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NCLT admits petition to initiate resolution against Future Retail

Consumer

20 July, 2022

NCLT admits petition to initiate resolution against Future Retail

The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India’s petition to initiate a ......

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Future Group's lenders reject Reliance offer over valuation

Consumer

22 April, 2022

Future Group's lenders reject Reliance offer over valuation

A clutch of lenders accounting for most of the loans to debt-laden Future Group on Thursday rejected a proposal to ......

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PE-backed personal care and speciality chemical maker enters bankruptcy

Manufacturing

01 October, 2021

PE-backed personal care and speciality chemical maker enters bankruptcy

Fairwinds Private Equity-backed personal care products and speciality chemicals manufacturer has entered bankruptcy as a National Company Law Tribunal (NCLT) ......

India shortlists four banks for potential privatisation

Finance

15 February, 2021

India shortlists four banks for potential privatisation

India's government has shortlisted four mid-sized state-run banks for privatisation, under a new push to sell state assets and shore ......

Bank of India takes full control of mutual fund arm as AXA exits

Finance

03 December, 2020

Bank of India takes full control of mutual fund arm as AXA exits

State-run Bank of India said Thursday it has signed a pact with French multinational AXA Investment Managers Asia Holdings Pvt. ......

Grapevine: IL&FS InvIT gets regulatory nod; Vedanta sole bidder for Videocon stake in Ravva

General

15 September, 2020

Grapevine: IL&FS InvIT gets regulatory nod; Vedanta sole bidder for Videocon stake in Ravva

The capital markets regulator has approved the setting up of IL&FS’ infrastructure investment trust (InvIT) that would take over at ......

Govt plans to sell majority stake in Bank of India, five other state-run banks

Finance

20 July, 2020

Govt plans to sell majority stake in Bank of India, five other state-run banks

India is looking to privatise more than half of its state-owned banks to reduce the number of government-owned lenders to ......

Indian banks shelve fundraising as coronavirus derails markets

Finance

18 March, 2020

Indian banks shelve fundraising as coronavirus derails markets

Two state-owned Indian banks that were aiming to raise funds to meet growth targets and build up capital for regulatory ......

Equifax to buy out SBI, other partners in India joint venture

Finance

15 January, 2020

Equifax to buy out SBI, other partners in India joint venture

US-based consumer credit reporting firm Equifax Inc. is buying the stake held by State Bank of India and its other ......

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Bank of India throws more non-core assets onto chopping block

Finance

05 November, 2019

Bank of India throws more non-core assets onto chopping block

State-run Bank of India has placed two more assets on the chopping block, people in the know told VCCircle, as ......