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SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale

Finance

02 December, 2021

SBI puts Rs 4,000 cr loan exposure in KSK Mahanadi up for sale

State Bank of India, the country’s largest public sector lender, has put loans worth Rs 4101.87 crore ($547 million) in ......

RBI takes control of Anil Ambani-owned Reliance Capital, to push for insolvency

Finance

29 November, 2021

RBI takes control of Anil Ambani-owned Reliance Capital, to push for insolvency

The Reserve Bank of India (RBI) has superseded the Board of businessman Anil Ambani-owned Reliance Capital Ltd, and will soon ......

Singapore's Broad Peak, Brescon partner for $300 mn special situation investment in India

Finance

23 November, 2021

Singapore's Broad Peak, Brescon partner for $300 mn special situation investment in India

Singapore-based Broad Peak Investment Advisors Pvt Ltd (Broad Peak) has entered into a strategic partnership with Brescon & Allied Partners ......

Former SBI chairman, Alchemist ARC promoter booked in loan scam case

Finance

01 November, 2021

Former SBI chairman, Alchemist ARC promoter booked in loan scam case

Rajasthan’s Jaisalmer police have arrested ex-State Bank of India (SBI) chairman Pratip Chaudhuri in relation to a loan scam case ......

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Mumbai-based mobile wallet firm becomes second fintech to go insolvent

TMT

22 October, 2021

Mumbai-based mobile wallet firm becomes second fintech to go insolvent

At a time when the fintech sector is flush with funds, and firms like Paytm, PhonePe and Mobikwik are in ......

9Unicorns-backed LegalPay bails out hospital firm under IBC with interim finance

Finance

21 October, 2021

9Unicorns-backed LegalPay bails out hospital firm under IBC with interim finance

9Unicorns-backed tech-based litigation financing start-up LegalPay on Thursday said it is offering interim finance toYashomati Hospitals Pvt Ltd under the ......

After DHFL, central bank set to drag Srei group's two financial arms to bankruptcy

Finance

04 October, 2021

After DHFL, central bank set to drag Srei group's two financial arms to bankruptcy

After Dewan Housing Finance Corporation Ltd (DHFL), the Indian banking regulator is set to push two other non-bank lenders - ......

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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) ......

Piramal aims to reduce the wholesale loan book of DHFL after merger

Finance

29 September, 2021

Piramal aims to reduce the wholesale loan book of DHFL after merger

After Piramal Capital and Housing Finance Ltd (PCHFL) merges with Dewan Housing Finance Corporation Ltd, the combined entity will aim ......

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Stressed assets wrap: Resolutions nosedive; withdrawals and admitted cases soar in Aug

Finance

03 September, 2021

Stressed assets wrap: Resolutions nosedive; withdrawals and admitted cases soar in Aug

Three large deals stole the news, with one Jayaswal Neco Industries witnessing closure while two big resolution plans – Jet ......