The move comes close on the heels of the buyout of 50% equity stake held by IHH Healthcare (IHH), in Apollo Gleneagles Hospital, Kolkata (AGHL), a joint venture (JV) in which Apollo Hospitals group was holding a 50% equity st
Many NBFCs like Cholamandalam Investment and Finance, Shriram Transport Finance and Shriram City Union Finance have done well on the collection front, especially after the lifting of the moratorium by August 31, thanks to the
The bank said last week that a minor incremental due diligence which was requested by Clix Group had been completed and both the sides were in the process of finding a workable and mutually acceptable framework.
After the moratorium period, accounts covering exposure of 94.53% to cash credit accounts (CC a/cs) or short-term loans and 85.70% to term loan accounts, totalling 90.52% of exposure, received payments.
The Chennai-based two-wheeler and three-wheeler major is also looking at investing Rs 40 crore in its recently-acquired Britain's legacy brand Norton and around Rs 50 crore in TVS Credit Service, its lending arm.
On the rights issue, Sinha said the bank is readying all the papers. “Our merchant banker is on the job and will come back with its recommendations. Following that, we will decide on the ratio and the amount.”
Tube Investments of India (TII) believes that over a period of five years, it will be able to turnaround CG Power and Industrial Solutions — a company they are in the process of acquiring — to a Rs 5,000 crore top-line ea
Shriram City Union Finance (ShriramCity) has said the Reserve Bank of India (RBI)’s renewed thrust on co-origination of loans can be a game-changer for both non-banking financial companies (NBFCs) and housing finance compan
Thiagarajan said the company has achieved 80 to 90% production of pre-Covid levels currently. By fourth quarter he hopes to touch 100% of pre-Covid levels or even achieving 5 to 10% growth over the normal level.
Shakti Sinha, independent director and part of the three-member committee of directors (CoD) approved by the RBI to run the day-to-day operations of LVB, told FE that the CoD had started hectic parleys to survey all options f
“We will take the next step as advised by our advisers. We are considering our options at this stage, but since the family has rejected all our attempts for an amicable settlement, it seems we are not left with any other ch
B Ramesh Babu, the new MD & CEO of Karur Vysya Bank (KVB) has innovative ideas, backed by 40 years of banking experience including as deputy MD & COO of SBI, to drive KVB further in the growth trajectory.
Before the pandemic, Hyundai India had been producing 2,500 cars per day, while it had a total annual capacity of 7.50 lakh cars. Hyundai had ceased all production activities even before lockdown 1.0 was formally announced. D
To grow trade, India could benefit from a targeted exports expansion and imports substitution programme, stated a news report by McKinsey on Indian auto component industry. For exports expansion, India has to learn from coun
Against the backdrop of Covid-19, it has now become abundantly clear that controlling non- communicable diseases (NCDs), especially conditions like hypertension and diabetes is critical for building immunity to protect onesel
The dispute cropped up after Nissan alleged that Tamil Nadu had not paid certain incentives under a 2008 agreement to set up a car manufacturing plant at Oragadam near Chennai. Nissan and its French partner Renault had invest