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