Business & Finance

Thu, Dec 12, 2:14 PM In a significant real estate transaction, Rishabh Family Trust, with Rajivnayan Bajaj as one of its trustees, has acquired a land parcel in Pune’s upscale Koregaon Park locality for Rs. 72 crore, according to a report by Square Yards. Koregaon Park is renowned for its luxury bungalows, trendy cafes, boutique stores, and vibrant lifestyle, making it a sought-after destination for high-end real estate investments. Its central location, proximity to Pune’s airport, and robust connectivity further enhance its appeal. The purchase includes a 4,667.30-square-meter (approximately 1.15 acres) plot, along with a bungalow and an outhouse situated on the property, according to Square Yards. The built-up area amounts to 1,493.70 square meters (approximately 16,079.68 square fee...

 Mumbai, November 28, 2024: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced that it has raised Rs. 3,500 crore through the issuance of Basel III Compliant Tier II Capital Bonds. The Bank received a strong response from investors, which allowed it to price the issue at a very competitive coupon of 7.41% p.a. The Bank received a total of 120 bids amounting to Rs. 9,500 crore against the base issue size of Rs. 1,000 crore and a Greenshoe option to retain oversubscription up to Rs. 2,500 crore (total issue size of Rs. 3,500 crore). This translates to oversubscription of 9.5 times of the base issue size and ~2.7 times of the total issue size. The Bank accepted bids for Rs. 3,500 crore at a coupon of 7.41% p.a. The bonds are rated ‘AAA’ with a Stable outlook...

Bengaluru, November 19 (Karnataka News): Chief Minister Siddaramaiah said that the Bangalore Tech Summit 2024 program is a unique platform for innovation, technology advancement and global collaboration. Speaking at the inauguration of the 27th edition of the Bangalore Tech Summit organized by the Department of Electronics, Information Technology and Biotechnology and Software Technology Parks of India (STPI) Bangalore at the Palace Ground today, the Chief Minister said that it is a matter of great pride for me to represent the state of Karnataka, which is at the forefront of India's technological transformation. In the early 20th century, Bangalore grew into a center for aerospace and defense manufacturing. thereby giving impetus to industrial growth. In the early 2000s under the vis...

Bengaluru, 14 November 2024: Canara Bank hosted a successful two-day Retail Expo on November 13th and 14th, 2024, at Manyata Tech Park, Bengaluru, showcasing a wide variety of real estate projects and home loan offerings. The event was inaugurated by  Mahesh M Pai, the esteemed Bengaluru Circle Head and General Manager of Canara Bank, along with Mr. Shekhar H K, Senior Vice President of Shriram Properties, and Mr. Rohit Mehta, Director of Svamitva Group. A total of 42 prominent builders and 12 car dealerships participated, exhibiting their latest property developments and automotive offerings. This unique event gave customers the chance to explore a range of residential projects and connect with leading developers—all in one place. The event was further enriched by the presence of Canara ...