Bizbits

Sebi clears PNB issueMUMBAI -- SEBI has cleared the public issue offer document of Punjab National Bank amounting to Rs 497 crore in the wee...

Sebi clears PNB issue

MUMBAI — SEBI has cleared the public issue offer document of Punjab National Bank amounting to Rs 497 crore in the week to April 3. During the same week, the regulator cleared the rights issue of Talbros Engineering and Transmedica Ltd amounting to Rs 1.41 crore and Rs 14.92 crore, respectively. The Punjab National Bank issue will be lead managed by ICICI Securities.

Binani plans lead, zinc smelters

MUMBAI— Binani Industries has firmed up plans to set up a new 70,000 tpa lead smelter and one lakh tpa zinc smelter in Gujarat with capital power and infastructre facilities. The company is actively pursuing tie-up for raw material requirements for its new smelters.

Bank of Baroda revises interest rates

Story continues below this ad

MUMBAI— Bank of Baroda has again announced a revision in interest rates on deposits and lending. Accordingly, the prime leading rate has been cut by 50 basis points from 14 per cent to 13.5 per cent. The revised domestic term depositsare: 6 per cent for 30-45 days, 7 per cent for 46-90 days, 8 per cent for 91-179 days, 9 % for 180 days to one year, 10 per cent for 1-2 years, 11% for over 2-3 years and 12% for over 3 years.

SP Architectural

MUMBAI— Shapoorji Pallonji Archetectural Coatings Ltd, a Shapoorji Pallonji group company, has launched PVDF coatings for metal surfaces in technical collaboration with PPG Industry, USA, a leading producer of flat glass. Recongnising the need for a superior paints system, it has set up a new plant at New Bombay for the new PVDF process.

Magnitude 7.1 earthquake strikes near east coast of Russia’s Kamchatka region

World3 hr ago

A powerful 7.1 magnitude earthquake hit near Russia's Kamchatka region on Saturday, according to the German Research Centre for Geosciences. The quake occurred at a depth of 10 km and was felt on the east coast.

View all shorts

Live Blog