Oct 19, 2021
By: Rounak JainRBI has imposed a ₹1 crore penalty on SBI for violating norms related to fraud classification and reporting.
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Its Mundra plant will start supplying power to Punjab and Gujarat at ₹4.5-5.5 per unit. Three more states could join, according to media reports.
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Its September quarter net profit surged 11 percent to ₹552 crore, while revenue increased 9 percent to ₹3,767 crore, quarter-on-quarter.
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It has also declared an interim dividend of ₹15 per share.
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Its subsidiary has entered into a partnership with Orbic, a US-based smartphone company to manufacture smartphones at its facility in Noida.
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The telecom department has written to telcos to convey whether they will apply for AGR moratorium and the equity conversion scheme.
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Nestle India, Hindustan Unilever, Tata Steel BSL, L&T Technology Services, Jubilant Ingrevia, Rallis India, ACC, DCM Shriram, among others.
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Penna Cement Industries has received approval for its ₹1,550 crore IPO.
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Its board will meet on October 21 to consider a proposal for issuing bonus shares.
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