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Grapevine: Yes Bank, Rabo object to sale of CCD unit; TPG, Advent may invest in Fogg maker

General

01 December, 2020

Grapevine: Yes Bank, Rabo object to sale of CCD unit; TPG, Advent may invest in Fogg maker

The Tata group’s offer to buy the Coffee Day Group’s vending machine business has hit a hurdle with top-two lenders ......

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Yes Bank CEO on tackling NPAs, reviving loan growth and more

Finance

20 November, 2020

Yes Bank CEO on tackling NPAs, reviving loan growth and more

On March 5, Prashant Kumar, then the finance chief of State Bank of India, was tasked with leading troubled lender ......

Lakshmi Vilas Bank put under moratorium, to be merged with DBS

Finance

17 November, 2020

Lakshmi Vilas Bank put under moratorium, to be merged with DBS

Lakshmi Vilas Bank has been put under a moratorium and may be merged with the local unit of Singapore’s DBS ......

Dewan Housing administrator files $1.7 bn fraud case against Kapil Wadhawan, others

Finance

28 September, 2020

Dewan Housing administrator files $1.7 bn fraud case against Kapil Wadhawan, others

The administrator of troubled Dewan Housing Finance Corporation Ltd (DHFL) has filed a case of fraud worth Rs 12,705 crore ......

No funds available: Depositors at PMC Bank survive on loans, charity

Finance

26 August, 2020

No funds available: Depositors at PMC Bank survive on loans, charity

In February, 82-year-old Kishan Lal appealed to India's finance minister for help, saying in a Twitter message he was ready ......

Prashant Khemka's White Oak to acquire India's smallest mutual fund

Finance

21 August, 2020

Prashant Khemka's White Oak to acquire India's smallest mutual fund

White Oak Capital Management, a boutique investment management and advisory firm set up by former Goldman Sachs executive Prashant Khemka, ......

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Shree Renuka Sugars makes final stab at debt, hopes to shake off NPA image at last

Manufacturing

21 August, 2020

Shree Renuka Sugars makes final stab at debt, hopes to shake off NPA image at last

Shree Renuka Sugars, one of the top three sugar makers in India that has been working to shed its non-performing ......

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In stressed assets, it doesn't make sense to get cute with disclosures: Sashakt chief

Finance

07 August, 2020

In stressed assets, it doesn't make sense to get cute with disclosures: Sashakt chief

In May 2020, two people in the know told VCCircle that lenders are reconsidering the option of a so-called “bad ......

Grapevine: Everstone to invest in Wow Skin; DST Global to pump money in Byju's

General

04 August, 2020

Grapevine: Everstone to invest in Wow Skin; DST Global to pump money in Byju's

Bootstrapped consumer internet brand Wow Skin Science has held talks with PE major Everstone Group for an investment of up ......

SBI to invest $235 mn more in Yes Bank

Finance

08 July, 2020

SBI to invest $235 mn more in Yes Bank

State Bank of India’s executive committee has approved a further investment of up to Rs 1,760 crore (about $234.8 million) ......