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How PE funds, foreign banks are changing tack in battle for stressed assets

Finance

03 August, 2018

How PE funds, foreign banks are changing tack in battle for stressed assets

When Indian authorities started cracking down on banks’ bad loans two years ago, several private equity firms and stressed assets ......

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Top Edelweiss executive quits to join Gunit Chadha's NBFC

People

07 June, 2018

Top Edelweiss executive quits to join Gunit Chadha's NBFC

A top executive of financial services conglomerate Edelweiss Group is set to join the non-banking financial company (NBFC) recently started ......

Deutsche Bank to slash thousands of jobs globally in investment bank revamp

Finance

24 May, 2018

Deutsche Bank to slash thousands of jobs globally in investment bank revamp

Deutsche Bank said on Thursday it will reduce global staff levels to well below 90,000 from the current 97,000, as ......

Deutsche Bank acquires fintech startup Quantiguous Solutions

TMT

15 May, 2018

Deutsche Bank acquires fintech startup Quantiguous Solutions

Deutsche Bank has acquired Mumbai-based software firm Quantiguous Solutions for an undisclosed sum, the bank said in a media statement. ......

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An accidental lawyer, Phoenix Legal's Sawant Singh is a star in his own right

People

31 January, 2018

An accidental lawyer, Phoenix Legal's Sawant Singh is a star in his own right

As a teenager, Sawant Singh found it hard to resist the glitz and glam surrounding the make-believe world of Bollywood, ......

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Indian bank in race for Deutsche Bank's local retail and wealth biz

Finance

15 January, 2018

Indian bank in race for Deutsche Bank's local retail and wealth biz

An Indian lender is in talks to acquire the retail and wealth management business of Germany’s Deutsche Bank, two people ......

Baring PE Asia arm raising $85 mn via overseas bond issue against Hexaware stake

Finance

01 September, 2017

Baring PE Asia arm raising $85 mn via overseas bond issue against Hexaware stake

Alternative asset management firm Baring Private Equity Asia—which owns a majority stake in Mumbai-based Hexaware Technologies through HT Global IT ......

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Federal Bank hires four bankers to raise $388 mn via share sale

Finance

02 June, 2017

Federal Bank hires four bankers to raise $388 mn via share sale

Aluva-based Federal Bank has hired two foreign and two domestic merchant bankers to manage a Rs 2,500 crore (around $388.8 ......

Former Deutsche Bank co-CEO Anshu Jain joins US I-banking firm Cantor Fitzgerald

General

03 January, 2017

Former Deutsche Bank co-CEO Anshu Jain joins US I-banking firm Cantor Fitzgerald

Former Deutsche Bank co-CEO Anshu Jain has joined US financial services company Cantor Fitzgerald (CFLP) as president. Cantor said Jain ......

Apollo Tyres' Atulya Sharma to join HSA Advocates

General

27 October, 2016

Apollo Tyres' Atulya Sharma to join HSA Advocates

Atulya Sharma, global chief legal counsel at Apollo Tyres Ltd, is set to join law firm HSA Advocates after barely ......