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

Blackstone raising at least $3 bn in first Asia private equity fund

Finance

20 July, 2017

Blackstone raising at least $3 bn in first Asia private equity fund

Blackstone Group LP is seeking to raise up to $3 billion in its first Pan-Asia buyout fund for investments in ......

Sumitomo Mitsui Trust Bank exits Reliance Capital

Finance

19 July, 2017

Sumitomo Mitsui Trust Bank exits Reliance Capital

Japan’s Sumitomo Mitsui Trust Bank Ltd on Wednesday sold its entire stake in Anil Ambani-controlled Reliance Capital Ltd, exiting its ......

Banks face $37 bn hit from top 50 stressed assets, says CRISIL

Finance

19 July, 2017

Banks face $37 bn hit from top 50 stressed assets, says CRISIL

Indian banks may have to write off 60 percent of the value of bad loans from their 50 large stressed ......

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PE-backed firm in advanced talks for Religare's housing finance arm

Finance

19 July, 2017

PE-backed firm in advanced talks for Religare's housing finance arm

Religare Enterprises Ltd has received interest for its housing finance arm from a potential buyer that is backed by a ......

How bets on Uber and other unicorns hurt mutual fund giant Fidelity

Finance

19 July, 2017

How bets on Uber and other unicorns hurt mutual fund giant Fidelity

Fidelity's bets on unicorn companies, the rare private firm or startup that grows in value to at least $1 billion, ......

KKR files for bankruptcy against Amtek Global; Blackstone buys Carnival property

Finance

19 July, 2017

KKR files for bankruptcy against Amtek Global; Blackstone buys Carnival property

Private equity giant KKR has initiated bankruptcy proceedings against the Singaporean subsidiary of debt-laden auto component manufacturer Amtek Auto Ltd, ......

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Sumitomo Mitsui Trust Bank to exit Reliance Capital

Finance

18 July, 2017

Sumitomo Mitsui Trust Bank to exit Reliance Capital

Japan’s Sumitomo Mitsui Trust Bank Ltd will sell its entire stake in Anil Ambani-controlled Reliance Capital Ltd, exiting its two-year-old ......

Essel Finance arm to acquire part of Intec Capital's loan portfolio

Finance

18 July, 2017

Essel Finance arm to acquire part of Intec Capital's loan portfolio

Essel Finance Business Loans Ltd, the non-banking finance arm of Essel Finance Ltd, said on Tuesday it plans to acquire ......

P&C Legal rebrands as Jerome Merchant + Partners

Finance

18 July, 2017

P&C Legal rebrands as Jerome Merchant + Partners

Sajan PoovayyaMumbai-based boutique M&A, corporate finance and real estate advisory firm P&C Legal has rebranded as Jerome Merchant + ......

Banks need $2.8 bn extra provisioning for bankruptcy cases, says India Ratings

Finance

18 July, 2017

Banks need $2.8 bn extra provisioning for bankruptcy cases, says India Ratings

Indian banks taking 12 of the country's largest defaulters to bankruptcy court under a central bank directive, will need to ......

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