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The net proceeds from the fresh issue will be utilised for pre-payment or scheduled repayment of a portion of the existing borrowing availed by the company, funding capital expenditure requirements towards purchase of machinery, infrastructure repairs and renovation of its existing production facilities including office premises in India and general corporate purposes.",Manoranjan Mishra, a chief general manager at the department of non-banking regulation at RBI, said there is a growing interest in the asset reconstruction companies (ARCs) and the central bank has received several applications for setting up new ARCs. “For ARCs, sponsors have to be ‘fit and proper’. The criterion for fit and proper is something that we are working on and we’ll come out with some regulations around it. It will be more formalization of what we already have,” Mishra said at an NBCF meet organized by industry lobby IMC.",He also took on the BJP over its accusations that he was now appeasing Muslims and said that the BJP had nothing to show on the workfront in the last decade. He also stated that he was unlikely to welcome back those who had sided with Eknath Shinde.",By placing Stolpersteine (“stumble stones”) outside the victims’ last known address, 75-year-old Gunter Demnig aims to draw attention to the fate of individuals in the Holocaust.",This vacation season, Europe seems to be on everyone’s bucket list. From Arjun Kapoor and Malaika Arora, to the Pataudi and Kapoor families, B-town seems to be liking Europe and its many picturesque locations. The latest celebrity to join the list is Karishma Tanna and her husband Varun Bangera.",On Wednesday, the rupee for the first time settled below the 80-level against the US currency due to strong dollar demand from importers and fiscal slippage concerns.",stands out with its attractive loyalty program, rewarding regular players with bonus points, gifts and many special offers.⚡,As a leading betting address in Asia, serves a large number of players with many attractive types of betting.⚡,Celebrated filmmaker Steven Spielberg is developing a new movie based on Frank Bullitt, the iconic character played by Steve McQueen in the 1968 thriller Bullitt. According to Deadline, Spielberg will be directing the film and will also produce along with Kristie Macosko Krieger.",As soon as the look was revealed, fans heaped praise on the actor. “Maddddddd ❤ Love how well you fit into any role. So versatile,” wrote a Twitter user, while another user mentioned that the look is everything “unexpected”.",Nuovo has unveiled its touch screen ‘Smart Mirror’ that shows notifications from social media sites, news updates, allows users to book a cab and more. The ‘Smart Mirror’ works using Wi-Fi connectivity, along with Android app. It shows users notifications from Facebook and Twitter as well as latest news from the leading publications. Users can access YouTube videos, and book cab through Uber using ‘Smart Mirror’.",a bookmaker with a history, continues to attract players thanks to its reputation and quality, proving its constant appeal.⚡.