Punjab National Bank
Finance
PNB expects recoveries worth $1 bn in three months' time
State-owned Punjab National Bank (PNB) is expecting recoveries worth Rs 8,000 crore ($1.05 billion at current exchange rate) from large ......
Finance
Banks weigh Sashakt panel-proposed fund to turn around stressed assets
Indian banks have revived discussions on setting up an asset management company and an alternative investment fund of around Rs ......
Finance
Carlyle-backed PNB Housing appoints SBI veteran as interim CEO
PNB Housing Finance Ltd said on Tuesday it has appointed Neeraj Vyas as its interim managing director and chief executive ......
General
Small businesses struggle to pay wages amid coronavirus lockdown
Hundreds of thousands of cash-starved Indian small businesses have either deferred or cut their workers’ wages this month, say industrialists ......
Healthcare
Dhanuka Laboratories takes over Orchid Pharma under insolvency plan
Dhanuka Laboratories Ltd has taken over Orchid Pharma Ltd as per an insolvency resolution plan that was approved by courts ......
General
Grapevine: Jindal India Thermal Power's lenders reject promoters' resolution offer
Jindal India Thermal Power’s 17-member lenders’ consortium has rejected the promoters debt resolution offer that proposes to pay Rs 2,450 ......
Finance
Insolvency court orders to liquidate fugitive Nirav Modi's scam-hit firm
Fugitive diamantaire Nirav Modi's firm Firestar Diamond International Pvt. Ltd is set to be liquidated after the Mumbai bench of ......
Manufacturing
Kotak stressed assets fund pulls Jindal Stainless out of debt rejig
The distressed assets fund of Kotak Investment Advisors announced its debut deal with a Rs 500 crore ($69 million) investment ......
Finance
SEBI fines Gitanjali Gems for withholding information in $2 bn PNB bank fraud
India's securities regulator on Thursday fined jewellery retailer Gitanjali Gems Ltd and its executives 50 million rupees ($695,700) for failing ......
General
Fugitive diamond magnate Nirav Modi's rare art collection to be auctioned
The seized assets of Indian diamond magnate Nirav Modi, arrested in Britain last year over fraud allegations, will be auctioned ......
