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Beena Parmar

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GIC bumps ups stake in private-sector lender, deepening BFSI push

Finance

10 July, 2020

GIC bumps ups stake in private-sector lender, deepening BFSI push

Singapore sovereign wealth fund GIC Pte. Ltd has raised its stake in a private sector lender in yet another bet ......

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Lone Star-backed RattanIndia Finance sharpens focus on retail loans as NPAs soar

Finance

10 July, 2020

Lone Star-backed RattanIndia Finance sharpens focus on retail loans as NPAs soar

Lone Star Funds-backed RattanIndia Finance Pvt. Ltd will ramp up retail lending and reduce the share of corporate loans, a ......

Nexus Venture Partners scores exit from US portfolio firm Rancher Labs

TMT

08 July, 2020

Nexus Venture Partners scores exit from US portfolio firm Rancher Labs

German software company SUSE Group is acquiring Cupertino, California-headquartered Rancher Labs Inc. in a deal that will help venture capital ......

Adani to acquire Kalpataru's power transmission project

Infrastructure

06 July, 2020

Adani to acquire Kalpataru's power transmission project

Adani Transmission Ltd said on Monday it will buy a subsidiary of Kalpataru Power Transmission Ltd. The enterprise value for the ......

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Adanis strike second deal for bankrupt firm amid allegations over impropriety

Manufacturing

01 July, 2020

Adanis strike second deal for bankrupt firm amid allegations over impropriety

The real estate arm of billionaire Gautam Adani-led Adani Enterprises Ltd is set to acquire a distressed textile company, two ......

IDBI Bank to pare stake in insurance JV with Ageas, Federal Bank

Finance

29 June, 2020

IDBI Bank to pare stake in insurance JV with Ageas, Federal Bank

IDBI Bank has approved selling a 27% stake in its life insurance joint venture with Federal Bank and Belgium’s Ageas ......

Jet Airways shortlists four potential suitors for sale

Infrastructure

26 June, 2020

Jet Airways shortlists four potential suitors for sale

The resolution professional of bankrupt Jet Airways Ltd has shortlisted four potential bidders who may submit a bid proposal to ......

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This lender is now Blackstone's No.2 India bet after raising fresh capital

Finance

25 June, 2020

This lender is now Blackstone's No.2 India bet after raising fresh capital

Blackstone Group has injected an additional amount into a financial services company that it had acquired last year, making it ......

PNB expects recoveries worth $1 bn in three months' time

Finance

22 June, 2020

PNB expects recoveries worth $1 bn in three months' time

State-owned Punjab National Bank (PNB) is expecting recoveries worth Rs 8,000 crore ($1.05 billion at current exchange rate) from large ......

Govt invites bids for preparing IPO of Life Insurance Corporation

Finance

19 June, 2020

Govt invites bids for preparing IPO of Life Insurance Corporation

The government has invited bids for two pre-IPO transaction advisors for India’s biggest insurer Life Insurance Corporation of India (LIC). The ......