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Explore Now Mumbai: lnduslnd Bank promoters IndusInd International Holdings Ltd (IIHL) have converted warrants in the bank at a 60 percent premium to Tuesday s closing price investing Rs 2,021 crores, putting to rest doubts on whether the Hinduja- backed company had the financial muscle to keep capitalising its crown jewel. The investment was done by raising funds through a rights share sale to the holders of IIHL and from sale of some assets that the company held. Furthermore, pledging a portion of the bank s shares with banks which made investors wary was to create a war chest for IIHL that is preparing to list itself. Hindujas said the pledge doesn’t reflect the financial strength of the business family. ....
Read more about Indices at day s high ahead of Union Budget on Business Standard. At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 436.58 points or 0.94% at 46,722.87. The Nifty 50 index surged 110.60 points or 0.81% at 13,745.45. ....
Cinema halls across the country will be permitted to operate at full capacity from February 1 with adherence to COVID-19 safety protocols, Union Minister for Information and Broadcasting (I&B) Prakash Javadekar announced on Sunday. Adequate physical distancing, mandatory face masks and sanitisation of auditorium after every screening are among the latest SOPs issued by the Ministry of Information and Broadcasting on Sunday, after the government allowed cinema halls to operate at 100 percent occupancy from Monday. Digital booking of tickets and staggered show timings to avoid crowding will be encouraged, the minister said, releasing a set of the Standard Operating Procedures (SOPs). ....
Prakash Purab celebrated with enthusiasm in Amritsar ANI | Updated: Jan 20, 2021 13:20 IST Amritsar (Punjab) [India], January 20 (ANI): As people from the Sikh community around the world celebrated Guru Gobind Singh Ji PrakashPurab with utmost faith and enthusiasm today, a large number of devotees offered prayers at Sri Harmandir Sahib Gurdwara in Amritsar. Today is a very big and special day for the Sikh community. People are offering prayers here. I pray for peace to prevail in the entire world, said Harpal Singh, a devotee. Many braved the cold to take a holy dip. Today is a very auspicious occasion. People have brought sweets from their homes to distribute among other devotees. I am here to pray for our farmer brothers who are fighting peacefully in Delhi. I request the Modi Government to accept their demands, said Chanan Singh, a local resident. ....