Sachin Bansal to put $400m in banking biz
Bansal could likely invest $400-450 million in the new venture, according to estimates, which will likely make it one of the biggest equity infusions by a promoter into a new financial services venture.
Share market update: Nifty Financial Services index down; PFC slumps 6%
The Nifty Financial Services index was trading 0.46 per cent down at ...
Challa Sreenivasulu Setty appointed MD of SBI
The Appointments Committee of the Cabinet has approved the proposal of the Department of the Fi...
Demolition of Maradu flats in Kochi turns spotlight on controlled explosion
The Kochi demolitions have brought to the fore controlled implosion, a method that has been used to raze buildings in the West for decades but is still relatively uncommon in India, thanks to lack of expertise and the availability of cheap labour for alternative methods.
Anti-CAA protests: Court asks police to verify if Bhim Army Chief has an office in Delhi
The court had restrained Azad from visiting Delhi for four weeks and directed him to not hold any dharna till the elections in the national capital, while granting him bail in a case related to violent protests at Daryaganj. The court directed the police to verify from the EC whether Azad's office in Delhi is an office of a political party.
Dalal Street week ahead: Financials lose momentum; realty & metals take charge
A cautiously positive outlook is advised for the coming week.
Half of world economy dependent on nature: WEF study
Releasing the Nature Risk Rising Report ahead of its 50th Annual Meeting, the World Economic Forum said about 25 per cent of our assessed plant and animal species are threatened by human actions, with a million species facing extinction, many within decades.
Essar resolution to have significant impact on financial ecosystem: Satish Gupta, Essar's Resolution Professional
"The resolution of Essar Steel with realisation of more than Rs 42,000 crore has significant impact on financial ecosystem. With availability of funds and committed additional infusion of Rs 8,000 crore by ArcelorMittal, Essar Steel’s under-utilised productive asset can now operate at its optimal level of production and enhance capacity utilisation," the resolution professional of Essar Steel said.
Share market update: Nifty Financial Services index down; PFC falls 1%
The Nifty Financial Services index was trading 0.49 per cent down at 14583.75.
Bain Capital looks to team up with Sunil Munjal to buy Max Financial Services
Apax Partners also approached; Hero Corp & Analjit Singh currently in exclusive discussions
Making efforts to financially strengthen bank further: Yes Bank
"All efforts are being made to financially strengthen the bank even further. Kindly, therefore, pay no heed to these unfounded reports," Yes Bank said. Last week, Uttam Prakash Agarwal, an independent director of Yes Bank resigned from the board and stepped down as head of its audit committee citing major corporate governance concerns.
At 744, West Bengal tops crimes by foreigners
West Bengal recorded the highest number of crimes (744) committed by foreigners in 2018 followed by Karnataka (175) and Himachal Pradesh (147), according to 2018 National Crime Records Bureau (NCRB) report.
Budget may make faking input tax non-bailable crime for buyers too
CXOs, directors or employees directly responsible for making such claims can also be penalised.
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