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KKR-backed Avendus revamps wealth management biz as another exec quits

Finance

02 March, 2020

KKR-backed Avendus revamps wealth management biz as another exec quits

Avendus Capital Pvt. Ltd is overhauling its wealth management arm a decade after starting the business, as the Mumbai-based financial ......

Nifty, Sensex close lower ahead of Budget; energy stocks lead losses

Markets

31 January, 2020

Nifty, Sensex close lower ahead of Budget; energy stocks lead losses

Indian shares gave up early gains to settle lower on Friday, dragged down by energy stocks, a day ahead of ......

Kotak Mahindra Bank reaches deal with RBI on cutting promoter stake

Finance

30 January, 2020

Kotak Mahindra Bank reaches deal with RBI on cutting promoter stake

Kotak Mahindra Bank Ltd and the Reserve Bank of India have reached an agreement on reducing billionaire Uday Kotak’s stake ......

Nifty, Sensex close higher, banking stocks shine

Markets

24 January, 2020

Nifty, Sensex close higher, banking stocks shine

Indian shares ended firmer on Friday, with banking stocks leading gains, as investors assessed a raft of corporate earnings and ......

Nifty, Sensex slide on weak earnings; banks, refiners drag

Markets

20 January, 2020

Nifty, Sensex slide on weak earnings; banks, refiners drag

Indian shares fell from record highs on Monday, dragged down by financial companies after a clutch of disappointing earnings reports. The ......

Equifax to buy out SBI, other partners in India joint venture

Finance

15 January, 2020

Equifax to buy out SBI, other partners in India joint venture

US-based consumer credit reporting firm Equifax Inc. is buying the stake held by State Bank of India and its other ......

Indian private-sector lenders signal stress in loan book

Finance

23 October, 2019

Indian private-sector lenders signal stress in loan book

Two top Indian private-sector lenders on Tuesday signalled stress in their loan books as the banks grapple with the worst ......

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India Inc's legal costs soar most in four years; Reliance regains top rank

Finance

19 September, 2019

India Inc's legal costs soar most in four years; Reliance regains top rank

India Inc’s legal expenses grew at the fastest pace in at least four years for the 12 months to March-end ......

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PremjiInvest makes neat return from FabIndia partial exit as PIPE funds check in

Consumer

18 September, 2019

PremjiInvest makes neat return from FabIndia partial exit as PIPE funds check in

A bunch of domestic institutions, including public market funds of top private-sector banks, has acquired a minority stake in FabIndia ......

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Kotak i-banking unit hires former HSBC exec as M&A head

Finance

15 July, 2019

Kotak i-banking unit hires former HSBC exec as M&A head

Kotak Mahindra Capital Co. Ltd, the investment banking arm of private-sector lender Kotak Mahindra Bank Ltd, has recruited a former ......