Mumbai, Sept. 1: The Reserve Bank today issued revised and final guidelines for raising non-equity regulatory capital instruments by banks under the stringent Basel III framework under which lenders can issue tier II capital with a minimum original maturity of 5 years against 10 years now. “Banks can also issue tier II capital instruments with a minimum maturity of at least 5 years compared to 10 years at present,” the RBI said today.
Mumbai, Sept. 1: The Securities and Exchange Board and the Competition Commission of India have approved the merger of the United Stock Exchange of India with the BSE, making it the first merger of two exchanges in the country.
Mumbai, Sept. 1: SpiceJet SpiceJet, under its discount fares as low as Rs 499, has sold over one lakh tickets on Day 1 of the three-day offer. By 4pm, ticket sales touched the 1-lakh mark, a source said.
New Delhi, Sept. 1: Power ministers and the representatives of five states will meet coal and power minister Piyush Goyal tomorrow. Maharashtra, Gujarat, Haryana, Rajasthan and Punjab are facing power crises because of the shutdown of some units of Mundra plants run by Tata Power and Adani Power.
New Delhi, Sept. 1: Cipla today launched its generic drug used to treat asthma and chronic obstructive pulmonary disease in Germany and Sweden.
New Delhi, Sept. 1: Sportswear firm Nike has applied for permission to open company-owned stores to retail its products in the country, a government notification said.
New Delhi, Sept. 1: The disinvestment department has initiated the process of appointing merchant bankers to manage the 5 per cent stake sale of PFC and REC, which could fetch over Rs 3,000 crore.
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