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Once-iconic textile firm enters bankruptcy to weave its way out of crisis

Manufacturing

14 July, 2020

Once-iconic textile firm enters bankruptcy to weave its way out of crisis

A textile company that owns a once-iconic saree brand is the latest to enter bankruptcy proceedings after a Mumbai-based asset ......

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Coronavirus disruption pulls down M&A volumes to eight-year low in Jan-March

General

02 April, 2020

Coronavirus disruption pulls down M&A volumes to eight-year low in Jan-March

The volume of mergers and acquisitions (M&As) for Indian corporates declined to the lowest level in eight years in the ......

Sensex, Nifty slump for second week as Yes Bank woes drag financial stocks down

Markets

06 March, 2020

Sensex, Nifty slump for second week as Yes Bank woes drag financial stocks down

Indian stocks slumped on Friday with banks and non-bank companies dropping after the Reserve Bank of India’s decision to impose ......

Govt unveils big-bang plan to merge state-run banks

Finance

30 August, 2019

Govt unveils big-bang plan to merge state-run banks

The government will merge 10 state-run banks into four as part of a big consolidation drive to clean up the ......

PE-backed Adlabs Entertainment dragged to bankruptcy court

Consumer

07 June, 2019

PE-backed Adlabs Entertainment dragged to bankruptcy court

Weeks after private equity firm ICICI Venture exited Adlabs Entertainment Ltd with a huge haircut, a lender to the theme ......

RBI lifts lending curbs on Allahabad Bank, two other lenders

Finance

27 February, 2019

RBI lifts lending curbs on Allahabad Bank, two other lenders

The Reserve Bank of India (RBI) lifted regulatory constraints on three banks on Tuesday after they received a capital injection ......

Government to inject $3.4 bn into state-run banks

General

19 July, 2016

Government to inject $3.4 bn into state-run banks

The government said on Tuesday it is infusing Rs 22,915 crore ($3.4 billion) in 13 state-run banks in the current ......