BoB’s Mallya to take over as IBA chairman
Bank of Baroda (BoB) chair man and managing director M.D. Mallya will take over as chairman of the Indian Banks' Association (IBA) from 1 April.
He will succeed O.P. Bhatt, who will be superannuating as chairman of State Bank of India
DoCoMo to buy into Tata Tele’s issue
Tata Teleservices Ltd plans to raise 3,000 crore through a rights share issue that will be subscribed by major shareholders, including Japan's NTT DoCoMo Inc, two officials said. The details of the rights issue are expected to be announced as soon as this week, the officials with direct know edge of the matter said on Tuesday.
DoCoMo already owns 26% of the Indian company and is set to maintain its holding after the issuance, they said, adding that proceeds from the issuance will be used to fund Tata Teleservices' 3G rollout.