By Malvika Gurung
Investing.com — State Bank of India (NS:): The country’s largest lender informed raising Rs 4,000 crore through Basel III compliant Tier 2 bonds at a coupon rate of 7.57% on Wednesday.
HDFC Bank (NS:): The private lending giant has signed a multi-year agreement with the American-British company Refinitiv for acquiring new customers, digital transformation and cost reduction.
PB Fintech (NS:): The e-insurance major will invest Rs 650 crore in subsidiary Policybazaar Insurance Brokers and Rs 250 crore in Paisabazaar Marketing And Consulting.
IDBI Bank (NS:): LIC subsidiary company has completed its entire stake sale in the joint venture Ageas Federal Life Insurance Company for Rs 580 crore.
SpiceJet (NS:): The beleaguered airline has been ordered to continue operating at a 50% capacity until Oct 29 by the DGCA.
REC (NS:): The public finance company has received a ‘Maharatna’ central public sector enterprise status by the Centre, giving it greater operational and financial autonomy.
Triveni Engineering (NS:) & Industries, Triveni Turbine (NS:): The leading sugar manufacturer has sold its entire stake of 21.85% in Triveni Turbine for Rs 1,609 crore.