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Credit Suisse's stake sale in PE-backed Prime Focus draws Reliance Capital's ire

Finance

28 December, 2020

Credit Suisse's stake sale in PE-backed Prime Focus draws Reliance Capital's ire

Businessman Anil Ambani-led Reliance Capital Ltd threatened on Monday to take legal and regulatory action to scuttle a stake sale ......

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India Inc's revenue, profit pain intensified in Jan-March even before lockdown

Finance

13 May, 2020

India Inc's revenue, profit pain intensified in Jan-March even before lockdown

Corporate India’s financial performance began to worsen even before the economy faced the brunt of the lockdown due to the ......

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As coronavirus heightens default concerns, a look at India Inc's ‘unsafe debt'

Finance

22 April, 2020

As coronavirus heightens default concerns, a look at India Inc's ‘unsafe debt'

The coronavirus pandemic will likely force several businesses to default on their borrowings, even though the central bank has allowed ......

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Hedge fund Abakkus ups stake in Fairfax-backed securities broking firm

Finance

15 April, 2020

Hedge fund Abakkus ups stake in Fairfax-backed securities broking firm

Hedge fund Abakkus Asset Manager LLP has raised its stake in a securities broking firm that is backed by Canadian ......

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Hedge fund Abakkus picks up stake in Fairfax-backed securities broking firm

Finance

20 December, 2019

Hedge fund Abakkus picks up stake in Fairfax-backed securities broking firm

Hedge fund Abakkus Asset Manager LLP has bought a minority stake in a Mumbai-based securities broking and investment banking firm ......

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India's fourth-biggest private general insurer scraps IPO plan again

Finance

30 October, 2019

India's fourth-biggest private general insurer scraps IPO plan again

Anil Ambani-led Reliance General Insurance Company Ltd has withdrawn a proposal to float an initial public offering, ditching plans to ......

Reliance Capital to exit securities broking business after management buyout

Finance

11 October, 2019

Reliance Capital to exit securities broking business after management buyout

Businessman Anil Ambani-led Reliance Capital Ltd said on Friday it has signed a pact to sell Reliance Securities Ltd’s broking ......

Reliance Capital to exit lending business, shares hit two-decade low

Finance

30 September, 2019

Reliance Capital to exit lending business, shares hit two-decade low

Indian financial services company Reliance Capital Ltd will exit the lending business, group Chairman Anil Ambani said on Monday, sending ......

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Hedge fund Abakkus picks up stake in PE-backed engineering equipment maker

Manufacturing

27 September, 2019

Hedge fund Abakkus picks up stake in PE-backed engineering equipment maker

A hedge fund set up by a former top executive at Reliance Capital Ltd has bought a minority stake in ......

Grapevine: Paytm eyes Yes Bank stake; Vogo, Bounce seek fresh funding

General

10 September, 2019

Grapevine: Paytm eyes Yes Bank stake; Vogo, Bounce seek fresh funding

Mobile payments company Paytm's owner, One97 Communications Ltd, is in preliminary discussions to pick up a stake in private-sector lender ......