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Sensex, Nifty slump for second week as Yes Bank woes drag financial stocks down

Markets

06 March, 2020

Sensex, Nifty slump for second week as Yes Bank woes drag financial stocks down

Indian stocks slumped on Friday with banks and non-bank companies dropping after the Reserve Bank of India’s decision to impose ......

Nifty, Sensex slump 2% after dismal growth data

Markets

03 September, 2019

Nifty, Sensex slump 2% after dismal growth data

Indian shares plunged 2% on Tuesday in a broad-based selloff, as investors fretted over data that showed the economy grew ......

Govt unveils big-bang plan to merge state-run banks

Finance

30 August, 2019

Govt unveils big-bang plan to merge state-run banks

The government will merge 10 state-run banks into four as part of a big consolidation drive to clean up the ......

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UV ARC acquires cement maker's debt to expand mid-market operations

Manufacturing

01 July, 2019

UV ARC acquires cement maker's debt to expand mid-market operations

UV Asset Reconstruction Company Ltd is close to acquiring the entire debt of a distressed cement manufacturing company, as it ......

Premium
ARCs, stressed asset investors look for deals as banks auction $3.6 bn of bad loans

Finance

19 March, 2019

ARCs, stressed asset investors look for deals as banks auction $3.6 bn of bad loans

Asset reconstruction companies (ARCs) and other investors may pursue distressed assets more actively in coming weeks as banks auction more ......

Government to inject $3.4 bn into state-run banks

General

19 July, 2016

Government to inject $3.4 bn into state-run banks

The government said on Tuesday it is infusing Rs 22,915 crore ($3.4 billion) in 13 state-run banks in the current ......