Private lender Yes Bank on September 10 said it has fully repaid Reserve Bank of India (RBI) the entire Rs 50,000 crore of Special Liquidity Facility it had availed. The chairman of the bank, Sunil Mehta, confirmed the development at the virtual Annual General Meeting of the shareholders held on earlier today. … [Read more...] about Yes Bank says no merger plans with SBI, repays entire Rs 50,000 crore to RBI
Planned parenthood 3 percent
The airlines is planning to start flights to nowhere for flyers who have been missing the experience of flying. The move is aimed at boosting revenues for the airline, which, according to a recent Reuters report, plans to cut 4,300 positions, or around 20 percent of its staff, as business takes a hit due to the coronavirus oitbreak. … [Read more...] about Singapore Airlines plans ‘no-destination’ flights to satisfy flyers’ itch: Report
A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine. … [Read more...] about Govt’s ‘well planned fight’ against COVID-19 has put India in ‘abyss of GDP reduction’: Rahul Gandhi
Since the scheme’s debt component would be restricted to just 35 percent, it would be managed conservatively, says Dinesh Ahuja, debt fund manager for the fund. “We will stick to high-quality AAA-rated names, and if there is a potential to generate alpha in AA or AA-plus rated corporate bonds, we would consider high-quality names in that segment,” he says. … [Read more...] about SBI Magnum Children’s Benefit Fund (Investment Plan) NFO: Should you invest?
“Valuations are extremely rosy in the API (active pharmaceutical ingredients) and CRAMS (contract research and manufacturing) segment and this is an opportune time for the promoter family to evaluate an exit. Investment bank Kotak Mahindra Capital has been mandated to find a suitable suitor for a majority stake,” said one of the persons cited above. … [Read more...] about Promoters of Hyderabad-based Granules India revive exit plans