Mumbai: HDFC Bank shares slumped 8.4% on Wednesday – its biggest single-day drop since March 2020 – as concerns over the bank’s future profitability triggered a sharp sell-off. The private …
Mumbai: Creditors to Gayatri Projects (GPL), promoted by former Rajya Sabha MP T Subbarami Reddy, have voted to initiate liquidation proceedings against the company after rejecting the only bid from …
Mumbai: State Bank of India (SBI) has raised $1 billion, or double the amount originally envisaged, in an offshore syndicated loan arranged by HSBC and subscribed by lenders across continents, …
Mumbai: Small businesses, caught between late payments and stressful paperwork, will see borrowing costs dip if the Reserve Bank of India (RBI) accepts a suggestion by high-street banks. Banks have …
Mumbai: Surat-based Eagle Group has received lenders’ go-ahead for buying the insolvent textile company Sumeet Industries. Lenders led by Bank of Baroda voted for Eagle’s ₹231-crore plan that includes upfront …
Mumbai: A slew of initial public offerings (IPOs) by small lenders and finance companies is in the offing as strong investor appetite and regulatory requirements are prompting these firms to …
Mumbai: Lenders to the debt-laden textile company Sumeet Industries are in negotiations with the Gujarat-based Gajera Group to improve its offer after its initial bid to take over the company …
Mumbai: CFM ARC Thursday improved the bid amount to acquire the debt of distressed Vidarbha Industries Power and deposited the ₹1,265-crore bid price, representing 49% recovery for the lenders. Vidarbha …
Mumbai: Promoters of Jindal Steel and Power Ltd ( JSPL) led by industrialist Naveen Jindal are in exploratory talks with large global private credit funds and foreign banks to raise …