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JSW's Sajjan Jindal eyes another stressed assets target, set to buy steel firm

Manufacturing

09 March, 2020

JSW's Sajjan Jindal eyes another stressed assets target, set to buy steel firm

Billionaire Sajjan Jindal-owned JSW Projects Ltd is close to sealing a deal for a majority stake in a distressed steelmaker, ......

‘No question' of Yes Bank merging with SBI, says administrator

Finance

09 March, 2020

‘No question' of Yes Bank merging with SBI, says administrator

 India’s Yes Bank will not be merged with State Bank of India, which is set to infuse funds in the ......

Yes Bank debt writedown to hit sector capital-raising

Finance

09 March, 2020

Yes Bank debt writedown to hit sector capital-raising

The unexpected writedown of some bonds issued by crisis-hit Indian lender Yes Bank Ltd as part of a state-led rescue ......

Yes Bank founder Rana Kapoor remanded in police custody on money-laundering charges

Finance

09 March, 2020

Yes Bank founder Rana Kapoor remanded in police custody on money-laundering charges

An Indian court on Sunday remanded the founder and former managing director of crisis-hit Yes Bank Ltd in police custody ......

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Yes Bank: Sweet bet for several PE firms before WestBridge's contrarian play went bust

Finance

06 March, 2020

Yes Bank: Sweet bet for several PE firms before WestBridge's contrarian play went bust

‘Never catch a falling knife’ is a colloquial term widely and frequently used in the investment world when the price ......

SBI may take up to 49% stake in Yes Bank under RBI bailout plan

Finance

06 March, 2020

SBI may take up to 49% stake in Yes Bank under RBI bailout plan

The Reserve Bank of India (RBI) has outlined a scheme to revive Yes Bank that proposes State Bank of India ......

Yes Bank plunges 60%, panicked depositors rush to withdraw funds

Finance

06 March, 2020

Yes Bank plunges 60%, panicked depositors rush to withdraw funds

Shares in India's Yes Bank Ltd plunged 60% on Friday as panicky depositors rushed to withdraw funds after the central ......

Sensex, Nifty slump for second week as Yes Bank woes drag financial stocks down

Markets

06 March, 2020

Sensex, Nifty slump for second week as Yes Bank woes drag financial stocks down

Indian stocks slumped on Friday with banks and non-bank companies dropping after the Reserve Bank of India’s decision to impose ......

RBI imposes moratorium on Yes Bank, supersedes board; SBI may invest

Finance

05 March, 2020

RBI imposes moratorium on Yes Bank, supersedes board; SBI may invest

The Reserve Bank of India on Thursday imposed a moratorium on Yes Bank and superseded its board after the private-sector ......

SBI Cards' IPO closes with 26.5 times subscription; Antony Waste offering struggles

Finance

05 March, 2020

SBI Cards' IPO closes with 26.5 times subscription; Antony Waste offering struggles

SBI Cards & Payment Services Ltd, India’s second-largest credit-card issuer, received an astounding response to its four-day initial public offering ......