TMT
UV ARC to sell Aircel assets, start low-cost businesses in bid to repay lenders
UV Asset Reconstruction Company Ltd plans to resume certain operations of Aircel Ltd and sell several assets, as it aims ......
Finance
Fairfax-controlled CSB Bank appoints Pralay Mondal as retail banking head
Fairfax-controlled CSB Bank Ltd has announced that its board has appointed Pralay Mondal as the company’s president for...
Manufacturing
Suraksha ARC set to lose race for distressed textile firm
Suraksha Asset Reconstruction Ltd is likely to have lost a bid to acquire a Maharashtra-based distressed textile company that...
Finance
RBI proposes new lending, capital norms for housing finance firms
The Reserve Bank of India (RBI) on Wednesday proposed changes to the regulations governing housing finance companies with an aim...
Finance
Axis Bank ED Pralay Mondal quits, may lead another lender
Pralay Mondal, executive director for retail banking at Axis Bank, has resigned his position at the private-sector lender and...
Finance
AION-backed Clix Capital eyes troubled Lakshmi Vilas Bank
Clix Capital, a non-bank lender controlled by private equity firm AION Capital, has shown preliminary interest to buy a majority...
Finance
SBI puts Anil Ambani in dock for guarantee given on loans to his firms
The country’s largest lender State Bank of India (SBI) has taken Anil Ambani to the bankruptcy tribunal for a personal ......
Finance
Kotak alternative investment arm's AUM moves up to $2 bn
Kotak Investment Advisors Ltd, the alternatives investment arm of Kotak Mahindra Bank Ltd, has recorded an increase in its total ......
TMT
Tribunal okays UV ARC's sharp haircut for Aircel lenders, but with tweaks
The National Company Law Tribunal (NCLT) has approved the insolvency resolution plan of UV Asset Reconstruction Company Ltd to...
TMT
TV and movie production house broadcasts SOS to resolve its debt under bankruptcy law
A Mumbai-based media production house has invited bids to resolve its debt worth Rs 525 crore (about $70 million at ......
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