Saturday, September 19
The Bombay High Court on Monday acquitted all 12 accused in the 2006 train blast case, declaring them innocent. Th Special bench of Justices Anil Kilor and Shyam Chandak overturned the lower court's order saying that the prosecution utterly failed to prove case against them. Five months ago the HC had reserved the matter for judgment.On July 11, 2006, A series of bombs ripped through seven western suburban coaches of a train, killing 189 commuters and injuring 824. The trial court had in 2015 sentenced five to death and seven to life imprisonment.The convicts Kamal Ansari from Bihar, Mohammad Faisal Ataur Rahman Shaikh from Mumbai, Ehtesham Qutubuddin Siddiqui from Thane, Naveed Hussain Khan from Secunderabad and Asif Khan from Jalgaon in Maharashtra were found guilty of planting the bombs
Life Insurance Corporation of India (LIC) has increased its stake in State Bank of India (SBI) from 9.21% to 9.49% by participating in the bank’s recently completed qualified institutional placement (QIP). LIC acquired over 6.1 crore shares at Rs 817 each, amounting to a total investment of ₹5,000 crore.SBI on Monday allotted over 30.59 crore equity shares to institutional investors at an issue price of Rs 817 apiece, the largest Indian lender informed exchanges via a company filing.Shares of LIC today ended at Rs 928.95 on the NSE, gaining by Rs 5.80 or 0.63% over the Friday closing price while those of SBI ended with minor gains of 0.15% at Rs 824.60.SBI's record Rs 25,000-crore institutional share sale was bid more than four times the stock on offer, with marquee names such as the $
State Bank of India (SBI) on Monday said it has raised Rs 25,000 crore through Qualified Institutional Placement (QIP) to fund business growth. The committee of directors at its meeting held on Monday approved the closure of the issue pursuant to the receipt of application forms and the funds in the escrow account from the eligible Qualified Institutional Buyers (QIBs) in accordance with the terms of the issue, SBI said in a regulatory filing. The meeting also approved the allocation of 30,59,97,552 equity shares at an issue price of Rs 817 per share of face value of Re 1 each, including a premium of Rs 816 apiece, it said. The panel also finalised the allocation note to be sent to the eligible QIBs, intimating them of allocation of equity shares pursuant to the issue. In a separate filing
