State Bank of India
Finance
Why the govt's lending push could come back to bite the banking sector
Deen Dyal, who runs a tea stall on the outskirts of New Delhi, was beaming when he walked out of ......
Finance
SBI to trim stake in UTI Mutual Fund via IPO
Top lender State Bank of India on Wednesday approved the sale of an up to 8.25% stake in mutual fund ......
Markets
Sensex, Nifty rise as US-China trade hopes boost sentiment
Indian shares ended higher on Wednesday tracking global equity markets, as upbeat comments by US President Donald Trump that Washington...
Manufacturing
Supreme Court clears decks for ArcelorMittal to buy Essar Steel
The Supreme Court has cleared the decks for global steel giant ArcelorMittal SA’s Rs 42,000 crore ($5.85 billion) acquisition of ......
General
Grapevine: Investec eyes SBI Caps stake; SoftBank sets 5-year IPO deadline for Paytm
The local unit of South African financial services group Investec is leading the race to buy a stake in State ......
General
Grapevine: Hero Corp may buy into Max Financial; Tencent picks up Policybazaar stake
Sunil Kant Munjal’s Hero Corp is looking to buy a significant minority stake from Analjit Singh in Max Financial Services...
Infrastructure
Govt approves $1.4 bn for fund to help stalled housing projects
India’s cabinet has approved 100 billion rupees ($1.4 billion) for a fund to help clear stalled housing projects, Finance...
Finance
CBI registers 42 new bank fraud cases totalling $1 bn
India’s federal police said on Tuesday that they had registered 42 new cases of bank fraud amounting to about 72 ......
Finance
Why banks are slowing bad-loan sales to asset reconstruction companies
Indian banks have slowed the pace of selling bad loans to asset reconstruction companies (ARCs), as they work on other ......
Markets
Nifty, Sensex close lower for the week
Indian shares eked out minor gains on Friday ahead of a local holiday, as a rally in State Bank of ......
