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SWFs, pension funds line up for a stake in Kotak Mahindra Bank

Finance

02 June, 2020

SWFs, pension funds line up for a stake in Kotak Mahindra Bank

Uday Kotak, the promoter and single-largest shareholder of Kotak Mahindra Bank Ltd, sold a 2.8% stake in the private-sector lender ......

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CPPIB's India exposure tops C$10 bn in emerging markets push

Finance

01 June, 2020

CPPIB's India exposure tops C$10 bn in emerging markets push

Canada Pension Investment Plan Board has breached the C$10 billion mark for its exposure to India as it moves towards ......

Grapevine: Google eyes stake in Vodafone Idea; lenders to sell Reliance General Insurance

General

28 May, 2020

Grapevine: Google eyes stake in Vodafone Idea; lenders to sell Reliance General Insurance

Tech giant Google is looking to buy a 5% stake in mobile-phone operator Vodafone Idea Ltd, a media report said. However, ......

Grapevine: Alfanar Group to sell India power projects; BigBasket eyes $200 mn funding

General

26 May, 2020

Grapevine: Alfanar Group to sell India power projects; BigBasket eyes $200 mn funding

Saudi Arabia-based Alfanar Group has tasked JM Financial to look for a buyer for half of its 600 megawatts (MW) ......

Sensex, Nifty erase gains as ICICI leads banks lower

Markets

11 May, 2020

Sensex, Nifty erase gains as ICICI leads banks lower

Indian shares wiped out early gains to close lower on Monday, as a selloff in banking stocks soured optimism around ......

Grapevine: Biyani to sell more stake in Future Retail to Amazon

General

07 May, 2020

Grapevine: Biyani to sell more stake in Future Retail to Amazon

Cash-strapped Kishore Biyani is offering to sell a significant stake in Future Retail to Amazon to pare debt levels. Future Group ......

Nifty, Sensex slip as virus cases spiral; consumer stocks drag

Markets

07 May, 2020

Nifty, Sensex slip as virus cases spiral; consumer stocks drag

Indian shares fell on Thursday led by consumer stocks, as coronavirus cases in the country continued to spike steadily despite ......

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GIC took out $200 mn from Indian BFSI bets, invested more in two private banks in Q1

Finance

06 May, 2020

GIC took out $200 mn from Indian BFSI bets, invested more in two private banks in Q1

Singapore sovereign wealth fund GIC Pte. Ltd shuffled several of its investments in India’s listed banking, financial services and insurance ......

Three lenders trim stake in Yes Bank within two weeks of investment

Finance

23 April, 2020

Three lenders trim stake in Yes Bank within two weeks of investment

Three private-sector banks, which had pitched in to save Yes Bank from the brim of a collapse last month, have ......

Grapevine: KKR mulls Ramky exit; Amazon may buy Milkbasket; Kotak may raise funds

General

21 April, 2020

Grapevine: KKR mulls Ramky exit; Amazon may buy Milkbasket; Kotak may raise funds

Private equity giant KKR & Co. is considering a sale of its controlling stake in environmental services provider Ramky Enviro ......