UCO Bank to raise Rs 775 crore through issue of preferential shares

Kolkata, Aug 1 : State run UCO Bank on Monday said it is planning to issue of shares on a preferential basis to the government for a capital infusion of Rs 775 crore. “…the Board of directors considered the proposal for issue of equity shares to Government of India against their proposed contribution of Rs […]

Automobile manufacturer’s post healthy July sales

New Delhi, Aug 1 : Indian automobile manufacturers saw higher sales in July with industry experts attributing the acceleration in demand to good monsoon and positive consumer sentiments. “The automotive industry is in the recovering phase, with good monsoon and positive customer sentiments, the growth this year is expected to be better than last year,” […]

Jharkhand CM launches initiative to ensure sustainable employment

Ranchi, Aug 1 : Jharkhand Chief Minister Raghubar Das launched the PanIIT Alumni Reach for the Jharkhand Foundation here on Monday and said it will help bridge the skill gap and ensure sustainable employment in the state. “Our youth are our strength and it is important to provide them with the requisite skills that will […]

Wipro arm buys Israeli aerospace firm

Bengaluru, Aug 1 : Wipro Infrastructure Engineering, a subsidiary of Wipro Enterprises Ltd, on Monday announced acquiring Israel-based aerospace firm H.R. Givon for an undisclosed amount. “The acquisition will help us to broaden product portfolio, expand global footprint and forge deeper customer ties in the aviation and aerospace industry,” the city-based subsidiary said in a […]

Special status: TDP MPs protest in Parliament

New Delhi, Aug 1 : Unhappy over the Centre’s stand on special status to Andhra Pradesh, TDP, a partner in NDA government, on Monday staged protests both inside and outside Parliament. Seeking immediate announcement for special status, the MPs of Telugu Desam Party (TDP) tried to disrupt the proceedings in the Lok Sabha. Holding placards […]