Health insurance third-party administrator Medi Assist is set to acquire 100% stake in Raksha Insurance TPA in what could be the largest deal in third-party […]
Category: Enterprise
Reliance Capital lenders fear recovery below liquidation value
Lenders of bankrupt Reliance Capital fear their loan recovery could fall below the liquidation value of `12,500-13,000 crore for the financial services company since both […]
SBI sells loan of Atibir Industries to CFM Asset Reconstruction Company
State Bank of India has sold ₹341 crore of principal loan outstanding from bankrupt Atibir Industries to CFM Asset Reconstruction Company for ₹250 crore through […]
CCI clears proposed investment by Qatar Investment Authority in BTS Investment 1 Pte
The Competition Commission of India (CCI) on Thursday said it has approved the proposed investment by Qatar Investment Authority in BTS Investment 1 Pte (BTS1), […]
Canara Bank sells stake in Russian joint venture to SBI for Rs 121 crore
Canara Bank on Thursday said it has sold its stake in Russian joint venture Commercial Indo Bank LLC (CIBL) to the other venture partner State […]
Tijoree Launches Smart & Transparent Banking for India’s Businesses
Tijoree, a fintech neobank, has announced its launch plans as it forays into the corporate neobanking space with its first product – Current Accounts. It […]
Banks again fail to share subsidy with payments service cos
Two months after the National Payments Corporation (NPCI) steering committee decided on distribution of payments subsidy among banks and payment system operators, banks have yet […]
Credit Suisse crisis sends shivers amongst wealthy Indians
The Credit Suisse Group AG crisis is likely to make a dent on the way well-off Indians view international wealth managers, a firm backed by […]
Bank fixed deposit (FD) interest rates could go up further, signals RBI
The intensifying competition among banks to expand their deposit base may force banks to increase fixed deposit rates going ahead, the Reserve Bank of India […]
Shapoorji Pallonji Group creates holding companies for infra and realty verticals to improve cash flows
The Shapoorji Pallonji (SP) Group has embarked on a business financial re-engineering by creating parallel structures for its real estate and infrastructure units under its […]