Long under the weather, industrial and banking activities in India finally look ready for a takeoff.
All lenders have to agree to the KKR deal for the restructuring plan to go through.
Gupta’s aggressive bids in the bankruptcy courts gave him his first success last week, as Liberty House was selected as the successful bidder for Odisha-based Adhunik Metaliks.
It plans to have 100 people on its roles by December-end.
Repos will facilitate swift conversion of bonds into cash, which will help investors manage liquidity.
Following the LIC-IDBI Bank deal, a look at its implications and the investment guidelines life insurers have to follow.
On Wednesday, the government increased the gross margins for major crops to 50%, raising MSPs for kharif crops by between 4% and 52%.
IDBI Bank is among the worst performing public sector lenders over the past two years.
The 1977 IAS batch officer will be joining the private-sector bank as it seeks to assuage concerns over loans to a borrower with links to the husband of chief executive Chanda Kochhar.
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