FIIs need RBI nod to buy shares in Yes Bank
Foreign investors will need the Reserve Bank’s approval to buy equity in private sector lender Yes Bank as it has reached the limit allowed for overseas shareholding. RBI said foreign shareholding limit in Yes Bank through FIIs/ Registered Foreign Portfolios Investors (RFPIs)/ NRIs/... read more »
Larsen & Toubro bags Rs 1,885 cr order from NTPC
Infrastructure firm Larsen & Toubro (L&T) said on Friday it has bagged a Rs 1,885 crore contract from NTPC for setting up steam generators for Tanda Thermal Power Plant in Uttar Pradesh. “L&T through its joint venture company L&T-MHPS Boilers Private Limited (LMB) has... read more »
Must disclose the whistle blower who gave visitors’ list: CBI chief
CBI chief Ranjit Sinha has said that noted lawyer Prashant Bhushan cannot claim immunity from disclosing the name of a “whistle blower” who provided him the list of visitors to his official residence and demanded that he reveal his source. In his affidavit filed before the Supreme Court in... read more »
Islamic State: John Kerry in Egypt for coalition talks
US Secretary of State John Kerry has arrived in Egypt amid US attempts to form a broad coalition to tackle Islamic State (IS) militants. Mr Kerry will meet Arab League chief Nabil al-Arabi in Cairo on the latest leg of his Middle East tour. He has enlisted the support of 10 Arab states so far,... read more »
