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Sensex, Nifty extend losses as bank stocks slump

Markets

18 September, 2018

Sensex, Nifty extend losses as bank stocks slump

Indian shares extended falls on Tuesday and posted their lowest close in one-and-a-half months, dragged by state-run banks as the ......

Bad loan mess: Govt to merge Bank of Baroda, Dena Bank and Vijaya Bank

Finance

17 September, 2018

Bad loan mess: Govt to merge Bank of Baroda, Dena Bank and Vijaya Bank

India plans to merge three state-run banks, Bank of Baroda, Dena Bank and Vijaya Bank, the financial services secretary said on ......

Warburg Pincus to buy 26% stake in IndiaFirst Life for $105 mn

Finance

01 June, 2018

Warburg Pincus to buy 26% stake in IndiaFirst Life for $105 mn

Private equity giant Warburg Pincus has agreed to acquire a 26% stake in IndiaFirst Life Insurance Co. Ltd from Legal ......

Pen maker Rotomac Global, bank officials accused of $454 mn loan fraud

Finance

19 February, 2018

Pen maker Rotomac Global, bank officials accused of $454 mn loan fraud

The Central Bureau of Investigation (CBI) said on Monday it has registered a case against pen maker Rotomac Global and ......

PE firm Atyant Capital may buy JEKPL; RCom lenders eye its land assets

General

22 December, 2017

PE firm Atyant Capital may buy JEKPL; RCom lenders eye its land assets

Atyant Capital is set to acquire JEKPL Pvt. Ltd after lenders to the debt-laden energy company approved the India-focussed private ......

Mahindra Logistics' IPO covered eight times; NIA issue little changed on day 2

Finance

02 November, 2017

Mahindra Logistics' IPO covered eight times; NIA issue little changed on day 2

The initial public offering of Kedaara Capital-backed Mahindra Logistics Ltd saw good turnout on the final day, while that of ......

New India Assurance's $1.5 bn IPO, Mahindra Logistics offer sail through

Finance

01 November, 2017

New India Assurance's $1.5 bn IPO, Mahindra Logistics offer sail through

The initial public offerings of state-owned insurer New India Assurance Co. Ltd and Mahindra Logistics Ltd were fully covered on ......

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Bank of Baroda hires advisers to find investors for cards biz

Finance

16 October, 2017

Bank of Baroda hires advisers to find investors for cards biz

Credit card firm Bobcards Ltd, a wholly-owned subsidiary of Bank of Baroda, has hired four financial advisers to scout for ......

Sequoia Capital plans to exit Pine Labs; KKR's NBFC units raise bank debt

Finance

28 August, 2017

Sequoia Capital plans to exit Pine Labs; KKR's NBFC units raise bank debt

Venture capital and growth-stage investment firm Sequoia Capital is exploring the sale of its stake in payment solutions provider Pine ......