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Resurgence PE, Jacob Ballas take deep haircut from private-sector lender

Finance

05 March, 2020

Resurgence PE, Jacob Ballas take deep haircut from private-sector lender

Private equity firms Jacob Ballas and Resurgence PE Investments, which manages the now-inactive Avigo Capital’s legacy portfolio,...

Julius Baer picks IIFL exec to head India wealth management unit

Finance

05 March, 2020

Julius Baer picks IIFL exec to head India wealth management unit

Julius Baer Wealth Advisors (India), the domestic wealth management arm of the Swiss private banking group, has roped in a ......

IFC to make debt investment in poultry firm Suguna

Consumer

05 March, 2020

IFC to make debt investment in poultry firm Suguna

International Finance Corporation (IFC) plans to offer up to $54 million (around Rs 397 crore) in debt to poultry company ......

Govt pushes state banks to boost lending as coronavirus fears grow

Finance

05 March, 2020

Govt pushes state banks to boost lending as coronavirus fears grow

India is pushing state-run banks to approve new loans amounting to 500-600 billion rupees ($6.8-8.2 billion) by the end of ......

Insolvency court orders to liquidate fugitive Nirav Modi's scam-hit firm

Finance

04 March, 2020

Insolvency court orders to liquidate fugitive Nirav Modi's scam-hit firm

Fugitive diamantaire Nirav Modi's firm Firestar Diamond International Pvt. Ltd is set to be liquidated after the Mumbai bench...

Blackstone's Schwarzman on India optimism, coronavirus impact and Fed's rate cut

Finance

04 March, 2020

Blackstone's Schwarzman on India optimism, coronavirus impact and Fed's rate cut

Blackstone Group Inc. is positive about India’s long-term growth story despite the recent economic slowdown and the ongoing...

PE-backed SBI Cards' IPO subscribed 15.5 times on third day

Finance

04 March, 2020

PE-backed SBI Cards' IPO subscribed 15.5 times on third day

SBI Cards & Payment Services Ltd’s initial public offering received full subscription on the third day on Wednesday,...

Cred, Rebel Foods backer RTP Global floats third venture capital fund

Finance

04 March, 2020

Cred, Rebel Foods backer RTP Global floats third venture capital fund

Russian venture capital firm RTP Global, which has invested in Indian startups such as Cred and Rebel Foods, said it ......

Norway wealth fund to push firms for more non-financial data

Finance

04 March, 2020

Norway wealth fund to push firms for more non-financial data

Norway's wealth fund will this year push the 9,200 firms it invests in to provide more and better data about ......

India services growth at seven-year high in February on strong export demand

Finance

04 March, 2020

India services growth at seven-year high in February on strong export demand

Growth in India’s dominant service sector accelerated at a pace not seen in over seven years last month, boosted by ......

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