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UBI to raise Rs1,000-cr via QIP

20h freepressjournal.in
Kolkata : State-owned lender United Bank of India (UBI) on Wednesday said it has received market regulator SEBI’s approval for the issue of equity shares worth Rs 1,000 crore by way of an institutional placement. The lender would seek approval for this amount from its board, which is scheduled to meet on December 6.  At the same meeting, the bank also proposes to get the board’s nod for the issue of five crore equity shares in the form of ESOPs/ESPs in one or more tranches, reports PTI.

Market Live: Sensex, Nifty trade flat after opening higher; Bharti twins gain

21h moneycontrol
10:15 am Market Outlook: Rajesh Palviya, Head – Technical & Derivatives Analyst of Axis Securities said, "Given the sharp rise in October 2017, we expect the market to consolidate in the next two months. Important events lined up are state elections and their outcome which is expected to be major event infusing volatility in the market," (2-0)

UBI gets SEBI approval for Rs 1,000-cr equity issue via QIP

2017-11-22 moneycontrol
State-owned lender United Bank of India on Wednesday said it has received market regulator SEBI's approval for issue of equity shares worth Rs 1,000 crore by way of institutional placement.

United Bank of India - Issue of Securities

2017-11-22 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information. (15-0)

News Live: BJP releases 1st list of 70 candidates for Gujarat Assembly polls

2017-11-17 moneycontrol
Ace investor, Rakesh Jhunjhunwala, Partner, Rare Enterprises said the ratings upgrade by Moody’s earlier on Friday did not come as a surprise for him but, it could be for those who were criticising efforts made by the Modi government to revive the economy. “I see the economy growing by 7.5-8% by next year. Most importantly, it is a recognition of the fact that however disruptive in the short term the measures were, all the actions which the government took were correct, bold and required,” he said. (12-0)

News Live: It is encouraging to see international recognition on reforms, Jaitley on Moody’s upgrade

2017-11-17 moneycontrol
Ace investor, Rakesh Jhunjhunwala, Partner, Rare Enterprises said the ratings upgrade by Moody’s earlier on Friday did not come as a surprise for him but, it could be for those who were criticising efforts made by the Modi government to revive the economy. “I see the economy growing by 7.5-8% by next year. Most importantly, it is a recognition of the fact that however disruptive in the short term the measures were, all the actions which the government took were correct, bold and required,” he said. (12-0)

News Live: United Spirits seeks to recover Rs 1.8k cr from United Breweries, says report

2017-11-17 moneycontrol
In an arbitration case fought between Diageo owned United Spirits (USL) and United Breweries Holdings (UBHL), the former had claimed a recovery of around Rs 1,800 crore including interest from Vijay Mallya’s holding company after it defaulted between 2010 and 2013, sources told The Economic Times. The ongoing arbitration in Bengaluru, which was to be concluded in few months, has now been extended by six months. (14-0)

News Live: Sebi to investigate possible leak of company earnings

2017-11-17 moneycontrol
The Securities and Exchange Board of India (Sebi) will investigate possible leaks of company earnings in social media chatrooms, its chief Ajay Tyagi said on Friday. A Reuters investigation documented at least 12 cases of prescient messages about major Indian companies being posted in private WhatsApp groups. “We will certainly investigate the issue. It is a work in progress,” Tyagi, Chairman of Sebi, said when asked what action the regulator was considering. (12-0)

News Live: RBI likely to list 50 more bad loan accounts

2017-11-17 moneycontrol
The Reserve Bank of India (RBI) may come out with a list of 50 more bad loan accounts, including the accounts which are close to being termed as stressed accounts, reports the Economic Times. The central bank is likely to set March 31, next year, as the deadline for the banks to resolve the issue or go ahead with bankruptcy proceedings against the borrowers, a finance ministry official said. The new list will be clubbed with the earlier identified bad loan accounts, including the ones where bankruptcy procedures are in the process. (12-0)

News Live: Coal India may increase prices to meet rise in wage costs, says report

2017-11-17 moneycontrol
Coal India is considering raising prices to meet the cost of the 20% wage hike, reports The Economic Times. It last raised prices by 10% in May last year. “Unless coal prices are hiked it would be very difficult to attain a decent profit this fiscal,” a senior company executive said. He said the wage bill puts an additional burden Rs 5,800 crore annually, and another Rs 9,500 crore needs to be spent on expansion. (12-0)

United Bank of India - Others

2017-11-15 nseindia

Banking curbs stagnating trade with Myanmar: businesses

2017-11-14 thehindubusinessline
Though the US has withdrawn sanctions on Myanmar and top US banks are reportedly preparing grounds to open accounts with local banks to ensure inter-bank settlement of dollar transactions, the RBI is yet to treat Myanmar on a par with other members of the Asian Clearing Union (1-0)

Market Live: Sensex tests 33,000 in opening, Nifty trades flat; Bharti Infra dips

2017-11-14 moneycontrol
9:55 am Bids for Jaypee Infratech: Metals and mining giant Vedanta has submitted a preliminary expression of interest (EoI) for Jaypee Infratech currently undergoing the Insolvency Resolution Proceedings (IRP). (17-0)