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Indian Bank's profit crosses Rs 500-cr mark
Indian Bank is planning to raise around Rs 1,000 crore through Tier-II capital bonds, to augment its Tier-II capital. The bank also said it got nod from the bank’s Board to issue offer perpetual bonds or debentures to financial institutional investors (FIIs). Meanwhile, for the first time in the history of the bank, net profit crossed Rs 500 crore mark to touch Rs 526 crore for the third quarter

Market improving for disinvestment: ONGC

ONGC said on Thursday market conditions were looking up for its proposed five per cent disinvestment and it was ready for the follow-on public offer (FPO) as and when it came. "The plan is still on

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An interesting agri-initiative runs short of funds

The Ministry of Agriculture, in March 2011, released guidelines for spending Rs 300 crore in implementing an urban Vegetable Initiative aimed at providing India’s middle classes more locally

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No buy recommendation

Most highly graded public issues did not perform well this year; lost 30% money. According to a report by SMC Global Securities, the Initial Public Offer (IPO) market has been a big wealth destroyer

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ONGC FPO after appointment of independent directors

The Finance Ministry will decide on the date of the follow-on offer of Oil and Natural Gas Corp (ONGC) after the government appoints independent directors for the state-owned company."We will file

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Govt mulls LIC, PSBs to save divestment target

The critical role in meeting the government’s Rs 40,000-crore disinvestment target for the current financial year is likely to be ultimately played by the old guards, Life Insurance

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