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CX Partners exits seven-year bet on private sector bank

Finance

11 December, 2018

CX Partners exits seven-year bet on private sector bank

CX Partners has sold its entire stake in South Indian Bank Ltd, after having initially invested in the private sector ......

Pro-demonetisation bureaucrat Shaktikanta Das appointed RBI governor

Finance

11 December, 2018

Pro-demonetisation bureaucrat Shaktikanta Das appointed RBI governor

Former economic affairs secretary Shaktikanta Das has been appointed as the new governor of the Reserve Bank of India, reported...

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GSK Velu-backed Stakeboat resizes debut PE fund, to mark final close by March

Finance

11 December, 2018

GSK Velu-backed Stakeboat resizes debut PE fund, to mark final close by March

Stakeboat Capital, a mid-market private equity firm backed and launched by serial healthcare entrepreneur GSK Velu, is reducing...

US pension fund TIAA buys stake in social impact investor Aavishkaar-Intellecap

Finance

11 December, 2018

US pension fund TIAA buys stake in social impact investor Aavishkaar-Intellecap

Pension fund Teachers Insurance and Annuity Association of America (TIAA) has invested around $32 million (Rs 230 crore) for about...

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IDFC invites fresh bids for broking & investment banking unit

Finance

11 December, 2018

IDFC invites fresh bids for broking & investment banking unit

Listed non-banking financial company IDFC Ltd has invited fresh bids for its securities broking and investment banking business...

Vijay Mallya should be extradited to India, rules British court

Finance

10 December, 2018

Vijay Mallya should be extradited to India, rules British court

Indian tycoon Vijay Mallya should be extradited from Britain to India to face fraud charges resulting from the collapse of ......

RBI governor Urjit Patel quits amid friction with govt over autonomy

Finance

10 December, 2018

RBI governor Urjit Patel quits amid friction with govt over autonomy

Reserve Bank of India governor Urjit Patel on Monday announced that he would be leaving the post with immediate effect. "On...

Faering Capital invests in auto finance firm WheelsEMI's Series B round

Finance

10 December, 2018

Faering Capital invests in auto finance firm WheelsEMI's Series B round

WheelsEMI Pvt. Ltd, a non-banking financial company (NBFC) which provides financing for pre-owned two-wheelers, has raised Rs...

Kotak Mahindra Bank challenges RBI decision on stake reduction plan

Finance

10 December, 2018

Kotak Mahindra Bank challenges RBI decision on stake reduction plan

Kotak Mahindra Bank Ltd said on Monday it had challenged in court the central bank's decision to not allow its ......

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NBFCs are here to stay but need to build niches: U Gro Capital's Shachindra Nath

Finance

07 December, 2018

NBFCs are here to stay but need to build niches: U Gro Capital's Shachindra Nath

Shachindra Nath quit as group chief executive officer of Religare Enterprises Ltd in 2016 after more than 15 years at ......

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