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Strong start for LIC on day 1 of IPO

Finance

05 May, 2022

Strong start for LIC on day 1 of IPO

The subscription for India’s biggest initial public offer ever - of Life Insurance Corp of India - witnessed a strong ......

Indifi ropes in ex-SBI chairman Rajnish Kumar as adviser

Finance

28 April, 2022

Indifi ropes in ex-SBI chairman Rajnish Kumar as adviser

Small business-focused digital lender Indifi Technologies Thursday appointed former SBI chairman Rajnish Kumar as an adviser for the company’s growth ......

India probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel - Reuters Excl

Finance

06 April, 2022

India probes debt trustee units of SBI, Axis, IDBI on suspected fee cartel - Reuters Excl

India's antitrust body is investigating the trustee units of State Bank of India, Axis Bank and IDBI Bank for suspected ......

India's top lender stops handling trade with sanctioned Russian entities - sources

Economy

01 March, 2022

India's top lender stops handling trade with sanctioned Russian entities - sources

India's top lender will not process any transactions involving Russian entities subject to international sanctions imposed on Russia after its ......

ADIA, GIC among anchor investors in Vedant Fashions Limited

Consumer

04 February, 2022

ADIA, GIC among anchor investors in Vedant Fashions Limited

Ethnic wear brand Manyavar’s parent Vedant Fashion has raised Rs 944.76 crore from 75 anchor investors including sovereign funds Abu ......

Bad bank starts operations, banks to transfer $6.6 bn NPAs by March

Finance

28 January, 2022

Bad bank starts operations, banks to transfer $6.6 bn NPAs by March

National Asset Reconstruction Company Ltd (NARCL), a government created entity to tackle bad loan problem in India, is set to ......

Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

Consumer

21 January, 2022

Fresh bids for Videocon Industries by Feb 2 after Vedanta Group's bid rejected

State Bank of India (SBI)-led consortium of lenders of have invited fresh expressions of interest (EoIs) for debt-ridden Videocon Industries ......

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SBI MF to soon meet investment banks for IPO mandate

Markets

15 January, 2022

SBI MF to soon meet investment banks for IPO mandate

SBI Funds Management Ltd (SBI MF), the asset management joint venture between State Bank of India and France’s Amundi, will ......

NCLAT revokes Vedanta unit's plan for Videocon Group, lenders may restart bidding process

Consumer

05 January, 2022

NCLAT revokes Vedanta unit's plan for Videocon Group, lenders may restart bidding process

A higher bankruptcy court on Wednesday set aside the National Company Law Tribunal (NCLT) order on Videocon Industries Ltd, allowing ......

State Bank of India invests $20 mn in payment solutions provider Pine Labs

TMT

04 January, 2022

State Bank of India invests $20 mn in payment solutions provider Pine Labs

Payment solutions provider Pine Labs Pvt Ltd, which is headed for a US listing, said on Tuesday it has raised ......