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Business Economy

Indian Bank board approves Allahabad Bank merger

Chennai, Sep 18 (UNI) The Board meeting of the public sector
on Wednesday gave its in principle approval for the merger of
Allahabad Bank with it.
The Board meeting was held in New Delhi today, a bank release
here said.
''The board meeting of Indian Bank was convened today at New
Delhi, inter alia to discuss amalgamation of Allahabad Bank into
Indian Bank. The Board after deliberations conveyed its in principle
approval for the Amalgamation of Allahabad Bank with Indian Bank'',
it said.
The Board also took on record the proposed infusion of capital
by the Union Government up to Rs 5,000 crore in the bank and
issue of shares in favour of the government by way of Preferential
Post Amalgamation, the combined entity will have 6100-plus
branches across the country and overseas presence in three
The business after amalgamation will be over Rs eight lakh
crore contributed by a strong workforce of more than 40,000
The renowned Chennai based midsized bank, hitherto having a
strong presence in southern states and Maharashtra, expects
to spread its wings across central and eastern parts of India,
where Allahabad Bank has got a strong presence, the release
UNI GV 1910
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Jade Forest takes over bars, restaurants, homes and beverage industry

18 Oct 2019 | 8:58 AM

New Delhi, Oct 18 (UNI) Founded by experienced entrepreneurs from the F&B industry, Jade Forest has made a splash in the Indian market with its Premium Indian Tonic Water and Ginger Ale.

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Goa CM inaugurates Vibrant Goa Expo & Summit 2019

Goa CM inaugurates Vibrant Goa Expo & Summit 2019

17 Oct 2019 | 10:04 PM

Panaji, Oct 17 (UNI) Goa Chief Minister Pramod Sawant inaugurated the ‘Vibrant Goa Global Expo and Summit 2019’ at Dr Shyama Prasad Mukharjee Indoor Stadium, Taleigao, in the presence of more than 2500 national and international delegates on Thursday.

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Canon India launches Cinema Prime lens series

17 Oct 2019 | 8:44 PM

Mumbai, Oct 17 (UNI) Canon India, one of the leading players in the imaging space, on Thursday unveiled the Cinema Prime lens series, called ‘Sumire Prime’, in a leading industry platform, 'Broadcast India Show 2019', held at the Bombay Exhibition Centre, Goregaon in north Mumbai.

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Foreign investors’ trade proposals will be cleared within 30 days : CM

17 Oct 2019 | 8:13 PM

Panaji, Oct 17 (UNI) Goa Chief Minister Pramod Sawant on Thursday said that the business and trade proposals of foreign investors would be cleared in just 30 days in Goa.

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HCL Tech is one of Volvo Cars’ main suppliers for digital transformation and IT Services

17 Oct 2019 | 6:51 PM

Noida, Oct 17 (UNI) HCL Technologies (HCL), a leading global technology company, on Thursday announced it has been selected by Volvo Cars for an end-to-end IT services deal, including scope of its new digital transformation program.

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