Monday 1 October 2018

MARKET NEWS CORNER



 NEWS CORNER 


1.     The Reserve Bank of India (RBI) has frozen the remuneration of Bandhan Bank chief executive officer and managing director ChandrashekharGhosh for not complying with the promoter shareholding norms. Bandhan Bank also cannot open new branches without the regulator's permission.


2.     SEBI has barred Rich Infra Developers India and its four directors from the capital markets for at least four years and also directed them to refund money collected illegally from investors. The directors have also been restrained from holding key managerial position of any listed company for four years, the Securities and Exchange Board of India (SEBI) said in an order dated September 27.
3.     Kesoram Industries has received an approval from Karnataka government for acquisition of some 675 acres of land for Industrial purpose.
4.     Canara Bank’s board decided to hike equity share capital amounting upto Rs250cr (Face Value), through qualified institutional placement route.
5.     Reliance Communications clarified that Paytm’s parent company-One97 Communications has filed petition in NCLT for dues worth Rs20.25cr against its two arms.
6.     Central Bank invoked pledge on the shares of Rolta India’s arm.



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