Axis Bank
Finance
PIDG's credit solutions arm backs Indian lender as part of $40 mn investment
The credit solutions unit of Asia and Africa-focused infrastructure developer and investor, Private Infrastructure Development Group (PIDG), which has guaranteed ......
TMT
Banks race to save startups after Silicon Valley Bank collapse
At least three Indian banks—Axis Bank, Kotak Mahindra Bank, and ICICI Bank—along with the Indian unit of HSBC, assembled crack ......
Finance
Vanguard, Nippon India, Axis MF lead race to acquire IDFC Mutual Fund
Pennsylvania-based asset management giant The Vanguard Group, Inc. is competing against large domestic AMCs including Nippon Life India Asset Management ......
Finance
PE investor Bay Tree sells a third of its stake in Yes Bank; sitting on 1.2x returns
Bay Tree India Holdings has sold almost a third of its stake in Yes Bank at a price that indicates ......
Finance
Dark clouds hanging over India Inc scatter at a faster pace
A sliding economy took a toll on India Inc before the coronavirus made things worse in April-June. Corporate results started to ......
Finance
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 ......
Manufacturing
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 ......
Finance
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 ......
Finance
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 ......
Finance
Virus fears damp M&As in Jan-June but cross-border sales, collapsed deals in focus
The number of mergers and acquisitions (M&As) involving India Inc. declined to the lowest level in at least eight years ......
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