UBS will lead the Ferrari IPO
Bloomberg reported Tuesday that UBS will be the investment bank that leads Ferrari’s initial public offering, scheduled for October. Bloomberg’s Tommaso Ebhardt, Ruth David, and Mark Clothier cited “people with knowledge of the matter” and added that “JPMorgan Chase... read more »
Textile Minister Santosh Gangwar lays foundation for apparel & garment...
Textile Minister Santosh Gangwar today laid the foundation stone for an apparel and garment making centre in Aizawl, the capital of Mizoram. “The centre will be the beginning of setting up an organised industry in Mizoram,” Gangwar said. Apparel and garment making centres are being... read more »
Power Grid clears Rs 2,247 cr for Green Energy Corridor project
State-owned Power Grid CorporationBSE 0.04 % of India (PGCIL) today said its board has approved a Rs 2,247.37 crore investment plan for the third part of the inter-state electricity transmission project. In a BSE filing, the company said: “The Board of Directors of the company at its meeting... read more »
IRDA slaps fine of Rs 10 lakh on Tata AIA Life Insurance
Insurance regulator IRDA today imposed a fine of Rs 10 lakh on Tata AIA Life Insurance for excess payment to corporate agents. Besides, the regulator has also levied a fine of Rs 5 lakh on IndiaFirst Life Insurance for providing non-financial incentives to staff of corporate agent. Besides, the... read more »
