Here's what permission to sell its stake in UTI mutual funds means for Punjab National Bank
The lender is strengthening its capital base which will indicate that the bank is safe from headwinds.
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The lender is strengthening its capital base which will indicate that the bank is safe from headwinds.
Proceeds worth Rs 68 crore from the fresh issue will be used to repay debt, and Rs 119.5 crore will be spent on working capital requirements, besides general corporate purposes. Get more IPO News and Business News on Zee Business.
Amendments are being proposed to India's capital gains tax regime to make it simpler and streamlined.
As both Congress and AAP are plannig for the old pensionscheme, here's why turning the clock on reform is terrible politics and certainly bad economics.
The government has garnered about Rs 3,839 crore by selling its 1.5% stake in Axis Bank, held through SUUTI. Last week, the government sold a 1.5% stake in Axis Bank through the Specified Undertaking of the Unit Trust of India (SUUTI).