Allahabad Bank raises Rs 1,000 cr capital

Kolkata, Jan 27 :  Public sector lender Allahabad Bank on Friday said it has raised Rs 1,000 crore in tier-two bonds through private placement.

“Allahabad Bank has raised on Wednesday, Basel III compliant Tier 2 Bonds aggregating Rs 1,000 crore through private placement at an annual coupon of…

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Key Indian equity indices trade higher

Mumbai, Jan 27 :  Key Indian equity market indices opened in the green on Friday following a pre-budget rally.

The 30-scrip Sensitive Index (Sensex) was trading 115.82 points or 0.42 per cent higher during the early session.

The wider 51-scrip Nifty of the National Stock Exchange…

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India, UAE ink 14 pacts in areas like defence, security

New Delhi, Jan 25 (PTI) In a bid to boost their strategic ties, India and the UAE today signed more than a dozen pacts in key areas like defence, security, trade and energy apart from a comprehensive strategic partnership agreement amidst assertion by Prime Minister Narendra Modi that cooperation stands…

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Give Rs 1,000 subsidy to buy smartphones: CMs' panel

New Delhi, Jan 25 (PTI) A Rs 1,000 subsidy for purchase of smartphones by non-tax assesses and small merchants and a cash transaction tax on withdrawals of Rs 50,000 and above in banks have been recommended by a Chief Ministers’ panel today to encourage digital payments.

The…

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Railway Minister inaugurates rail line in Tripura

Agartala, Jan 24 :  Asserting that the northeast is a priority area for the central government which proposed to make the region a most developed area, Railway Minister Suresh Prabhu on Tuesday inaugurated a new rail line beyond Agartala up to Udaipur.

Prabhu inaugurated the Agartala-Udaipur 44.76-km rail…

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