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.
Wall Street Week Ahead: US data deluge to underscore divide between roaring market, plunging economy
Though bleak, that number was smaller th...
Concerns govt would take more reserves from central bank were unwarranted
Transfer may be used to keep a buffer to maintain the fiscal defici...
World’s worst PMI signals 15% contraction in India’s economy
PMI surveys across the world are showing deep contractions in manufacturing and services.
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.
Deutsche Bank tells fixed income traders they'll keep jobs
The bank’s move to “resize” debt trading ops won’t lead to dismissals, fixed-income head Ram Nayak said.
Q3 could see 4.5-5% GDP growth, Q4 may be better: Kaushik Das, Deutsche Bank
India is growing 200 bps below potential growth rate of 6.5-7%.
Deutsche Bank pink slips hit Bengaluru operations too
An unknown number of employees from the MNC's Bengaluru operations have received pink slips.
Future Retail raises $500 million from international bond market
Proceeds from the offering will be utilised to purchase store assets from Future Enterprises Ltd.
Deutsche Bank slashes 18,000 jobs in $8.3 billion overhaul
The scale of the revamp underscores the failure of the CEO and his recent predecessors to solve the fundamental problem: costs were too high and revenue too low.
Wall Street battles upstarts in hunt for Silicon Valley rich
Fourteen San Francisco-area companies that began trading publicly last year have raised more than $15 billion, led by Uber Inc.’s $8.1 billion and Lyft Inc.’s $2.3 billion. Expand that to include the 16 other Bay Area firms that have gone public and the amount jumps to more than $20 billion.
Deutsche Bank plans to close most Asia-Pacific equity businesses
The Frankfurt-based lender expects to stop offering trading of cash equities, equities research and may no longer underwrite initial public offerings in the region.
FPIs factor in India ratings cut that a quick rebound may avoid
Any rating cut by S&P and Fitch will pull India below investment grade.
Deutsche Bank ends merger talks with Commerzbank
For Commerzbank, still 15%-owned by the federal government, a foreign takeover may be in the cards down the road.
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