IPOs IndiGo, Infibeam, Teamlease looking to raise over Rs 3000 cr
In a big day for Initial Public Offers, at least three companies — low-cost carrier IndiGo, staffing firm Teamlease and e-retailer Infibeam — have lined up public offers to raise an estimated over Rs 3,000 crore from investors. Merchant banking sources said the draft papers for all... read more »
Relief for Nestle India as Bombay HC allows it to export Maggi
Nestle India’s senior counsel Iqbal Chagla informed the division bench of justice VM Kanade and justice BP Colabawala that 40,000 crore packets were to be recalled from across the country. He added 17,000 crore packets have already been destroyed and also assured the court that the process... read more »
HDFC Bank breaches RBI limits on loans to Reliance Industries
Leading private sector lender HDFC Bank has “exceeded” the single-borrower limits prescribed by regulator RBI in case of its credit exposure to corporate giant Reliance Industries Ltd (RIL). The bank, however, said its board of directors approved “the said excess in respect of this... read more »
L&T secures new orders worth Rs 2,035 crore
Engineering and construction major Larsen & Toubro (L&T) today said it has received orders worth Rs 2,035 crore across various business verticals. “The construction arm of L&T won orders worth Rs 2,035 crore across various business segments in June 2015,” the... read more »
