State Bank of India
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...
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...
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 ......
Finance
Three lenders trim stake in Yes Bank within two weeks of investment
Three private-sector banks, which had pitched in to save Yes Bank from the brim of a collapse last month, have ......
Finance
Bank mergers keep financial sector in focus but PE deals slip again in Jan-March
India’s banking, financial services and insurance (BFSI) sector recorded seven big mergers in the first quarter of 2020...
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 ......
Manufacturing
Suzlon Energy gets lenders' nod for debt resolution plan
Debt-laden Suzlon Energy Ltd’s resolution plan under the central bank’s Intercreditor Agreement (ICA) has received...
Economy
RBI slashes interest rates as coronavirus lockdown hits economy
The Reserve Bank of India on Friday slashed interest rates by 75 basis points to revive economic growth hit by ......
Finance
Yes Bank plans to raise $666 mn more after govt bailout
Yes Bank plans to raise up to Rs 5,000 crore ($666 million) to strengthen its capital base after the government ......
Markets
Nifty, Sensex clock best day since 2009 on $2 trillion US stimulus package
Indian shares surged to their best single-day percentage gain in over a decade on Wednesday, as a massive stimulus in ......
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