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Axis Bank again tweaks pact to acquire Max Life Insurance stake

Finance

30 October, 2020

Axis Bank again tweaks pact to acquire Max Life Insurance stake

Private-sector lender Axis Bank has changed for a second time its plan to acquire a stake in Max Life Insurance ......

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Top executive quits Ares SSG-backed asset reconstruction firm

Finance

09 September, 2020

Top executive quits Ares SSG-backed asset reconstruction firm

The chief executive and managing director of an asset reconstruction firm, backed by alternative asset manager Ares SSG (previously SSG ......

Axis Bank cuts stake purchase in Max Life Insurance

Finance

24 August, 2020

Axis Bank cuts stake purchase in Max Life Insurance

Private-sector lender Axis Bank will buy a smaller stake than previously planned in Max Life Insurance Company Ltd in an ......

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Shree Renuka Sugars makes final stab at debt, hopes to shake off NPA image at last

Manufacturing

21 August, 2020

Shree Renuka Sugars makes final stab at debt, hopes to shake off NPA image at last

Shree Renuka Sugars, one of the top three sugar makers in India that has been working to shed its non-performing ......

Grapevine: Adani eyes coal-fired plant; Carlyle to invest in Axis Bank

General

20 August, 2020

Grapevine: Adani eyes coal-fired plant; Carlyle to invest in Axis Bank

Adani Power is looking to acquire a 414 megawatt (MW) coal-fired plant near Chennai from OPG Power Ventures for up ......

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GIC ups stake in lender with single-biggest India cheque of 2020

Finance

17 August, 2020

GIC ups stake in lender with single-biggest India cheque of 2020

Singapore sovereign wealth fund GIC has made its single-largest investment of 2020 in India thus far as it increased its ......

Sensex, Nifty rise as Reliance, HDFC Bank rally

Markets

04 August, 2020

Sensex, Nifty rise as Reliance, HDFC Bank rally

Indian shares closed higher on Tuesday, led by gains in heavyweights Reliance Industries Ltd and HDFC Bank Ltd, while strong ......

Max Financial and Axis Bank agree to tweak insurance deal as regulator turns up heat

Finance

24 July, 2020

Max Financial and Axis Bank agree to tweak insurance deal as regulator turns up heat

Max Financial Services and Axis Bank have agreed to make changes to the value-creation options in their proposed life insurance ......

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Banks scramble to beef up defences as coronavirus threatens to sour loan books

Finance

14 July, 2020

Banks scramble to beef up defences as coronavirus threatens to sour loan books

Banks across the nation are raising or proposing to raise at least Rs 1.4 trillion ($19 billion) as the industry ......

Nifty, Sensex record fourth straight weekly gains

Markets

10 July, 2020

Nifty, Sensex record fourth straight weekly gains

Indian shares closed lower on Friday as record daily increases of domestic coronavirus cases threatened to disrupt an economic recovery, ......