behemoth in the debt-ridden...

31 Aug 2018 3:25 PM IST

Life Insurance Corporation may be roped in to participate in the Rs 2.11 lakh crore recapitalisation initiative for public sector banks (PSBs). (File Photo)

LIC board to meet tomorrow to decide IDBI Bank stake hike plan

LIC is in the process of picking up additional 7 per cent stake in IDBI Bank through preference shares.

3 Sept 2018 11:57 AM IST

Earlier in the day, a case was registered against the Ola cab driver. (Representational Image)

Ola raises Rs 231 crore from Tekne Private Ventures

Company ran up a consolidated loss of over Rs 2,311 crore about Rs 6 crore a day during 2015-16.

11 Aug 2017 9:44 AM IST

Mukesh Ambani-led Reliance Jio announced free data and voice calls for existing and new customers under the Happy New Year offer, days before the 90-day inaugural welcome plan ended on December 3.

Reliance Jio to raise Rs 20,000 crore via rights issue

Company started charging for mobile services from April 1, but continues to offer disruptive data rates and free voice...

20 July 2017 5:48 PM IST

Companys board has approved redemption of 12.50 cr non convertible cumulative redeemable preference shares of Rs 10 each.

Thomas Cook India to redeem Rs 125 cr preference shares

Shares of Thomas Cook India closed at Rs 239.70 on BSE, down 1.20 per cent from its previous close.

1 Dec 2017 10:56 AM IST