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Nifty, Sensex record second straight weekly gain

Markets

05 June, 2020

Nifty, Sensex record second straight weekly gain

Indian shares closed higher on Friday, led by gains in financials, with the State Bank of India surging 8% after ......

Lenders seek RBI nod to recast over $40 bn potential NPAs

Finance

04 June, 2020

Lenders seek RBI nod to recast over $40 bn potential NPAs

Lenders have sought permission from the Reserve Bank of India (RBI) to restructure loans worth Rs 3 trillion ($40 billion) ......

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State Bank of India's alternative assets arm gets new chief executive

Finance

02 June, 2020

State Bank of India's alternative assets arm gets new chief executive

A senior executive from the country's largest lender State Bank of India will head its step-down unit, SBICAP Ventures Ltd, ......

Jet Airways lenders make fourth attempt to sell grounded carrier

General

13 May, 2020

Jet Airways lenders make fourth attempt to sell grounded carrier

Lenders to Jet Airways (India) Ltd have decided to invite fresh bids from potential investors in their fourth attempt to ......

Banks weigh Sashakt panel-proposed fund to turn around stressed assets

Finance

11 May, 2020

Banks weigh Sashakt panel-proposed fund to turn around stressed assets

Indian banks have revived discussions on setting up an asset management company and an alternative investment fund of around Rs ......

Sensex, Nifty rise on Reliance Industries boost, but end week sharply lower

Markets

08 May, 2020

Sensex, Nifty rise on Reliance Industries boost, but end week sharply lower

Gains in Reliance Industries boosted Indian shares on Friday, but they ended the week sharply lower as coronavirus cases continued ......

Carlyle-backed PNB Housing appoints SBI veteran as interim CEO

Finance

28 April, 2020

Carlyle-backed PNB Housing appoints SBI veteran as interim CEO

PNB Housing Finance Ltd said on Tuesday it has appointed Neeraj Vyas as its interim managing director and chief executive ......

Three lenders trim stake in Yes Bank within two weeks of investment

Finance

23 April, 2020

Three lenders trim stake in Yes Bank within two weeks of investment

Three private-sector banks, which had pitched in to save Yes Bank from the brim of a collapse last month, have ......

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Bank mergers keep financial sector in focus but PE deals slip again in Jan-March

Finance

17 April, 2020

Bank mergers keep financial sector in focus but PE deals slip again in Jan-March

India’s banking, financial services and insurance (BFSI) sector recorded seven big mergers in the first quarter of 2020 but private ......

Dhanuka Laboratories takes over Orchid Pharma under insolvency plan

Healthcare

01 April, 2020

Dhanuka Laboratories takes over Orchid Pharma under insolvency plan

Dhanuka Laboratories Ltd has taken over Orchid Pharma Ltd as per an insolvency resolution plan that was approved by courts ......