The bank#39;s board on January 13, 2018 had approved a composite scheme of amalgamation of Capital First, Capital First Home Finance and Capital First Securities (collectively referred as amalgamating companies) with IDFC Bank (amalgamated company).
The company further said it will undertake a two-week production pause at the plant in December and has asked 500 workers to stay at home although they would continue to draw salaries during the period.
"The board of directors of the bank, have by circular resolution... approved the raising of tier II capital by issue of tier II Basel III compliant bonds for an issue size of Rs 200 crore with green shoe option of additional Rs 100 crore aggregating Rs 300 crore in one or more tranches on a private placement basis," Indian Overseas Bank said in a regulatory filing.
GEECL#39;s coal-bed methane (CBM) block may hold as much as 6.63 Trillion cubic feet (Tcf) of shale resources, of which about 1.7 Tcf can be recovered, he said.
Commodity cost pressure has also abated since then and this bodes well for the future trajectory of growth, said Shibani Kurian of Kotak Mahindra Asset Management
The IPO is aimed at providing the group with funds to pay down debt and place big bets on innovations that chief Executive Masayoshi Son predicts will drive future tech trends.
Hemang Jani of Sharekhan said elections always are make or break event for market.
The deals which will go live on November 30 include Rs 1500 cashback on all Citibank credit and debit cards on the purchase of the OnePlus 6T.
Looking at the options data, open interest concentration in the December series is seen at 10,500 Put and 11,000 Call. This is indicative of the broader range as expected by market participants
He expects the equity market to remain volatile responding to incoming events and data
