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CSB Bank chief CVR Rajendran on transforming into a new private sector bank

Finance

01 February, 2021

CSB Bank chief CVR Rajendran on transforming into a new private sector bank

Fairfax-controlled CSB Bank, earlier known as Catholic Syrian Bank, is preparing to play a larger role in the country’s banking ......

Kolkata-based Kothari Group sells Punjab mill to Cedaar Textile

Manufacturing

29 January, 2021

Kolkata-based Kothari Group sells Punjab mill to Cedaar Textile

A Kothari Group firm has sold its Punjab-based textile spinning unit to Cedaar Textile Private Limited. Gillanders Arbuthnot & Company Ltd ......

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Listed Kerala bank set to raise $40 mn from PE firm

Finance

29 January, 2021

Listed Kerala bank set to raise $40 mn from PE firm

A mid-sized listed bank based in Kerala is set to raise Rs 300 crore (about $40 million) from a private ......

A unit of The Pioneer's publisher enters bankruptcy

Consumer

27 January, 2021

A unit of The Pioneer's publisher enters bankruptcy

A firm of The Pioneer group, which is owned by journalist Chandan Mitra and publishes The Pioneer newspaper, has entered ......

JC Flowers, Eight Capital to launch distressed fund backed by IFC

Finance

27 January, 2021

JC Flowers, Eight Capital to launch distressed fund backed by IFC

US-based PE firm JC Flowers and India’s distressed assets investor Eight Capital will launch a $500 million (about Rs 3,640 ......

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Lenders of Piramal PE-backed bulk drugs maker take massive haircut in acquisition deal

Healthcare

25 January, 2021

Lenders of Piramal PE-backed bulk drugs maker take massive haircut in acquisition deal

Lenders of a bankrupt bulk drugs and chemicals maker backed by a Piramal Group promoted private equity fund are staring ......

Central bank urges a tiered approach to regulating shadow banks

Finance

22 January, 2021

Central bank urges a tiered approach to regulating shadow banks

The central bank has proposed a tighter regulatory framework to harmonise classification of bad loans of non-banking financial companies (NBFCs). In ......

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Byju's goes shopping again, snaps up Mumbai startup

TMT

21 January, 2021

Byju's goes shopping again, snaps up Mumbai startup

India’s biggest online education startup Byju’s is continuing its shopping spree with the purchase of a Mumbai-based edtech startup, two ......

Alvarez & Marsal India ropes in former Credit Suisse exec as senior adviser

People

21 January, 2021

Alvarez & Marsal India ropes in former Credit Suisse exec as senior adviser

Professional services and turnaround firm Alvarez & Marsal (A&M) India has announced the appointment of Sandeep Pangal as senior adviser ......

ADB places bet on Tata Capital's second private equity fund

Finance

19 January, 2021

ADB places bet on Tata Capital's second private equity fund

The Asian Development Bank (ADB) has made its second Limited Partner (LP) commitment this month with a $10 million (Rs ......