Free Press Journal
  • RCom to sell DTH biz to Veecon Media

    As part of the deal, Veecon will retain nearly 500 employees of RBTV. The existing DTH licence of BIG TV shall be renewed with submission of bank guarantees to govt .

  • Bankers say note ban has been good for them

    Mumbai : A couple of days ahead of the first anniversary of demonetisation, bankers said on Monday that the move was good for them as it resulted in higher deposits and pushed digitisation at a faster pace. On November 8 last year, the Modi government demonetised Rs 500 and Rs 1,000 notes as part of its drive against black money, counterfeit notes and corruption. “For the banking sector, I would consider it

  • PNB to raise Rs 5K cr from share sale

     New Delhi : Punjab National Bank (PNB) on Monday said it has proposed to mop up Rs 5,000 crore from share sale in next few months and has appointed merchant bankers for it. “We have got board approval for QIP (Qualified Institutional Placement) to raise Rs 5,000 crore,” PNB MD and CEO Sunil Mehta said here. The bank has already appointed merchant bankers for share sale.