Latest news with #IndianRupees
The Star
4 days ago
- Business
- The Star
Welfare Trust set up for Air India crash victims
NEW DELHI, July 18 (Xinhua) -- Air India's parent company "Tata Group" on Friday announced setting up of a memorial and welfare trust worth 5 billion Indian Rupees (around 58 million U.S. dollars) for the benefit of the June 12 plane crash victims. The funds would be used in administering medical treatment of those who suffered serious injuries, and also rebuilding the B.J. Medical College Hostel's infrastructure which was damaged in the air crash. A total of 260 people were killed in the plane crash which took place in Ahmedabad city of the western state of Gujarat. The London-bound flight AI-171, a Boeing 787 Dreamliner, had crashed a few moments after taking off from the Ahmedabad airport. A preliminary probe revealed that the ill-fated aircraft's fuel-control switches were found moved from the "run" to the "cut-off" position. The final report was awaited. "The Trust will provide both immediate and continuing support to the dependents or next of kin of the deceased, to those injured, and to all others who are directly or collaterally affected by the accident," the Tata Group said in a statement. The Trust's philanthropic objects will also include ex-gratia payment of 10 million Indian Rupees (around 116,144 dollars) for each of the deceased's families, medical treatment of those who suffered serious injuries, and support for rebuilding the hostel infrastructure which was damaged in the accident.
Business Standard
4 days ago
- Business
- Business Standard
Udaipur Cement Works fixes record date for scheme of amalgamation
Record date is 25 August 2025 Udaipur Cement Works has fixed 25 August 2025 as record date for the purpose of determining the names of the eligible equity shareholders of the Company i.e. Udaipur Cement Works (Amalgamating company 1) to whom equity shares of Amalgamated company i.e. JK Lakshmi Cement will be issued and allotted pursuant to the Scheme, as under: for 100 equity shares of face and paid-up value of Rs 4 (Indian Rupees four) each held in the Amalgamating Company 1, 4 equity shares of face and paid-up value of Rs 5 (Indian Rupees five) each in the Amalgamated Company.
Business Upturn
6 days ago
- Business
- Business Upturn
SBI board approves Rs 20,000 crore fundraise via bonds in FY26
State Bank of India (SBI) has announced that its Central Board, in a meeting held on July 16, 2025, has approved a proposal to raise up to ₹20,000 crore during FY26. In a regulatory filing dated July 16, 2025, SBI stated that the fundraising will be done through the issuance of Basel III-compliant Additional Tier 1 (AT1) and Tier 2 bonds in Indian Rupees, targeted at domestic investors. In the exchange filings, hte company shared, 'We refer to our letter no.: CC/S&B/AND/2025-26/247 dated 10.07.2025 intimating about the meeting of the Central Board of the Bank, pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Central Board of the Bank in its meeting held today i.e. 16.07.2025, inter alia, accorded approval for raising funds in INR by issue of Basel III compliant Additional Tier 1 and Tier 2 Bonds, up to an amount of ₹ 20,000 Crores (Rupees Twenty Thousand Crores only) to domestic investors during FY26, subject to GOI approval wherever required.' The decision was taken during the Central Board meeting held earlier in the day, which started at 10:00 AM and concluded at 1:25 PM. In the meantime, SBI stock opened today at ₹816.00, touched an intraday high of ₹834.00, and dipped to a low of ₹815.30 during the session. SBI's 52-week high stands at ₹899.00, while the 52-week low is ₹680.00. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Time of India
11-07-2025
- Business
- Time of India
SBI Shares in focus as bank schedules July 16 board meeting to discuss fundraising plans
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of the State Bank of India SBI ) are likely to be in focus on Friday, as the bank has announced its upcoming board meeting, scheduled for next week, to consider fundraising plans . The country's largest lender has informed stock exchanges that a meeting of its Central Board is expected to be held on Wednesday, July a regulatory filing, SBI stated that the board will consider and seek approval for raising funds during the financial year 2025–26 (FY26) through the issuance of Basel III-compliant capital bonds denominated in Indian Rupees (INR).'In compliance with Regulation 29 (1), Regulation 50 (1) and other applicable provisions of the SEBI (LODR) Regulations, 2015, we inform that a meeting of the Central Board of State Bank of India is scheduled to be held on Wednesday, 16th July 2025, inter alia, to consider and seek approval for raising funds during FY26 by way of issuance of Basel III compliant capital bonds in INR,' the company to previous reports by ET, SBI is preparing to sell as much as Rs 25,000 crore ($2.9 billion) of shares to institutional investors as soon as next weekThis could be the nation's biggest deal of its fully subscribed, the qualified institutional placement (QIP) would become the largest ever in India, surpassing Coal India 's Rs 22,560 crore offering in 2015, according to Bloomberg data. The share sale was approved by the bank's board in Thursday, the shares of SBI closed flat at Rs 808 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
08-07-2025
- Business
- Mint
NPS Is for Everyone, Not Just Government Employees
In Episode 2 of 'NPS Made Simple', Subhasis Ghosh, CEO of Kotak Mahindra Pension Fund, dispels a long-standing myth: that the National Pension System is only for government employees or corporate professionals. In conversation with Mint, he explains why freelancers, gig workers, NRIs, and even those on career breaks should consider opening an NPS account. Absolutely. Priya needs it more than someone in a corporate job with EPF (Employee Provident Fund) benefits. Freelancers have to take ownership of their financial future, and NPS gives them a structured way to do that, starting at just ₹ 1,000 a year. That's where NPS offers real flexibility. You can invest any amount at any time. If you miss a year, you can reactivate your account later by contributing for the missed years. It's forgiving, yet encourages discipline. Yes. NRIs can open and contribute to NPS accounts. It's a great way for them to stay invested in Indian markets and build a pension corpus in INR (Indian Rupees), especially if there's a chance of returning to India later in life. Don't close your NPS account. Even if you move overseas, just keep your account active with the minimum contribution. You never know when life might bring you back to India. Can they continue investing? Certainly. I encourage them to continue contributing whatever they can during that period. Much like exercise, once you break the habit, it's harder to return. Even a small contribution keeps the account active—and the compounding engine running. Yes. Think of NPS as your balanced thaali. Equity investments are great, but with NPS, you get the benefit of long-term pension structuring, tax breaks, and professional fund management. It's not either/or—it's part of a healthy diversified portfolio. Takeaway: You don't need a corporate ID or a government badge to plan for retirement. As Ghosh says, 'NPS is inclusive. Freelancers, NRIs, women on sabbatical—everyone deserves retirement with dignity.' Discover why NPS might be the most inclusive retirement tool India has. Note to the Reader: This article has been produced on behalf of the brand by HT Brand Studio and does not have journalistic/editorial involvement of Hindustan Times or LiveMint. The content may be for information and awareness purposes and does not constitute any financial advice.
