Start-up firm Chai Break to raise $1 million from venture capitalists
It has 11 outlets at present in Kolkata, Durgapur and Bhuvaneswar.
Atmadip Ray
India's forex reserves rise to $401.9 billion
Value of reserves held in gold rose $36.5 million to $20.703 billion, RBI data showed.
Kolkata-based liquor seller RG Shaw & Sons faces liquidation
The promoters of the company did not submit resolution plans while it defaulted on a loan of about Rs 80 crore, where SBI has 95% exposure.
Prices likely to rise further: RBI
The tone of the policy document mildly cooled the 10-year G-sec yield while it led a 0.63% fall in BSE Sensex to 32,597.18.
Has interest rate bottomed out?
The cautious tone of the central bank on price level and fiscal slippages is possibly an indication that interest rate cycle is bottoming out.
Aditya Birla Health Insurance in expansion mode to grow retail
The one-year old health insurer is present in 34 cities now and about one-fifth of its business comes from retail at present.
Forex reserves back above $400 billion after 5 weeks
RBI data showed that reserves rose $1.2 billion in the week to November 24 to $400.742 billion.
Allahabad Bank to sell its 30% stake in Sompo Insurance
Bank’s CEO says the insurer may get listed after 2 years, a good time for them to exit.
Debt resolutions will drive NPA recovery in next one year: Usha Anathasubramanian, Allahabad Bank
Usha Anathasubramanian that the pitch is ready for large-scale recovery of NPAs and a few big debt resolution stories would provide the desired momentum.
Inditrade Capital to buy 80% stake in Varam Capital for Rs 40 crore
The deal will include direct purchase of stake as well as fresh infusion of capital, the person familiar with the matter said.
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