Columbia College Chicago plans to cut 11 undergraduate and graduate programs and eliminate up to 25 faculty positions next academic year amid ongoing budget trouble and declining enrollment.
The board will consider whether to raise the minimum application size for the public offerings of small and medium(SMEs) to 2 lakh or even higher at 4 lakh from the existing 1 lakh. The proposed tightening of rules comes in the wake of instances of diversion of issue proceeds to shell companies controlled by promoters and inflation of revenue by circular transactions through related parties.
As the holiday shipping rush hits the home stretch, hundreds of workers at an Amazon delivery station in Skokie have voted to authorize a strike in an effort to reach their first union labor contract with the online retailing giant.
Individual lenders have approached the central bank to ease the proposed LCR guidelines that require them to mandatorily invest a sum equal to their 30-day outflows in high quality liquid assets (HQLAs), like government securities, to avoid a collapse like the Silicon Valley Bank.
Shares of Life Insurance Corp slumped 11%, SBI Life sank 23%, HDFC Life fell 10.4% and ICICI Prudential Life shed 9.5% in the past three months as against the 3% decline in the Nifty and the 2.6% drop in the Nifty500 index.
Investment bank DAM Capital Advisors aims to raise '840 crore through its IPO, which is entirely an offer-for-sale (OFS) by the promoter and existing investors. The price band for the issue has been set between '269 and '283 per share.
The company started the year with a dividend of '11 in May, following it up with a dividend of '4 in July and '20 in September. Including the dividend announced on Monday, the company's total payout so far in 2024-25 (April-Mar) will amount to '43.50 per share.
