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Grapevine: VTB may sell Zee stake; Bank of India may sell most shares in JV

General

04 November, 2019

Grapevine: VTB may sell Zee stake; Bank of India may sell most shares in JV

VTB Capital plans to sell 10.71% pledged stake in borrower Zee Entertainment, The Economic Times said, a move that would ......

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State Bank of India looks to exit financial services company

Finance

04 September, 2019

State Bank of India looks to exit financial services company

State Bank of India (SBI), the country's largest lender, has started a process to exit its six-year-old investment in a ......

Khaitan's whirring blades to go quiet as fan maker handed over to liquidator

Manufacturing

27 August, 2019

Khaitan's whirring blades to go quiet as fan maker handed over to liquidator

The bankruptcy tribunal has ordered the liquidation of Khaitan Electricals Ltd, a household name for fans, air coolers and other ......

Wilful defaults in India cross $21 bn in 2018-19

Finance

02 July, 2019

Wilful defaults in India cross $21 bn in 2018-19

India’s state-owned banks had classified 1.50 trillion rupees ($21.76 billion) worth of loans as “wilful defaults” in 2018-19, with the ......

Bank of India to sell stressed assets worth $4.3 bn to ARCs

Finance

16 May, 2019

Bank of India to sell stressed assets worth $4.3 bn to ARCs

Indian government-owned Bank of India plans to put stressed assets worth Rs 30,000 crore (around $4,280 million at current exchange ......

Bank of India invites bids for partial stake in insurance JV

Finance

05 April, 2019

Bank of India invites bids for partial stake in insurance JV

Public sector lender Bank of India has proposed to sell its 25.05% stake in joint venture Star Union Dai-ichi Life ......

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Credit reporting firm Equifax India set to see shareholding churn

Finance

22 February, 2019

Credit reporting firm Equifax India set to see shareholding churn

US-based consumer credit reporting firm Equifax Inc.’s Indian subsidiary is set to go through a churn in its shareholding with ......

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Why the latest capital infusion into ailing government banks may not help much

Finance

21 February, 2019

Why the latest capital infusion into ailing government banks may not help much

On Wednesday, the government approved an infusion of Rs 48,239 crore ($6.8 billion) into 12 state-run banks, as part of ......

Bank of India expects $360 mn from bankruptcy resolution in March quarter

Finance

29 January, 2019

Bank of India expects $360 mn from bankruptcy resolution in March quarter

Central government-owned Bank of India expects to recover around Rs 2,600 crore ($365.6 million) in the quarter ending March 2019 ......

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Job crisis: How India's biggest corporate employers fared in recent years

General

01 October, 2018

Job crisis: How India's biggest corporate employers fared in recent years

In 2014, the Bharatiya Janata Party and its leader Narendra Modi promised to create 100 million new jobs if voted ......