To speed up and maintain accuracy in online loan processing and sanctioning of credit proposals, Punjab National Bank introduced 'LenS' which is a tech-based loan management solution. PNB said in a statement, "After the merger, it was paramount to have a stringent loan management solution, which can be used for activities related to lead capturing, loan appraisal, sanction, and documentation".

NCC share price gained during intraday trade on December 2 after the company bagged four orders worth Rs 3,905 crore in November. The company got a Rs 848-crore order from the water division and the remaining three from the building division. These orders were from Central and state government agencies and didn't include internal orders, the company said in an exchange filing.

Shares of Phoenix Mills gained as much as 13% on Wednesday after the company, along with its subsidiaries, signed a non-binding term-sheet with an affiliate of GIC to create strategic retail-led mixed use platform. At 12:20 pm, Phoenix Mills' stock was at ₹762.50, up 10.58% from its previous close, while the benchmark index, Sensex lost 0.32% to 44,513.71.

Domestic brokerage firm ICICI Securities says the dividend per share (DPS) for most of the stocks of central public sector enterprises (CPSE) are expected to rise over FY20-23 due to rising earnings per share and free cash flow from operations. Some of the stocks in the list included Power Grid, NHPC, Oil India, NMDC, BEL, ONGC, Coal India and NTPC.

Jet Airways, which was grounded in April 2019, might resume operations as a full-service airline in the summer of 2021. The airline will connect European and West Asian cities with Delhi, Mumbai, and Bengaluru, Business Standard reported. The Kalrock Capital-Murari Lal Jalan consortium, the new owners of Jet Airways, will keep the company listed on stock exchanges, the report said.

The Tata Group is in advanced talks to buy as much as 80% of BigBasket in a deal that is likely to value the local online grocer backed by Alibaba Group Holding Ltd. at about $1.6 billion, a person familiar with the matter said. The conglomerate is now negotiating how much stake it would purchase in Innovative Retail Concepts Pvt., which is commonly known as BigBasket.com, the person said.

SpiceJet is gearing up to give logistical support to help people get vaccinated as pharma companies are speeding up the manufacturing of vaccines. The temperature sensitivity to maintain efficacy of the vaccine calls for reliable, fast and secure logistics partners. SpiceXpress, the dedicated cargo arm of SpiceJet, has come forth to take up the responsibility through a specialised service.

Quick-service restaurant chain Burger King India has raised Rs 364.5 crore from 55 anchor investors on December 1, ahead of its public issue opening. "The IPO Committee and the promoter selling shareholder in consultation with merchant bankers have finalised allocation of 6,07,50,000 equity shares to anchor investors," the company said in its filing to exchanges.

Libra Association, a cryptocurrency project started by Facebook Inc. that drew regulatory blowback worldwide, is hoping a new name offers a fresh chance to win over regulators and gain a foothold in the emerging market. The group will now be known as Diem Association, named for the word “day" in Latin, with its subsidiary Diem Networks serving as the payment system operator.

The IPO of Burger King is set to open for subscription on Wednesday & analysts find the issue attractive. Burger King is offered at 2.9 times FY20 enterprise value/sales in comparison to 8.4 times for Jubilant Foodworks & 4.4 times for Westlife Development Ltd. what works in favour of Burger King India is its competitive advantages which make it well placed to capitalize on emerging opportunity.

Walmart-owned e-commerce major Flipkart India Pvt. Ltd narrowed its net losses in the fiscal year ended 31 March 2020 while revenues grew. The business-to-business (B2B) wholesale arm of Flipkart posted a net loss of ₹3,150 crore in 2019-20, compared with ₹3,835 crore in the previous year, according to regulatory filings accessed through market intelligence platform Tofler.

Airbnb Inc said on Tuesday it is looking to sell up to $2.6 billion in stock in its planned initial public offering, which could value the home rental firm at as much as $34.8 billion in the last blockbuster U.S. IPO of the year. The company set a target price range to sell 51.9 million shares at between $44 and $50 apiece, it said in a regulatory filing.

Nirav Modi, wanted in connection with the estimated USD 2-billion Punjab National Bank (PNB) scam case, was further remanded in custody on December 1 by a court in London hearing India's extradition request for the diamond merchant. The 49-year-old appeared on December 1 via videolink from Wandsworth Prison in south-west London, dressed in a maroon sweater and sporting a full beard.

Yes Bank aims to disburse retail and small business loans worth Rs 10,000 crore in the current quarter of the financial year and plans to expand the portfolio to over 60 per cent of its loan book by 2023, a top official said on Tuesday. "By 2023, we aim to double the retail and MSME assets as well as liability book. Following the road map to become a truly digital retail bank..", Yes Bank said.

Bitcoin’s recovery from a rout last week is stoking speculation that the cryptocurrency can breach $20,000 for the first time. The most-traded digital asset rose as high as $19,907 on Monday, rebounding from its Thanksgiving Day plunge to set successive record highs this week. The surge buoyed other cryptocurrencies, including Ether and Litecoin.