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Three lenders trim stake in Yes Bank within two weeks of investment

Finance

23 April, 2020

Three lenders trim stake in Yes Bank within two weeks of investment

Three private-sector banks, which had pitched in to save Yes Bank from the brim of a collapse last month, have ......

Sensex, Nifty rise on signs of slowing virus spread in hot spots; pharma shares jump

Markets

07 April, 2020

Sensex, Nifty rise on signs of slowing virus spread in hot spots; pharma shares jump

Indian shares recorded their biggest single-day gain in over a decade on Tuesday on signs of progress against the coronavirus ......

Sensex, Nifty post seventh straight weekly decline

Markets

03 April, 2020

Sensex, Nifty post seventh straight weekly decline

Indian shares ended lower on Friday as coronavirus cases crossed 2,000 in Asia's third-largest economy, while oil prices advanced on ......

Grapevine: Bain faces margin calls as Axis Bank shares fall; VCs set up corona fund

General

31 March, 2020

Grapevine: Bain faces margin calls as Axis Bank shares fall; VCs set up corona fund

Private equity investor Bain Capital is facing margin calls from three lenders -- JPMorgan, Citi and Nomura -- as the ......

Grapevine: Carlyle, Brookfield, Tilden Park Capital may eye Yes Bank

General

23 March, 2020

Grapevine: Carlyle, Brookfield, Tilden Park Capital may eye Yes Bank

Troubled private sector lender Yes Bank may attract interest from a clutch of foreign investors as part of a massive ......

Sensex, Nifty tumble over 5% as virus fears linger

Markets

18 March, 2020

Sensex, Nifty tumble over 5% as virus fears linger

Indian shares skidded over 6% in the waning moments of trading on Wednesday, with financial stocks suffering the most, as ......

Cabinet clears Yes Bank rescue plan; ICICI, Axis, Kotak, HDFC to pitch in

Finance

13 March, 2020

Cabinet clears Yes Bank rescue plan; ICICI, Axis, Kotak, HDFC to pitch in

The Union Cabinet has approved a reconstruction plan for Yes Bank, finance minister Nirmala Sitharaman said on Friday, as the ......

Grapevine: 4 banks, others to Yes Bank rescue; Walmart India insider to be CEO

General

13 March, 2020

Grapevine: 4 banks, others to Yes Bank rescue; Walmart India insider to be CEO

State Bank of India or SBI will be joined by private-sector lenders ICICI Bank, HDFC Bank, Axis Bank and Kotak ......

Premium
Max Group's share swap deal with Japanese insurer back on the table

Finance

28 February, 2020

Max Group's share swap deal with Japanese insurer back on the table

Analjit Singh-led Max Group has revived a share swap deal with Japanese insurer Mitsui Sumitomo Insurance Company Ltd, less than ......

Axis Bank mulls deeper tie-up with Max Life, may hike stake

Finance

21 February, 2020

Axis Bank mulls deeper tie-up with Max Life, may hike stake

Axis Bank, the country’s third-largest private-sector lender, said on Thursday it is exploring a long-term strategic partnership with Max Life ......