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IndusInd Bank calls off acquisition of IL&FS' securities services arm

Finance

13 November, 2018

IndusInd Bank calls off acquisition of IL&FS' securities services arm

Private-sector lender IndusInd Bank Ltd has terminated its agreement to acquire IL&FS Securities Services Ltd (ISSL) from debt-laden parent Infrastructure ......

PNB MetLife India Insurance gets SEBI nod to float IPO

Finance

05 November, 2018

PNB MetLife India Insurance gets SEBI nod to float IPO

PNB MetLife India Insurance Co. Ltd, which is among India’s top 10 life insurers by market share, has received regulatory ......

 PE-backed Aavas Financiers' IPO crosses one-fourth mark on second day

Finance

26 September, 2018

PE-backed Aavas Financiers' IPO crosses one-fourth mark on second day

The initial public offering (IPO) of home-loan company Aavas Financiers Ltd crossed the one-fourth mark on the second day on ......

IFC plans $150 mn debt investment in HDFC Bank's NBFC unit

Finance

17 May, 2018

IFC plans $150 mn debt investment in HDFC Bank's NBFC unit

International Finance Corporation (IFC), the private-sector investment arm of World Bank, is planning to make a senior debt investment of ......

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IFC-backed Angel Broking explores fundraising options, including IPO

Finance

10 April, 2018

IFC-backed Angel Broking explores fundraising options, including IPO

Stockbroking and wealth management firm Angel Broking Pvt. Ltd is weighing various fundraising options, including a listing on the stock ......

ICICI Bank's stock brokerage unit gets SEBI nod for IPO

Finance

05 February, 2018

ICICI Bank's stock brokerage unit gets SEBI nod for IPO

ICICI Bank Ltd, the country’s largest private sector bank by assets, has received approval from the markets regulator to list ......

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Flashback 2017: NPA woes drag banks; MF inflows, insurance IPOs boost sentiment

Finance

21 December, 2017

Flashback 2017: NPA woes drag banks; MF inflows, insurance IPOs boost sentiment

Mounting bad loans haunted banks in 2017 and a couple of high-profile mergers collapsed, but a bunch of initial public ......

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Norwest scores back-to-back multi-bagger exit from India portfolio firm

Finance

29 November, 2017

Norwest scores back-to-back multi-bagger exit from India portfolio firm

Multi-stage private investment firm Norwest Venture Partners has harvested handsome returns from its five-year-old investment in a Chennai-based financial services ......

ICICI Bank to float IPO of stock brokerage unit

Finance

07 November, 2017

ICICI Bank to float IPO of stock brokerage unit

ICICI Bank Ltd, the country’s largest private-sector bank by assets, said on Tuesday its board has approved taking unit ICICI ......

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A decade after striking gold, why are Malvinder & Shivinder Singh on garage sale?

Healthcare

28 September, 2017

A decade after striking gold, why are Malvinder & Shivinder Singh on garage sale?

One of India’s richest business families is selling the family silver. Well, sort of.On 19 July, VCCircle first reported that ......