LIC’s board to meet on Sept 04 to consider an acquisition of 36% stake in IDBI Bank.
Jaiprakash Power is mulling to converting loan of lenders into a compulsory convertible preferential share up to Rs4,000cr.
Bharti Airtel got FDI's nod to offload 20% stake in DTH unit to Warburg Pincus. The company is planning to roll out 9,000 new sites and 4,150km of optic fiber for FY19 in Rajasthan.
Vedanta gets Rs97.5cr penalty for illegal mining royalty. The company received 41 out of the 55 oil and gas blocks.
Tech Mahindra’s certificate of authorization for pre-paid card issuance gets cancelled by RBI.
State Bank of India to offload 3.9% stake in NSE through secondary sale.
Lakshmi Vilas Bank got an approval from IRDA to offer general insurance products.
JK Tyre has opened a global research and technology centre in Mysuru.
Jet Airways received US$300mn as lease incentives, debt from banks. The airline company to induct 11 Boeing 737 Max aircrafts in FY19.
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