Shadow lender Srei quits infrastructure, blaming ‘socialist’ India
Srei’s decision highlights the pain non-bank financiers are facing 17 months after the collapse of IL&FS.
Deutsche Bank says it has Trump-related tax returns sought by Congress
The appellate judges had asked if the banks actually had the records. ...
Deutsche Bank, reeling from global job cuts, is hiring in India
The ambitions for India reflect Deutsche Bank’s wider focus on retail banking...
Seven Indian banks join JP Morgan's blockchain platform
The platform is the first live blockchain service by JP Morgan and represents the largest number of banks to join a live application of blockchain technology.
Below investment grade companies set to raise big dollars
The overseas market has generally been more receptive to highyield issuances this year."
2 more power plants lined up for one-time settlement
Lenders have placed their hope on the resolution of two struggling thermal power plants, Coastal Energen and Jindal India Thermal operating in different parts of the country, through a so-called one-time settlement (OTS) with the promoters of these company backed by Deutsche Bank-led distressed funds.
Telcos’ move to raise revenue may widen risk of customer churn
Airtel, Vodafone and Jio had raised tariffs of bundled prepaid services plans 14-33% just over a month ago.
Deutsche Bank makes bumper equity infusion in India
Deutsche’s retail business in India includes loans to individuals and wealth management.
Even bailout attempt won’t help Vodafone Idea compete with peers: Analysts
Analysts see the sector rapidly evolving into a private duopoly of Airtel and Jio over the next 9-12 months.
Uttam Galva counters Deutsche’s $20-million recovery plea at NCLT
Uttam Galva has raised two contentions opposing the petition — one, that the debt was time-barred and the other, that the loan agreement was not stamped. Since the document is not stamped in Maharashtra, Deutsche's claim cannot be enforced, argued Khaitan Legal Associates, the law firm representing Uttam Galva at NCLT.
RInfra pledges 1.5 cr more shares in Reliance Power
The filing showed that the fresh pledge was done on September 9.
European shares slide as pandemic jitters return
The pan-European STOXX 600 index was down 1.1 per cent.
Global stress funds lap up Reliance Capital debt on hopes of repayment
Secondary market discount narrows to 70% from 80% in Nov after Reliance Home Fin’s assurance on repaying retail debenture holders
How global investors traded Reliance Capital bonds at 70% discount amid revival hope
The discount narrowed to 70% in the latest transactions from 80% in trades in November.
Future Retail raises $500 million from international bond market
Proceeds from the offering will be utilised to purchase store assets from Future Enterprises Ltd.
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