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Dark clouds hanging over India Inc start to drift away, finally

Finance

05 November, 2020

Dark clouds hanging over India Inc start to drift away, finally

First, the sliding economy clobbered India Inc, and then the pandemic that took off in April-June made things worse.  But...

Businessman BR Shetty seeks CBI, ED probe of NMC, Finablr ex-CEOs over $6 bn scandal

Healthcare

12 October, 2020

Businessman BR Shetty seeks CBI, ED probe of NMC, Finablr ex-CEOs over $6 bn scandal

Indian entrepreneur BR Shetty has filed a complaint with federal investigative agencies in India seeking a probe into two former...

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NSE valuation hits new milepost as HNIs lap up shares from institutional backers

Finance

11 September, 2020

NSE valuation hits new milepost as HNIs lap up shares from institutional backers

The National Stock Exchange’s (NSE) valuation has climbed past a new milestone as a number of wealthy individuals have bought...

Grapevine: Times Group to sell minority stake in web arm; T Rowe to up UTI Trustee holding

General

19 August, 2020

Grapevine: Times Group to sell minority stake in web arm; T Rowe to up UTI Trustee holding

US asset manager T Rowe Price is looking to increase its stake from 26% to 51% in UTI Trustee Company ......

Grapevine: ARCIL, others bid for Reliance Commercial Finance; Tatas' Air India bid soon

General

14 August, 2020

Grapevine: ARCIL, others bid for Reliance Commercial Finance; Tatas' Air India bid soon

Thirteen investors submitted bids for Reliance Commercial Finance, which is undergoing an insolvency process, after lenders led...

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Once-iconic textile firm enters bankruptcy to weave its way out of crisis

Manufacturing

14 July, 2020

Once-iconic textile firm enters bankruptcy to weave its way out of crisis

A textile company that owns a once-iconic saree brand is the latest to enter bankruptcy proceedings after a Mumbai-based asset...

Bank of Baroda, other lenders count cost of loans in NMC Health collapse

Finance

10 July, 2020

Bank of Baroda, other lenders count cost of loans in NMC Health collapse

As the crisis engulfing his business empire deepened, Bavaguthu Raghuram Shetty met with Bank of Baroda officials in mid-March...

NMC founder BR Shetty owes over $250 mn to Bank of Baroda

Healthcare

19 May, 2020

NMC founder BR Shetty owes over $250 mn to Bank of Baroda

Bank of Baroda is seeking to recover loans worth more than $250 million from NMC founder BR Shetty and his ......

ONGC, HPCL buy out state-run banks from Petronet MHB

Infrastructure

27 February, 2020

ONGC, HPCL buy out state-run banks from Petronet MHB

Oil & Natural Gas Corp and its unit Hindustan Petroleum Corp have struck a deal to acquire the 34.56% they ......

Equifax to buy out SBI, other partners in India joint venture

Finance

15 January, 2020

Equifax to buy out SBI, other partners in India joint venture

State Bank of India and five other lenders are selling their stake in Equifax Credit Information Services Pvt. Ltd, the ......

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