Asia’s Richest Banker, Uday Kotak Weighs $1 Billion Real Estate Fund
According to people familiar with the matter, Kotak Investment Advisors Limited, supported by Asia’s richest banker Uday Kotak, is considering raising about $1 billion for...
Tag : RBI
Reliance Jio Discusses with Global Lenders to Raise $1.5 Billion
Reliance Jio Infocomm plans to raise additional funding of Rs 12,300 crore over External Commercial Borrowings (ECB) to support the 5G CAPEX. The company has...
HDFC-HDFC Bank Merger, NCLT Approves Shareholders’ Meet
The National Company Law Tribunal (NCLT) has agreed to hold a shareholders’ meeting to obtain approval for the proposed merger of HDFC and HDFC Bank....
Allahabad HC Issues Notice to RBI, Demands CBI Probe against IMC
On Tuesday, Allahabad High Court issued a notice to the Reserve Bank of India (RBI) on a plea seeking a CBI investigation against Indian Mercantile...
RBI Cancels License of Pune-Based Seva Vikas Cooperative Bank
The Reserve Bank of India (RBI) on Monday cancelled the license of Pune-based Seva Vikas Cooperative Bank, as the urban cooperative bank lacked sufficient capital...
India’s Forex Reserves Fall For Nine Weeks In a Row
India’s forex reserves dropped by $4.9 billion, and reserves declined for the country for a ninth consecutive week. They were $537.52 billion at the end...
Rupee Falls to Fresh Record Low of 82.64 Per USD
On Monday, the US Federal Reserve perceived sticking to a 75 basis point (bps) rate hike after a stronger-than-expected US jobs data report; the rupee...
Govt, LIC Jointly Divest 60.72% Stake in IDBI Bank
The Department of Investment and Public Assets Management (DIPAM) on October 7 invited potential bidders to submit expressions of interest (EoI) for the strategic divestment...
RBI Hikes Repo Rates by 50 Bps to 5.9%, 3rd Time in Row
On September 30, The Reserve Bank of India (RBI) declared a 50 basis points hike in the repo rate to step up its fight against...
ArcelorMittal in Race to Buy IBC’s Srei Group of Companies
According to a CNBC-TV18 report on September 28, ArcelorMittal has submitted an Expression of Interest (EoI) to acquire Srei Equipment Finance and Srei Infra Finance,...