Related News

Bajaj Auto experienced temporary delivery restrictions due to international component availability issues in recent weeks. (AI image) Bajaj Auto announced on Friday the restoration of its Chetak electric scooter deliveries

In an industry where star earnings often rise and fall with box-office success, Jackie and Ayesha Shroff’s early bet on television proved to be a defining financial decision. Their timely

China has designated an additional 7 million tonnes of urea for export purposes, further relaxing restrictions on fertiliser shipments. (AI image) India and China are sorting their trade related issues

The government has established two high-level committees comprising secretaries, technocrats and economists, with former Cabinet Secretary Rajiv Gauba, a full-time NITI Aayog member, as their chairperson, according to ET sources.Simultaneously,

Private sector activity in India reached record levels with the HSBC Flash India Composite PMI Output Index touching 65.2, driven by increased order volumes.The services sector achieved its highest reading

Gold price prediction: Gold prices on MCX are currently trading around ₹99,300, showing signs of stabilization after recent declines. (AI image) Gold price prediction today: Gold rates have been stabilizing

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Indian Bank gets nod to raise 5,000 crore via QIP, FPO

Word Count: 425 | Estimated Reading Time: 3 minutes


Indian Bank gets nod to raise 5,000 crore via QIP, FPO

CHENNAI: The Annual General Meeting (AGM) of Indian Bank approved a special resolution, enabling the public sector bank to raise up to Rs 5,000 crore through Qualified Institutional Placement, follow-on public offers, rights issue, or in combination, through one or more tranches. The special resolution was approved during the bank’s AGM held in June, the minutes of the meeting were made available on the stock exchange on Tuesday. Bank’s board in May approved raising capital up to Rs 5,000 crore.





Source link