Public sector lender Indian Overseas Bank has informed that its board has approved a plan to raise capital of Rs 1100 crore through Tier-I and Tier-II bonds.
The bank will raise Rs 300 crore through Tier I perpetual bonds, Rs 290 crore through lower Tier II bonds and Rs 510 crore by way of upper Tier II bonds.
Yesterday, Indian Overseas Bank has declared its quarterly results. The lender has registered a net profit of Rs 359.01 crore for the second quarter ended September 30, a growth of 12.29 per cent from that in the corresponding period year ago.
Bangkok - Thousands of pro-government protestors flocked to Bangkok Saturday from the provinces to attend a mass rally in the capital aimed at counter-balancing months of anti-government demonstrations led by the People's Alliance for Democracy (PAD).
Bus-loads of people hailing from various provinces headed for the Rajamangala National Stadium, creating traffic jams along Ramkhamhaeng road, to claim their places at the much-anticipated "Truth Today" demonstration the highlight of which promises to be a message from Thailand's fugitive former prime minister Thaksin Shinawatra.
Thaksin, currently in Hong Kong, was scheduled to deliver a message to the audience at 9:30 pm Saturday in a pre-recorded video, according to organizers of the event.
New Delhi Television Ltd (NDTV) has informed that the company has entered into agreement with U. K.-based ITV.
Under the arrangement, the NDTV would offer telecast rights of its general entertainment channel, Granada TV, across India and other South Asian countries.
In addition, NDTV would also offer Granada TV’s contemporary dramas, like Prime Suspect, The Jeremy Kyle Show, The Friday Night Project, Ballroom Bootcamp, Airline and Vroom Vroom. Initially, the channel would be broadcast in English, with local sub-titles to be available in launch markets.
Islamabad, Nov 1 : The Pakistan Muslim League-Quaid (PML-Q) leadership met former President Pervez Musharraf at his residence to learn about his plans following recent reports about his intention to enter the political arena, a source said.
Musharraf told Shujaat Hussain, Pervaiz Elahi and Wajahat Hussain that he currently had no intention to enter politics because he and his family did not think it was the right time for him to do that, the source said.
The government has decided to enact a legislation relating to the protection and utilization of Intellectual Property in the Public Funded Research and Development.
The bill titled ‘Protection and Utilisation of Public Funded Intellectual Property Bill 2008’, intends to allow public sector R&D organizations to commercialize their inventions and share their profits with the inventor.
The draft Bill, similar to the United States’ Bayh-Dole Act in the US, will encourage research in state-funded laboratories.
Public sector lender Indian Overseas Bank has informed that its board has approved a plan to raise capital of Rs 1100 crore through Tier-I and Tier-II bonds.
New Delhi Television Ltd (NDTV) has informed that the company has entered into agreement with U. K.-based ITV.
Islamabad, Nov 1 : The Pakistan Muslim League-Quaid (PML-Q) leadership met former President Pervez Musharraf at his residence to learn about his plans following recent reports about his intention to enter the political arena, a source said.
