Finance
New Development Bank to invest in NIIF's fund of funds
New Development Bank (formerly Brics Development Bank) has committed $100 million (Rs 727.6 crore) to the Fund of Funds managed...
Finance
Adar Poonawalla owned firm to buy controlling stake in non-bank lender Magma Fincorp
Serum Institute CEO Adar Poonawalla owned Rising Sun Holdings is acquiring a controlling stake in non-bank lender Magma Fincorp...
Healthcare
Quadria Capital backed pharma firm to acquire distressed bulk drugs maker
A New Delhi based pharmaceutical company backed by private equity firm Quadria Capital will acquire a distressed bulk drugs maker,...
Finance
We have seen normalcy return since December: Aswini Sahoo, Arcil
After a pause on bad loan purchases and recoveries during the pandemic, India’s oldest asset reconstruction company Arcil hopes to ......
Finance
Mumbai ARC, Singapore trader to acquire distressed steel maker
A Mumbai-based asset reconstruction company (ARC) and a Singaporean commodity trader are all set to give a close-cropped haircut...
Infrastructure
Pandemic wrecks Sajjan Jindal-led JSW Group's big power plans
In a second blow to billionaire Sajjan Jindal’s buyout plans in the power sector, JSW Energy Ltd has pulled out ......
TMT
Gaming platform MPL close to morphing into unicorn after latest Series D funding
Sequoia Capital-backed fantasy gaming and esports platform Mobile Premier League (MPL) has raised $95 million (about Rs 695 crore)...
Manufacturing
Bankrupt firm, once backed by Citi fund, finds suitors in Ravi Jhunjhunwala, others
A bankrupt textile firm, previously backed by Citigroup fund, has found two suitors including a group firm owned by businessman...
Finance
Why bankers want more clarity on the government's proposed DFI
The new development financial institution (DFI) mooted in Budget 2021 will require substantial upfront investment by the government...
Finance
Budget 2021: Govt to set up ‘bad bank' to manage rising NPAs
India will soon set up the long discussed ‘bad bank’ or an asset reconstruction company (ARC) to address rising non-performing...
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