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Finance

Stay updated with the latest financial news, funding developments, government policies, and insights shaping the finance sector in India.

Lazard axes 200 jobs as profit falls amid dealmaking slowdown

Finance

01 November, 2019

Lazard axes 200 jobs as profit falls amid dealmaking slowdown

Lazard Ltd said on Thursday it had axed about 200 employees after a review of its business, as the investment ......

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Inside a Canadian firm's dispute against SSG Capital over a fraud-hit Indian company

Finance

01 November, 2019

Inside a Canadian firm's dispute against SSG Capital over a fraud-hit Indian company

Canadian financial services firm Kyko Global has been fighting a lawsuit in a US court against investment firm SSG Capital ......

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Former Aditya Birla PE top exec to venture into advisory services

Finance

01 November, 2019

Former Aditya Birla PE top exec to venture into advisory services

A former top executive of Aditya Birla Private Equity, part of the Kumar Mangalam Birla-led diversified group, is launching an...

Slowdown worsens as factory growth sinks, jobless rate jumps in October

Economy

01 November, 2019

Slowdown worsens as factory growth sinks, jobless rate jumps in October

India’s factory activity growth hit a two-year low in October as new orders and output rose at a slower pace, ......

Emkay Global hires former Enam AMC exec as CEO of investment management arm

Finance

31 October, 2019

Emkay Global hires former Enam AMC exec as CEO of investment management arm

Emkay Global Financial Services Ltd has appointed Vikas Sachdeva as the new chief executive officer at unit Emkay Investment Managers...

RBI asks banks to probe alleged data leak of 1.3 mn cards

Finance

31 October, 2019

RBI asks banks to probe alleged data leak of 1.3 mn cards

The Reserve Bank of India (RBI) has asked banks to ensure customers’ debit and credit card data is secure and ......

Yes Bank gets binding bid for $1.2 bn from global investor

Finance

31 October, 2019

Yes Bank gets binding bid for $1.2 bn from global investor

Yes Bank Ltd said on Thursday it has received a binding offer from a global investor to inject as much ......

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How much is KKR raking in as it nears full exit from SBI Life?

Finance

31 October, 2019

How much is KKR raking in as it nears full exit from SBI Life?

KKR & Co. has recorded benchmark returns by selling more stake in an Indian insurer in what has been the ......

PE-backed Ess Kay Fincorp to raise $40 mn in debt funding from FMO

Finance

31 October, 2019

PE-backed Ess Kay Fincorp to raise $40 mn in debt funding from FMO

Non-banking finance company Ess Kay Fincorp Ltd is set to raise $40 million (Rs 283.21 crore at current exchange rates) ......

US Fed cuts interest rates, signals it is on hold

Economy

31 October, 2019

US Fed cuts interest rates, signals it is on hold

The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite ......

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