22nd April 2020
Today’s news headlines of Business Standard, Money Control and Financial express newspapers.
Federal Bank: Bank to buy an additional stake of up to 4 percent in IDBI Federal Life Insurance from IDBI Bank.
HDFC: Corporation reduced its retail prime lending rate on housing loans by 15 bps.
Tejas Networks Q4: Loss at Rs 126.53 cr versus profit at Rs 35.89 cr, revenue fell to Rs 54.57 cr versus Rs 273.13 cr YoY.
Shalimar Paints: Equity Intelligence India bought 1.84 percent stake, Assured Fin – Cap Pvt Ltd 1.28 percent in the company during March quarter.
ACC reports a drop of nearly 7% in Q1 consolidated net profit at Rs 323 cr.
¥ Vodafone Idea has submitted about Rs 1,367 crore to the government as license fee and spectrum usage charges for the March quarter.
© President Donald Trump announced a temporary suspension of immigration into the country.
™ Bookfield’s equity infusion crucial for Indostar Capital in Q1 FY21: CARE
RBI 3-month EMI moratorium could provide Rs 2.1 lakh cr liquidity to companies.
Fitch Solutions says RBI may cut interest rates by 75 bps by March 2021.
µ Sebi extends regulatory approval validity for IPO, rights issue by 6 months.
Finance minister called for enhancing the emergency financing facility of the New Development Bank, based on the requirements of member nations to fight the pandemic.
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