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Tata Steel divests stake in indirect subsidiary Black Ginger

Advait Dharmadhikari / Article rating: 5.0

Steel behemoth Tata Steel has informed the bourses that it has completely divested its stake in indirect subsidiary Black Ginger 461 Pty Ltd (Black Ginger). TS Global Minerals Holding Pte Ltd, an indirect subsidiary of Tata Steel and IMR Asia Holding Pte Ltd had entered into a pact to divest its entire stake in Black Ginger. Black Ginger has a stake in an iron ore mine located in South Africa. 

Government set to receive Rs. 28,000 crore interim dividend from RBI

Advait Dharmadhikari / Article rating: 5.0

The government of India is all set to receive Rs. 28,000 crore as interim dividend from Reserve Bank of India (RBI) for the period July to December 2018.
The Reserve Bank of India which held its meeting on February 2018 made the decision after a limited audit review and applying the Economic Capital Framework

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