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With renewed cleanup act, can Yes Bank attract ‘confidence capital' for revival?

Finance

10 October, 2019

With renewed cleanup act, can Yes Bank attract ‘confidence capital' for revival?

Yes Bank’s new management is busy firefighting the mid-sized private sector lender’s bad loan problems that stretch from tycoon Anil ......

Reliance Capital to exit lending business, shares hit two-decade low

Finance

30 September, 2019

Reliance Capital to exit lending business, shares hit two-decade low

Indian financial services company Reliance Capital Ltd will exit the lending business, group Chairman Anil Ambani said on Monday, sending ......

R-Com's undersea cable unit files for bankruptcy in US

Infrastructure

18 September, 2019

R-Com's undersea cable unit files for bankruptcy in US

Global Cloud Xchange (GCX), an arm of Anil Ambani-owned debt-laden Reliance Communications Ltd, has voluntarily filed for bankruptcy in the ......

Grapevine: InCred, others circle Reliance Wealth Management; Tencent may back KhataBook

General

17 September, 2019

Grapevine: InCred, others circle Reliance Wealth Management; Tencent may back KhataBook

Investors including non-banking financial company InCred Finance are eyeing a possible bid for Anil Ambani’s Reliance Wealth Management, put up ......

Grapevine: Paytm eyes Yes Bank stake; Vogo, Bounce seek fresh funding

General

10 September, 2019

Grapevine: Paytm eyes Yes Bank stake; Vogo, Bounce seek fresh funding

Mobile payments company Paytm's owner, One97 Communications Ltd, is in preliminary discussions to pick up a stake in private-sector lender ......

Grapevine: Glenmark may sell API biz stake to Premji; PE firms circle Reliance Group's HQ

General

23 August, 2019

Grapevine: Glenmark may sell API biz stake to Premji; PE firms circle Reliance Group's HQ

Glenmark Pharma is seeking to sell up to 30% stake in Glenmark Life Sciences to PremjiInvest, the family office of ......

Grapevine: Alibaba to list terms for Zomato funding; SoftBank may invest in Meesho

General

12 August, 2019

Grapevine: Alibaba to list terms for Zomato funding; SoftBank may invest in Meesho

Chinese e-commerce giant Alibaba's fintech affiliate Ant Financial, which is a key shareholder in Zomato Media Pvt. Ltd, may specify ......

Reliance Jio, Airtel keen on physical assets of bankrupt RCom

TMT

06 August, 2019

Reliance Jio, Airtel keen on physical assets of bankrupt RCom

Anil Ambani-led Reliance Communications (RCom) has found potential buyers in Bharti Airtel and brother Mukesh's Reliance Jio Infocomm Ltd, which ......

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In charts: The big Indian business houses that have virtually crumbled

Finance

18 July, 2019

In charts: The big Indian business houses that have virtually crumbled

For the past several months, Dewan Housing Finance Corp Ltd has been struggling to survive. The Kapil Wadhawan-led company reported ......

Grapevine: Blackstone eyes Reliance Group HQ; Warburg, Temasek in race for SBI General

General

01 July, 2019

Grapevine: Blackstone eyes Reliance Group HQ; Warburg, Temasek in race for SBI General

Reliance Group chief Anil Ambani is looking to either sell or give on long-term lease his headquarters at Santacruz in ......