Lodha Group to Buy Back $65-m Bond

Mumbai, Jan 22 (PTI) The Lodha Group has announced a USD 65-million buyback of bonds issued by one of its subsidiaries due in 2020 to help reduce debt.

The buyback will be a fifth of the overall outstanding of the 2020 bonds issued by the Mauritius-based Lodha Developers International an official statement said Tuesday.

The company has entered into arrangements with JP Morgan Securities to commence the bond buy-back programme for repurchasing on its behalf, it said. *************** Now Quora available in Marathi, Hindi, Bengali

America-based question and answer startup Quora has launched its services in seven new languages, including Marathi, Tamil and Bengali.

The website already has services in Hindi, while the other newly launched languages include the Danish, Norwegian, Dutch, Finnish and Swedish languages, an official statement said Tuesday. **************** IIFL bond sale over-subscribed on day one

Non-bank lender IIFL has said its Rs 250-crore retail bond issue has been over-subscribed by 1.92 times on its opening day.

The company, which can retain over-subscriptions of up to Rs 1,750 crore, said it has received bids worth Rs 480 crore, an official statement said Tuesday.

The issue, in which retail investors are offered a yield of 10.50 per cent is open till February 20. ************** Yes Bank to take in Maha ration shop owners as BCs

Private sector Yes Bank has tied up with Maharashtra to on-board fair price shops as business correspondents. The bank will on-board 40 percent of all fair price shops across 12 districts like Palghar, Thane, Pune, Kolhapur and Latur, which will benefit over 20,000 ration shop owners and 70 lakh citizens, an official statement said Tuesday. ***************** Rupay card is title sponsor for Pro Volleyball League

The Rupay card, the indigenous rival to Mastercard and Visa, will be title sponsor for the Pro Volleyball League. The league will have six franchises from six different cities, an official statement said Tuesday. ************ Viacom18 ties up with Bill&Melinda Gates Foundation, BBC arm

Media firm Viacom18 has partnered with philanthropic organization the Bill & Melinda Gates Foundation, and development communications specialists BBC Media Action to create a Hindi general entertainment fiction series with an underlying behavior change message on sanitation.

The 13 weeks series 'Navrangi Re' will be aired on weekends on Viacom 18's Hindi channel Rishtey, starting February 2, the broadcaster said Tuesday.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)