ICICI Bank set to raise $2 bn, Tata Group to bid for Air India? | Top News
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Here are top business news stories today: 1. TCS to report its Q1FY21 numbers. It should be no0ted that this is going to be an important quarter for TCS and more than numbers the attention would be in terms of the management commentary. Q1 will be seeing an impact of the lockdown and Coronavirus. 2. ICICI Bank board approves $2 billion fundraise which is approximately ₹15 CR. This fundraise will happen via an issue of securities which is equity. The various things that could be used are private placement, a preferential issue, QIP or and FPO like Yes Bank. 3. In the midst of the COVID-19 pandemic and all the uncertainties in aviation, the Tata group has been evaluating the stake in the government carrier Air India. Tata's joint venture partner Singapore Airlines, for now, has declined to join the bid which means Tata is doing the due diligence to emerge as a sole bidder. Watch the video to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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