General
Dubai-based NRI Yusuffali MA increases stake in Federal Bank to close to 5%
Yusuffali M A, a Dubai-based NRI businessman and the founder of the $5.1 billion Lulu Group which runs one of ......
General
Shriram Capital hikes stake in Shriram City Union Finance to 61.8%
TPG-backed Shriram Capital has raised its holding in the group’s listed consumer finance firm Shriram City Union Finance to 61.8 ......
General
RBI penalises 22 banks for violation of KYC and anti-money laundering norms
The Reserve Bank of India (RBI) has penalised 22 banks for violation of its instructions, including know your customer (KYC) ......
General
Jagaran Microfin to raise close to $16.7M in FY14
Kolkata-headquartered Jagaran Microfin Pvt Ltd, which is stepping into its fourth year of operation, is looking to raise its first ......
General
Shriram Transport Finance to raise Rs 750 crore through NCD issue
PE-backed Shriram Transport Finance Company Ltd (STFC) has announced the launch of a secured non-convertible debenture (NCD) issue, aggregating Rs ......
Infrastructure
Shriram Properties scouting for stressed assets in its turf, mulls fundraising from PE firms
Shriram Properties Pvt Ltd, the Bangalore-based real estate arm of Shriram Group, is actively looking for acquisitions of stressed real ......
General
SIDBI Ventures makes first close of Samridhi Fund at $58M
SIDBI Ventures, the private investment arm of Small Industries Development Bank of India (SIDBI), has made the first close of ......
General
How do current businesses of 26 banking applicants add up for their licence game?
When Yes Bank and Kotak Mahindra Bank were given banking licences in 2004, the Reserve Bank of India (RBI)’s norms ......
General
Leo Puri is new chief of UTI AMC
After remaining headless for over two years, the board of the country’s oldest and 5th largest mutual fund UTI, approved ......
General
Reliance Capital ropes in Japanese partners for banking foray
Anil Ambani’s flagship financial services company Reliance Capital is bringing Japan's Sumitomo Mitsui Trust Bank (SMTB) and Nippon Life Insurance ......
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