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Finance
SBI gets new head to wrestle down bad loans worth $17.5 bn
India’s largest lender State Bank of India (SBI) has appointed a new managing director (MD) to manage down gross non-performing...
Finance
Company Watch: Can PE-backed Veritas Finance lift profitability, asset quality?
Veritas Finance Pvt. Ltd was founded in 2015 to finance the “missing middle”. This target segment, located...
Economy
Govt consumption key to demand growth in economy: RBI report
Indian government spending will support the economy during the pandemic, but private consumption will be needed to drive any economic ......
General
Grapevine: PE firms to exit ISP Atria; Blackstone to consolidate office assets
Private equity firms True North and TA Associates, which own more than 90% in India’s largest non-telco internet service...
Finance
Indian School Finance hires new CEO in turnaround effort
Indian School Finance Company Pvt. Ltd (ISFC) has appointed a new managing director and chief executive and also raised fresh...
Finance
Non-bank lender BlackSoil raises more debt capital
Mumbai-based non-banking financial company BlackSoil Capital Pvt. Ltd said Monday it has raised Rs 25 crore ($3.35 million) by...
General
Indian shares near six-month high on coronavirus treatment hopes
Indian shares closed just shy of their six-month highs on Monday, powered by a rally in private-sector banks as more ......
General
Grapevine: Piramal eyes debt from Apollo; GVK in talks with Adani, others for MIAL
Piramal Capital & Housing Finance (PCHF) is looking to raise a loan of up to $500 million (Rs 3,743 crore) ......
Infrastructure
Evaluating more M&As, InvITs to expand capacity: Ayana MD
Earlier this month, Ayana Renewable Power Pvt. Ltd, backed by the UK-based development financier CDC Group Plc, acquired two ......
Manufacturing
Shree Renuka Sugars makes final stab at debt, hopes to shake off NPA image at last
Shree Renuka Sugars, one of the top three sugar makers in India that has been working to shed its non-performing ......
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