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Cabinet approves sale of 24% equity holding in Lubrizol India Private Limited by Indian Oil to Lubrizol Corporation, USA
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister ShriNarendra Modi todaygave its in-principle approval topermit Indian Oil Corporation Limited (Indian Oil) to sell its 24% equity in one of its Joint Venture Companies, M/s. Lubrizol India Private Limited (LIPL) to Lubrizol Corporation, USA (LC), the other Joint Venture Partner. The sale will […]
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Posted: Wed 15th of March, 2017Cabinet approves of MoU between India and Bangladesh on Aids to Navigation (AtoNs)
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved signing of a Memorandum of Understanding (MoU) on Aids to Navigation (AtoNs) between the Directorate General of Lighthouses & Lightships (DGLL), Ministry of Shipping, Government of India and the Department of Shipping, Government of Bangladesh. The MoU envisages cooperation between Bangladesh and […]
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Posted: Wed 15th of March, 2017Cabinet apprised of MoUs for cooperation in Youth and Sports Matters with Indonesia and the Kyrgyz Republic
Union Cabinet chaired by the Prime Minister Shri Narendra Modi has been apprised of the Memoranda of Understanding (MoUs) signed between India and: (i) Indonesia for cooperation in youth and sports matters, and (ii) Kyrgyz Republic for cooperation in the field of youth development. The MoUs envisage organizing Youth Exchange Programmes with Indonesia and Kyrgyz […]
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Posted: Wed 15th of March, 2017IndusInd Bank to acquire IL&FS Securities Services
IndusInd Bank has entered into an agreement with Infrastructure Leasing and Financial Services Ltd (IL& FS) to acquire 100% stake in IL& FS Securities Services Ltd (ISSL). The private sector bank, however, did not disclose the cost of acquisition or the price at which ISSL shares were acquired. ISSL, which was incorporated in 2007 as […]
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Posted: Wed 15th of March, 2017BoB approves bond issue
The Capital Raising Committee of Bank of Baroda’s board approved raising of funds through issuance of Basel III compliant Additional Tier-I bonds (perpetual debt instrument) amounting to Rs 500 crore with green shoe option of Rs 500 crore. In a stock exchange notification, the bank stated the issuance will be on private placement basis depending […]
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Posted: Wed 15th of March, 2017
