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Reliance Power and its subsidiary to raise long-term resources up to Rs 1200 cr from Varde Partners
Reliance Power and its subsidiary to raise long-term resources up to Rs 1200 cr from Varde Partners

New Delhi,  Reliance Power Limited (RPL) and its subsidiary entered into an indicative Memorandum of Understanding (MoU) with Varde Partners for availing debt of up to Rs 1,200 crore (US$ 150 million) for settlement and discharge and/or acquisition and restructuring of certain financial debt availed by RPL.

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Economy/Business
Indiabulls Housing Finance to raise up to Rs 1,000 cr via public issue of bonds
Indiabulls Housing Finance to raise up to Rs 1,000 cr via public issue of bonds

Mumbai,  Indiabulls Housing Finance Ltd plans to raise up to Rs 1,000 crore, which includes Rs 900 crore through issue of public issue bonds.

The Tranche II Issue offers various series of NCDs for subscription with coupon rates ranging from 8.33 per cent to 9.55 per cent per annum.

The Iss

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Economy/Business
Railways records best ever August monthly freight loading of 119.32 MT in August'22
Railways records best ever August monthly freight loading of 119.32 MT in August'22

New Delhi,  Indian Railways on Monday claimed to have recorded the best ever August Monthly freight loading of 119.32 MT in the month.

The incremental loading in the month of August has been 8.69 MT and witnessed a growth of 7.86 per cent over the previous best August figures achieved in 2021, the Railwa

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Economy/Business
Euro hits 20-yr low as Russian pipe shutdown rocks markets
Euro hits 20-yr low as Russian pipe shutdown rocks markets

London,  Financial markets are being rocked by the shutdown of Russias Nord Stream 1 pipeline, as the energy squeeze on European economies intensifies as winter approaches.

The euro fell to a two-decade low during early trading on Monday morning, after Russian energy major Gazprom extended the shutdown o

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Economy/Business
SBI to raise up to Rs 7,000 cr via Basel-III AT1 bonds
SBI to raise up to Rs 7,000 cr via Basel-III AT1 bonds

Mumbai,  State Bank of India (SBI) plans to raise up to Rs 7,000 crore, which includes Rs 5,000 crore in greenshoe through Basel-III Additional Tier-I bonds, market participants said.

Bidding for the bonds will take place on Wednesday between 11 a.m. and 12 p.m.

Non convertible Taxable Per

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Economy/Business
Smriti Irani launches CAIT Knowledge Mission on Teachers' Day
Smriti Irani launches CAIT Knowledge Mission on Teachers' Day

New Delhi,  Union Minister Smriti Irani launched the national campaign of Knowledge Mission of Confederation of All India Traders (CAIT) here on Monday.

"In the rapidly changing business scenario of the country and at the global level, there is a great need for the traders across the country to mode

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Regional North
Jharkhand CM Hemant Soren wins trust vote, BJP stages walkout
Jharkhand CM Hemant Soren wins trust vote, BJP stages walkout

Ranchi, Jharkhand Chief Minister Hemant Soren on Monday won the trust vote amid a threat of disqualification in an office of profit case.

Soren got 48 votes, while the BJP walked out during the House proceedings.

Earlier in the day, Chief Minister Hemant Soren tabled a confidence motion in the

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Regional North
Punjab to implement UGC pay scale for college, university teachers
Punjab to implement UGC pay scale for college, university teachers

Chandigarh,   In a Teacher's Day gift to college teaching faculty, Punjab Chief Minister Bhagwant Mann on Monday announced to implement University Grant Commission's (UGC) pay scale as per seventh pay commission to the teachers of colleges and universities.

The Chief Minister said this was a

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Kerala
Kerala police flayed over sending soon-to-retire top cop abroad to study jail reforms
Kerala police flayed over sending soon-to-retire top cop abroad to study jail reforms

Thiruvananthapuram,  The Kerala police has come under criticism over its decision to send Jail-Director General of police Sudhesh Kumar, who is to superannuate on October 30, to Canada and the US to study jail management.

Sudhesh Kumar's two-week trip is slated from September 3 to 14 and he is curren

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Delhi Dossier
Congress' 'Bharat Jodo Yatra' under national flag
Congress' 'Bharat Jodo Yatra' under national flag

New Delhi, Congress' 'Bharat Jodo Yatra' starting from September 7 will be under the national flag and three chief ministers -- Tamil Nadu's M.K. Stalin, Chhattisgarh's Bhupesh Baghel and Rajasthan's Ashok Gehlot -- will hand over the national flag to Rahul Gandhi on Wednesday.

The purpose

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