ICICI Securities Ltd on Friday appointed L Govind as head of structured products and corporate debt restructuring.
Daiwa Capital Markets aims to revive its fortunes in takeover advisory and brokerage by targeting the elusive Japanese savings that runs at more than $2 trillion.
It is fairly common knowledge in the country that someone on a moped has a higher probability of getting penalised for traffic violation than someone driving a Mercedes Benz, or one with a beacon flashing.
Deutsche Bank said slow growth and govt's inability to achieve fiscal consolidation could be key risks to India's ratings outlook in the coming years.
Eight companies belonging to the Tayal family have got a lifeline to restructure their loans of over 2,000 crore after the market regulator reversed a two-year ban.
India's solar power ambitions may get a jolt with the first major company in the industry Moser Baer Solar headed to the corporate debt restructuring cell with Rs 739 crore in restructuring.
Restructured loan portfolio of banks is expected to touch Rs 2 trillion by March 2013, said Crisil the rating company.
Hotel Leela Venture's Rs 3,000-cr debt restructuring proposal has hit a wall with top lenders Indian Overseas Bank, Syndicate Bank and BoI.
Dhanlaxmi Bank will cut the size of its corporate business unit, downsize manpower and focus on high-yielding businesses, such as gold loans, to boost its financials.
Dhanlaxmi Bank is planning to shut 30 branches in key metros, including Mumbai and Delhi, and it may elevate a key official to the post of deputy chief executive officer.
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