NEWS CORNER
1.
Yes Bank has received a letter
from RBI allowing RanaKapoor to be the bank’s managing director and CEO till
Jan 31, 2019.
2.
Graphite India clarified that the
complainants regarding pollution issues in its Bengaluru Plant have approached
National Green Tribunal (NGT) and the matter is currently pending there.
Application to the Pollution Board for consent has been made well in time.
3.
PSU Banks will be in focus on
report that government is considering merging PNB, Oriental Bank of Commerce,
Andhra Bank.
4.
ICICI Bank to consider increasing
offshore raising of funds via debt instruments on Sept 24. SEBI also clarified
that the bank and ChandaKochhar have filed replies to the show-cause notices
but they have not received any settlement application from the bank or any
other related entity.
5.
IT Department is inspecting Jet
Airways’ books for alleged falsification of accounts and suspicious
transactions.
6.
Gravita added new washing line
and PPCP Granules extrusion lines with annual capacity or 4,800 MTPA at its
Andhra Pradesh plant.
7.
Aditya Birla Finance filed
arbitration against the IL&FS Transportation Networks before High Court of
Delhi.
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