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Anshu Jain-backed InCred raises big Series A funding round from FMO, others

Finance

29 April, 2019

Anshu Jain-backed InCred raises big Series A funding round from FMO, others

InCred Financial Services Ltd said it has raised Rs 600 crore ($86 million at current exchange rate) -- significantly big ......

French bank SocGen to slash 1,600 jobs in bid to boost profits

Finance

09 April, 2019

French bank SocGen to slash 1,600 jobs in bid to boost profits

Societe Generale plans to cut 1,600 jobs, mainly at its corporate and investment banking arm, in an attempt to boost ......

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Foreign investor commits capital to Anshu Jain-backed InCred Finance

Finance

18 February, 2019

Foreign investor commits capital to Anshu Jain-backed InCred Finance

InCred Finance, a non-banking financial company (NBFC) backed by private equity firms and former Deutsche Bank co-chief executive Anshu Jain, ......

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Veteran equity capital market I-banker joins conglomerate

Finance

16 November, 2018

Veteran equity capital market I-banker joins conglomerate

A veteran investment banker has moved to join a diversified Indian conglomerate as the financial chief of its wholly-owned subsidiary. Sanjay ......

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How the pecking order of foreign banks is changing in India

Finance

28 September, 2018

How the pecking order of foreign banks is changing in India

Foreign banks operating in India are in a better position than their domestic peers when it comes to toxic assets ......

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How PE funds, foreign banks are changing tack in battle for stressed assets

Finance

03 August, 2018

How PE funds, foreign banks are changing tack in battle for stressed assets

When Indian authorities started cracking down on banks’ bad loans two years ago, several private equity firms and stressed assets ......

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Top Edelweiss executive quits to join Gunit Chadha's NBFC

People

07 June, 2018

Top Edelweiss executive quits to join Gunit Chadha's NBFC

A top executive of financial services conglomerate Edelweiss Group is set to join the non-banking financial company (NBFC) recently started ......

Deutsche Bank to slash thousands of jobs globally in investment bank revamp

Finance

24 May, 2018

Deutsche Bank to slash thousands of jobs globally in investment bank revamp

Deutsche Bank said on Thursday it will reduce global staff levels to well below 90,000 from the current 97,000, as ......

Deutsche Bank acquires fintech startup Quantiguous Solutions

TMT

15 May, 2018

Deutsche Bank acquires fintech startup Quantiguous Solutions

Deutsche Bank has acquired Mumbai-based software firm Quantiguous Solutions for an undisclosed sum, the bank said in a media statement. ......

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An accidental lawyer, Phoenix Legal's Sawant Singh is a star in his own right

People

31 January, 2018

An accidental lawyer, Phoenix Legal's Sawant Singh is a star in his own right

As a teenager, Sawant Singh found it hard to resist the glitz and glam surrounding the make-believe world of Bollywood, ......