Six New Umbrella Entity (NUE) hopefuls, including Facebook, Google and Amazon, have failed to present any innovative solution due to which efforts to build an […]
Category: Enterprise
SP Group looks to raise $1.75 billion against Tata stake
The Shapoorji Pallonji (SP) Group, the single largest shareholder of Tata Sons, is in talks to raise $1.75 billion by pledging the remaining half of […]
Investment bankers get USD 261.5 million in Q1 despite fall in deal making activities: Report
Despite a massive fall in deal making in the March quarter, deal makers laughed their way to the bank with USD 261.5 million in investment […]
Bank of Maharashtra logs 30% loan growth; total business crosses Rs 4 lakh crore in Q4
State-owned Bank of Maharashtra (BoM) on Wednesday said it has posted a credit growth of 29.59 per cent at Rs 1.75 lakh crore for the […]
Bandhan Bank’s total deposits rise 12.2 pc in Q4 FY23
Bandhan Bank’s total deposits in the fourth quarter of last fiscal stood at Rs 1,08,069 crore, registering a rise of 12.2 per cent over the […]
Goods exports touch $447 billion in FY23, says Minister Piyush Goyal
India’s goods exports touched $447 billion till the last count for 2022-23 fiscal year against $422 billion in 2021-22, commerce and industry minister Piyush Goyal […]
I&B industry got ₹1,535-crore FDI in October-December quarter: DPIIT
The information and broadcasting industry received foreign direct investment (FDI) of Rs 1,535.2 crore during the quarter ended December 2022, data from the Department for […]
Bank of Baroda stops clearing payment for above-cap Russian oil
India’s Bank of Baroda has stopped clearing payments for Russian oil sold above the price cap set by the West from this month, three sources […]
Avanti Finance secures $24 mn equity funding from Rabo Partnerships, IDH Farmfit Fund
Bengaluru-based Avanti Finance has secured $24 million equity funding from Rabo Partnerships, the wholly owned subsidiary of the Rabobank Group focused on financial inclusion and […]
Bank NPAs to improve to decadal low of 3.8pc by FY24-end: Crisil
Banks’ gross non-performing assets (NPAs) will reduce further to a decadal low of 3.8 per cent by end of FY2023-24, credit rating agency Crisil said […]