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HSBC catching up with Citi in battle of MNC banks in India; JPMorgan bulks up

Finance

04 September, 2020

HSBC catching up with Citi in battle of MNC banks in India; JPMorgan bulks up

The battle between the top two global banks in India, Citibank and HSBC, has intensified with the British lender closing ......

IFC leads $550-mn investment round in L&T Finance

Finance

04 July, 2019

IFC leads $550-mn investment round in L&T Finance

International Finance Corporation has led a $550 million (Rs 3,769 crore) investment round in L&T Finance Ltd, a wholly owned ......

Singapore's DBS Bank wants more out of Patanjali's offer for Ruchi Soya

Consumer

08 May, 2019

Singapore's DBS Bank wants more out of Patanjali's offer for Ruchi Soya

Singaporean lender DBS Bank has contested the bankruptcy-resolution plan of Rs 4,350 crore offered by Patanjali Ayurved to buy debt-laden ......

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How the pecking order of foreign banks is changing in India

Finance

28 September, 2018

How the pecking order of foreign banks is changing in India

Foreign banks operating in India are in a better position than their domestic peers when it comes to toxic assets ......

Temasek to invest $250 mn in IT services firm UST Global

TMT

27 June, 2018

Temasek to invest $250 mn in IT services firm UST Global

Singapore state investment firm Temasek has acquired a minority stake in US-based digital and IT services firm UST Global Inc., ......

Stressed assets: Jyoti Structures insolvency on hold; ray of hope for Alok Industries

General

22 June, 2018

Stressed assets: Jyoti Structures insolvency on hold; ray of hope for Alok Industries

As Indian banks grapple with nearly $150 billion in bad loans, various branches of the National Company Law Tribunal (NCLT) ......