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

Manufacturing

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 ...

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

General

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 ...

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

Markets

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...

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

Finance

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...

PE-backed Adlabs Entertainment dragged to bankruptcy court

Consumer

PE-backed Adlabs Entertainment dragged to bankruptcy court

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

RBI lifts lending curbs on Allahabad Bank, two other lenders

Finance

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 ...

Government to inject $3.4 bn into state-run banks

General

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 ...