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State Bank of India gears up for IPO of PE-backed credit cards unit

Finance

14 August, 2019

State Bank of India gears up for IPO of PE-backed credit cards unit

State Bank of India is considering a plan to dilute its stake in its credit card subsidiary via an initial ......

State Bank of India seeks bids for Videocon's overseas oil, gas assets

Infrastructure

05 August, 2019

State Bank of India seeks bids for Videocon's overseas oil, gas assets

The State Bank of India has invited bids for overseas oil and gas assets of Videocon Industries Ltd, a newspaper ......

Sensex drops to five-month low as Fed's comments dampen global investor sentiment

Markets

01 August, 2019

Sensex drops to five-month low as Fed's comments dampen global investor sentiment

Indian shares ended at a five-month low on Thursday, dragged by public sector banks and metal stocks, as comments from ......

Grapevine: Sequoia may top up sixth India fund; Ebix eyes PE-backed Trimax

General

31 July, 2019

Grapevine: Sequoia may top up sixth India fund; Ebix eyes PE-backed Trimax

Sequoia Capital India, one of the most active venture capital firms in India, is raising $200 million (about Rs 1,377 ......

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Construction firm IVRCL heads for liquidation

Infrastructure

29 July, 2019

Construction firm IVRCL heads for liquidation

Hyderabad-based construction company IVRCL Ltd is headed for liquidation after failing to find a buyer under a bankruptcy resolution process. The ......

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SBI CFO Prashant Kumar on bank consolidation, progress on stressed assets and more

Finance

29 July, 2019

SBI CFO Prashant Kumar on bank consolidation, progress on stressed assets and more

State Bank of India (SBI) is leading many fights against top corporate defaulters, including Essar Steel, under the Insolvency and ......

Nifty, Sensex end lower for fourth day, financial stocks hurt most

Markets

23 July, 2019

Nifty, Sensex end lower for fourth day, financial stocks hurt most

Indian shares settled lower for a fourth straight session on Tuesday, weighed down by losses in financial stocks, with State ......

Sensex gains for third day in a row as SBI, Indiabulls Housing surge

Markets

17 July, 2019

Sensex gains for third day in a row as SBI, Indiabulls Housing surge

Indian shares closed higher for the third straight day on Wednesday, boosted by gains in financial stocks, with top lender ......

Jet Airways lenders attempt to sell bankrupt carrier again

Infrastructure

17 July, 2019

Jet Airways lenders attempt to sell bankrupt carrier again

Lenders to Jet Airways will open bids to sell the bankrupt airline on July 20, as they look to recover ......

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Why banks, stressed asset investors are fretting over tribunal ruling on Essar Steel

Manufacturing

16 July, 2019

Why banks, stressed asset investors are fretting over tribunal ruling on Essar Steel

A recent order of an appeals tribunal in a case involving the bankruptcy resolution of Essar Steel India Ltd has ......