The SAT in an order dated June 21 allowed the company to go ahead with the EGM, but restricted it not to announce the voting results by the shareholders, as the matter is pending before the court.
Anil Kumar SG, Founder and CEO, Samunnati said, “With the launch of FPOnEXT, we seek to deliver a bouquet of products to FPOs in a more structured manner, aligning to the goals and mission of growth of the agricultural ecosystem.”
"Capacity utilisation has dropped significantly to 40%-60% which makes debt servicing a challenge. A similar impact has been seen by vehicles that are involved in tourist services, school bus operations, and local conveyance where a large portion of this book may already be restructured or may have slipped into NPAs," Ind-Ra said.
The bank said on Wednesday that it has entered into an arrangement with Kolkata Metro for the branding rights of the entire station of Salt Lake Sector V. This is the first of its kind arrangement for the Indian Railways where a private entity has been given the branding rights to an entire station, the bank said in a statement.
“As a Bank we are certainly sorry for what has happened and have taken this as an opportunity to improve and redouble our efforts to fix this problem for good,” HDFC Bank's managing director and CEO, Shashidhar Jagdishan said.
Under a participating plan, a policyholder is eligible to get a share in the profits of company in the form of bonus.
The Federal Bank has donated 10,000 vaccine carriers to the Kerala government. This was part of various infrastructure, logistical and awareness programmes that the Federal Bank Hormis Memorial Foundation, the CSR arm of the bank major, recently undertook to help combat the second wave of the pandemic in the country.
A day earlier, the SAT set aside a Sebi order, allowing PNB Housing to go ahead with the shareholders' meeting to consider the proposed Rs 4,000 crore investment by private equity firm Carlyle and others in the mortgage firm.
According to police, totally Rs 48 lakh has been stolen from Automated Cash Withdrawal and Deposit Machines also known as Cash Deposit Machines (CDM) located in various places including Velachery here.
With regard to InvITs, Managing Director P R Jaishankar said that IIFCL would be more like a financier and it makes more sense to invest at the special purpose vehicle level.
In a circular to all non-life insurers including standalone health insurers, the Insurance Regulatory and Development Authority of India (IRDAI) has said companies have to file their products with it, if home treatment is offered as an add-on cover.
The NBFC feels that the demand for gold loan in FY22 will be fuelled by healthcare requirements, pandemic-driven uncertainty, the limitations of the banking sector to serve gold loan demand at the earlier pace due to decreased gold prices and the end of 90% LTV (loan-to- value) lending on March 2021, apart from increased credit crunch due to prevailing policies.
"The liquidity is there, demand is there. Once the economy opens up, it will all come back into one month in one quarter. There is going to be revenge travelling, revenge holidaying, revenge journeys, revenge eating-out. So things look quite okay on the macro side."