Tag: Capital

Toshiba stocks plummet after capital increase announcement

Japanese electronics giant Toshiba’s stocks plummeted on Monday during the first half of the trading session following the company’s announcement of a multi-billion dollar capital increase to seek liquidity at a time of financial difficulties. Toshiba’s shares lost almost 5 per cent in early trading as investors reacted to the company’s announcement on Sunday that …

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November 20, 2017

Rajiv Sabharwal to become Tata Capital’s new CEO and MD

Financial services provider Tata Capital on Thursday announced the appointment of banking industry veteran Rajiv Sabharwal as its CEO and Managing Director-designate. According to the company, Sabharwal will join Tata Capital from January 2018 and would take over from the firm’s current Managing Director and CEO Praveen P Kadle. Subsequently, Kadle will assume other responsibilities …

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September 28, 2017

‘Access to low-cost capital key to better business environment’

Enhancing access to low-cost capital to businesses could serve as an important vehicle for improving the business environment, especially in poor states like Bihar, the NITI Aayog has recommended. In its report on “Ease of Doing Business”, the premier policy think-tank says that half the enterprises do not borrow from financial institutions and about a …

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August 29, 2017