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PNB Housing Finance shelves share sale plan citing legal delays

has shelved its proposed Rs 4000 crore preferential issue to private equity giant Carlyle Group and co investors including former HDFC Bank CEO Aditya Puri, General Atlantic and Ares SSG citing "protracted" legal delays in getting regulatory approvals which has made the timeline for the completion of the

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GitLab jumps 22% in its Nasdaq debut after code-sharing company priced IPO above expected range

GitLab shares jumped 22% in their first day of trading on Thursday after the provider of software for developer collaboration sold shares well above its expected range in its IPO.Trading on the Nasdaq under ticker symbol "GTLB," GitLab priced its stock at $77 late Wednesday, valuing the company at

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More than a third of jobless Americans are still long-term unemployed — and without benefits

People receive information as they attend a job fair at SoFi Stadium on Sept. 9, 2021, in Inglewood, California.PATRICK T. FALLON | AFP | Getty ImagesMore than a third of jobless Americans are still long-term unemployed, and federal benefits for these workers ended more than a month ago.  However,

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UCO Bank CEO Atul Kumar Goel appointed chairman of Indian Banks’ Association

CEO Atul Kumar Goel has been appointed as chairman of the Indian Banks' Association (IBA) for 2021-22 succeeding CEO Rajkiran Rai. Last month Goel was shortlisted by the Banks Board Bureau (BBB) to take over as (PNB) CEO from January 2022. In the managing committee meeting on Thursday,

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RBI withdraws restrictions on Hindu Cooperative Bank, Pathankot

The RBI on Thursday withdrew all restrictions imposed on Hindu Cooperative Bank Limited, Pathankot. The Reserve Bank had issued directions stipulating certain restrictions on the bank in March 2019. The directions were modified from time to time and were last extended up to October 24, 2021. "The Reserve Bank of India

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Why Chamath Palihapitiya is welcoming the SPAC market correction

Chamath Palihapitiya, Social Capital Founder and CEOCNBCSocial Capital founder and CEO Chamath Palihapitiya became synonymous with SPACs amid the swath of blank-check deals on Wall Street over the last few years.In 2020 alone, SPACs, or special purpose acquisition companies, raised more than $83 billion, up from $13 billion in

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