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Grapevine: Ex-Cognizant CEO raising PE fund in America; Acme Solar to sell projects
Former Cognizant chief executive Francisco D’Souza is raising a $1 billion (Rs 7,335 crore) private equity fund in the US...
Finance
Cube Highways ties up debt financing to help buy toll roads
Singapore-based Cube Highways and Infrastructure Pte. Ltd said it has tied up with the State Bank of India (SBI) for ......
Finance
SBI gets new head to wrestle down bad loans worth $17.5 bn
India’s largest lender State Bank of India (SBI) has appointed a new managing director (MD) to manage down gross non-performing...
General
Grapevine: Times Group to sell minority stake in web arm; T Rowe to up UTI Trustee holding
US asset manager T Rowe Price is looking to increase its stake from 26% to 51% in UTI Trustee Company ......
Finance
Banks scramble to beef up defences as coronavirus threatens to sour loan books
Banks across the nation are raising or proposing to raise at least Rs 1.4 trillion ($19 billion) as the industry ......
General
Grapevine: Byju's eyes WhiteHat Jr; SoftBank to exit SBG Cleantech
Learning app Byju’s has expressed its interest to acquire WhiteHat Jr, a new startup focusing on coding for school students...
General
Grapevine: Yes Bank to raise $1.3 bn; Axis Mutual Fund, 2 others lead race for L&T MF
Yes Bank, which was recently rescued by a consortium led by the State Bank of India (SBI), plans to soon ......
Markets
Nifty, Sensex record second straight weekly gain
Indian shares edged higher on Friday, helped by gains in financial stocks and a surge in conglomerate Reliance Industries after...
General
Grapevine: Future group to sell some brands; Adani reconsiders investment plans
Kishore Biyani’s Future group plans to sell some of its prominent in-house brands like Cover Story under its apparel retail...
Markets
Sensex, Nifty rise on Reliance Industries boost, but end week sharply lower
Indian stocks saw broad-based gains on Friday amid rising expectations about an economic stimulus to cushion the impact of the...
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