Remya Nair
Stories by Remya Nair
SBI to provide lifeline to NBFCs battered by IL&FS crisis
State Bank of India (SBI) has tripled its loan portfolio purchase goal to ₹ 45,000 crore to rescue cash-strapped NBFCs
India seeks merger of state-run Bank of Baroda, Dena and Vijaya Bank
The merged entity, comprising two relatively stronger banks and a weak one, will be the third-largest lender in India after State Bank of India and HD
Private equity firms seek anti-trust exemptions from India’s competition watchdog
CCI approval may be required even for passive investments by PE investors, if they are acquiring more than 5 per cent stake in a company, in a sector
NSE IPO depends on resolution of algo trade issue, says CEO Vikram Limaye
NSE has initiated talks with the capital markets regulator to settle the probe through the consent mechanism.
India: PNB to sell stake in housing finance unit, launch MetLife IPO this fiscal
PNB owns 32.79% and Quality Investment Holdings (Carlyle Group) own 32.36% in PNB Housing.
LIC gets cabinet approval to buy majority stake in IDBI Bank
The cabinet nod clears the way for LIC to seek a go-ahead from the Reserve Bank of India and the Insurance Regulatory and Development Authority of Ind
India’s angel investors seek further easing in rules amid tax concerns
Angel tax is levied on investments made in unlisted firms at valuations considered higher than the fair market valuation.
India: Struggling with non-performing assets, IFCI to sell stakes in NSE, CCIL
IFCI’s net NPAs were at 26.49% while gross NPAs stood at 35.8% as of end December.
India: No respite for Flipkart, Amazon, Snapdeal on tax collection at source
Online retailers such as Flipkart and Amazon have been lobbying against tax collection.
India: Cabinet okays SBI merger with five associate banks
The merger will create the first Indian lender to rank among the world’s top 50.
