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GIC took out $200 mn from Indian BFSI bets, invested more in two private banks in Q1

Finance

06 May, 2020

GIC took out $200 mn from Indian BFSI bets, invested more in two private banks in Q1

Singapore sovereign wealth fund GIC Pte. Ltd shuffled several of its investments in India’s listed banking, financial services and insurance ......

Three lenders trim stake in Yes Bank within two weeks of investment

Finance

23 April, 2020

Three lenders trim stake in Yes Bank within two weeks of investment

Three private-sector banks, which had pitched in to save Yes Bank from the brim of a collapse last month, have ......

Grapevine: KKR mulls Ramky exit; Amazon may buy Milkbasket; Kotak may raise funds

General

21 April, 2020

Grapevine: KKR mulls Ramky exit; Amazon may buy Milkbasket; Kotak may raise funds

Private equity giant KKR & Co. is considering a sale of its controlling stake in environmental services provider Ramky Enviro ......

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How coronavirus shrunk India's billion-dollar valuation club

Markets

06 April, 2020

How coronavirus shrunk India's billion-dollar valuation club

The club of Indian companies with a market capitalisation of at least $1 billion lost the most members in at ......

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Stressed assets on pause for now but coronavirus aftermath poses shakeout risks

Finance

03 April, 2020

Stressed assets on pause for now but coronavirus aftermath poses shakeout risks

Even as the entire stressed asset ecosystem is almost on pause in the pandemic, both buyers and sellers are bracing ......

Sensex, Nifty decline as firms flag lockdown damage

Markets

01 April, 2020

Sensex, Nifty decline as firms flag lockdown damage

Indian shares ended lower on Wednesday as companies started laying out the extent of the damage to their businesses from ......

Grapevine: Carlyle, Brookfield, Tilden Park Capital may eye Yes Bank

General

23 March, 2020

Grapevine: Carlyle, Brookfield, Tilden Park Capital may eye Yes Bank

Troubled private sector lender Yes Bank may attract interest from a clutch of foreign investors as part of a massive ......

Sensex, Nifty tumble over 5% as virus fears linger

Markets

18 March, 2020

Sensex, Nifty tumble over 5% as virus fears linger

Indian shares skidded over 6% in the waning moments of trading on Wednesday, with financial stocks suffering the most, as ......

Cabinet clears Yes Bank rescue plan; ICICI, Axis, Kotak, HDFC to pitch in

Finance

13 March, 2020

Cabinet clears Yes Bank rescue plan; ICICI, Axis, Kotak, HDFC to pitch in

The Union Cabinet has approved a reconstruction plan for Yes Bank, finance minister Nirmala Sitharaman said on Friday, as the ......

Grapevine: 4 banks, others to Yes Bank rescue; Walmart India insider to be CEO

General

13 March, 2020

Grapevine: 4 banks, others to Yes Bank rescue; Walmart India insider to be CEO

State Bank of India or SBI will be joined by private-sector lenders ICICI Bank, HDFC Bank, Axis Bank and Kotak ......