Kolkata: Bulk tea major McLeod Russel India Ltd and IL&FS are currently engaged in negotiations towards an out-of-court settlement, which is expected to be reached […]
Category: Enterprise
PSU banks set target for selling flagship government insurance schemes in FY24
Public sector banks (PSBs) have set a target for the sale of flagship government insurance schemes Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan […]
India-EU trade pact to promote economic ties: CII
Signing of free trade agreement between India and the European Union would help promote economic ties between the region and New Delhi. Vice President CII […]
Vedanta in talks with Barclays to raise Rs 1,500cr loan
Resources conglomerate Vedanta is in talks with Barclays Bank PLC to syndicate a ₹1,500-crore loan that will be used for repayment of existing debt and […]
Fasal ties up with SBI to help farmers get easy access to loans
Agri-tech company Fasal on Thursday announced its partnership with State Bank of India (SBI), aimed to provide farmers with easy access to capital. The partnership […]
RBI begins evaluating potential bidders for IDBI Bank
The Reserve Bank of India (RBI) has begun evaluating at least five potential bidders interested in picking up a majority stake in state-owned IDBI Bank […]
Apax, CVC Capital, TH Lee bid for Blackstone’s 32% stake in IBS Software
Private equity groups Apax Partners, CVC Capital, and Thomas H. Lee Partners (TH Lee) are vying to acquire a minority stake in IBS Software, a […]
Karnataka Bank authorised to collect direct, indirect taxes
Private sector lender Karnataka Bank has been authorised to collect direct and indirect taxes on behalf of the Central Board of Direct Taxes (CBDT) and […]
Canara Bank, Bharat BillPay tie up for cross border bill payments for Indian diaspora in Oman
Canara Bank and NPCI Bharat BillPay Ltd (NBBL) have announced the launch of cross-border inward bill payment services for Indians based in Oman. NRIs can […]
UBS weighs retaining Credit Suisse unit serving India’s rich
UBS Group AG is considering retaining Credit Suisse Group AG’s private banking unit in India after the emergency rescue of its smaller rival last month, […]