Up to Rs10,000cr fundraising plan approved by Yes Bank's board
Mon, Jan 25, 2021 12:40 PM

Up to Rs10,000cr fundraising plan approved by Yes Bank's board

A Flip by Flipitnews
Get it on Google Play
Yes Bank's board has approved a fundraising plan to the tune of Rs10,000cr in one or more tranches. The board decided it while announcing (Q3FY21) result. The private lender now seeks shareholders’ approval (by way of a special resolution) about the raising of funds through a postal ballot. In its Q3FY21, Yes Bank recorded a net profit of Rs151cr compared to net losses of Rs18,560cr a year ago.

More great flips

Focus needs to be on investment-led inclusive growth: CII President

Focus needs to be on investment-led inclusive growth: CII President

CII President Sanjiv Puri emphasized the need for investment-led inclusive growth, citing India's 8.2% growth in FY24 despite global challenges. He highlighted the importance of increasing private sector investment, which has risen to 23.8% of GDP, surpassing pre-Covid levels. Puri also stressed the need for India to integrate deeper into global value chains, leveraging the China+1 strategy.

Open Flip
Income tax relief for those in lowest slab: CII

Income tax relief for those in lowest slab: CII

The CII suggests considering income tax relief for low-income earners in the upcoming 2024-25 budget, citing high inflation. The industry body also recommends simplifying tax structures, rationalizing capital gains, and reducing customs rates. CII estimates inflation to be around 4.5% this year, and expects the RBI to cut interest rates in the second half of the financial year.

Open Flip
Nvidia's 10-for-1 Stock Split Is Over. Here's What's Next for the Stock.

Nvidia's 10-for-1 Stock Split Is Over. Here's What's Next for the Stock.

Nvidia's stock has surged nearly 800% in the past year, driven by its leading position in artificial intelligence (AI) and graphics processing units (GPUs). The company's data center segment, which includes AI processors, grew 217% to $47.5 billion in fiscal 2024. With a market cap of over $1 trillion, Nvidia's stock split has added nearly $1 trillion to its value.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon