The country's largest private sector lender ICICI Bank has hit the international bond market with a $500-million (Rs 3,346.25 crore) issue. The bond sale is part of the bank's $7.5-billion (nearly Rs 50,193.75 crore) global medium-term note programme and is the first from a private sector domestic financial institution this year.

"ICICI Bank is in the overseas debt market with a planned $500 million (nearly Rs 3,346.25 crore) bond sale which will have a 10-year maturity. The bank has given a pricing guidance of 230 basis points above the US treasury," industry sources told PTI on Monday.

A survey of corporate India by the Confederation of Indian Industry (CII) says the metals and mining, automobile and construction materials sectors lead in sustainable business practices.

The Sustainable Plus survey, revealed on Monday, looks at the 100 largest companies by market capitalisation across 20 sectors in the country. It is aimed at checking the environment, social and governance dimensions of business and measures the progress of Indian companies in adopting sustainable business practices.

Food Safety and Standards Authority of India (FSSAI) yesterday launched ‘Clean Street Food’ project to raise the safety standards of foods sold on streets across New Delhi by training 20,000 roadside vendors on aspects of health and hygiene, in the first phase. As part of project Clean Street Food, FSSAI will partner with the Ministry of Skill Development & Entrepreneurship to train street food vendors at more than 40 centres across Delhi under the Recognition of Prior Learning (RPL) category of the Government’s flagship skills training scheme- Pradhan Mantri Kaushal Vikas Yojana (PMKVY).

Global software major Wipro on Monday announced winning a multi-year contract to develop a new IT platform for Danish energy firm NRGi's operations.

"We have won a multi-year engagement with NRGi, one of the top five utility providers in Denmark, to transform its customer relations management (CRM), billing and service bureau operations," the company said in a statement here.

MUMBAI: Top public sector lender State Bank of India on Monday released arrears worth Rs 1,465 crore to 7.75 lakh defence pensioners under One Rank One Pension (OROP) scheme, as per the government rules.

The government had in November last year formally notified the OROP scheme for the more than 24 lakh defence ex-servicemen and 6 lakh war widows in the country.

New Delhi, March 13: State-owned power equipment maker Bhel has emerged as the lowest bidder for a thermal power project in Bangladesh. The $1.6-billion project will give a boost to India's energy diplomacy.

The proposed plant at Khulna will run on imported coal with capacity of 1,320 megawatt (MW), with two units to be built each of 660MW.

Mumbai, March 13: Yes Bank expects its balance sheet size to grow over three-fold by 2020, helped by a strong retail franchise and a bigger number of clients from the small and medium sector.

The country's fifth-largest private lender started operations in 2004.

Mumbai: Kotak Mahindra Group has tied up with Canadian Pension Plan Investment Board (CPPIB) to launch a $525 million fund to invest in the stressed asset market in India.

The Canadian pension fund manager will have the option to invest up to $450 million in this partnership, Kotak Mahindra Group said in a statement on Monday.

When the turnaround plan (TAP) of the national carrier Air India was approved by the Union government in 2012, monetisation of its assets was a part of it. Four years later, the airline has managed to monetise a significant number of its assets owned in India and abroad.

According to a senior official of Air India, the national carrier earns revenue worth `85-100 crore from the Air India building situated at Nariman Point, Mumbai. As of now, four floors of the building have been given on rent to SBI and service tax department, seven floors to the income tax department and one floor to Tata Consultancy Services.

In a major clampdown, regulator Sebi has debarred over 1,000 entities from the capital markets after they were found to be misusing stock exchange platforms for tax evasion to the tune of more than Rs 15,000 crore.

Sebi has also suspended trading in shares of as many as 167 companies while the regulator has written to the Income Tax Department in nearly 100 cases where more than 1,800 entities are suspected to have traded in shares valued beyond their disclosed income.

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