Clipped from: https://www.businesstoday.in/latest/corporate/story/next-unicorn-in-line-home-interiors-platform-livspace-in-talks-with-investors-to-raise-200-mn-310449-2021-10-26 With this, LivSpace’s valuation could rise 2x-3x to $1.5 billion from the current $500 million. LivSpace home decor Home décor and interiors platform
Category: Company Specific News
pnb housing: PNB Housing Finance shelves share sale plan citing legal delays – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/pnb-housing-finance-shelves-share-sale-plans-citing-legal-delays/articleshow/87026179.cmsSynopsis Carlyle arm Pluto Investments S.a.r.l and other investors will withdraw the proposal to buy stake in the company. Late in May, the board
RBI warned Srei group repeatedly, Kanoria says it complied every time | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/rbi-warned-srei-group-repeatedly-kanoria-says-it-complied-every-time-121101000712_1.html Srei was one of the few top NBFCs in constant ‘asset quality review’ focus of RBI, even as the regulator never used that
Former State Bank of India chief Rajnish Kumar joins BharatPe as chairman | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/former-state-bank-of-india-chief-rajnish-kumar-joins-bharatpe-as-chairman-121101200554_1.html He will be involved in defining the company’s short-term and long-term strategies, and will so work closely with the other Board Members and
RBI warned Srei group repeatedly, Kanoria says it complied every time | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/rbi-warned-srei-group-repeatedly-kanoria-says-it-complied-every-time-121101000712_1.html Srei was one of the few top NBFCs in constant ‘asset quality review’ focus of RBI, even as the regulator never used that
Air India’s sale to Tata Sons is going to redefine India’s aviation industry – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-air-indias-sale-to-tata-sons-is-going-to-redefine-indias-aviation-industry/articleshow/86875784.cmsSynopsis Whether that happens or not, time will tell. But what will certainly undergo a paradigm shift is the dynamics of the sector. If
For Tata Group, the acquisition of Air India is fraught with huge risks – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/for-tata-group-the-acquisition-of-air-india-is-fraught-with-huge-risks/articleshow/86877572.cmsSynopsis Having three separate airlines could be a disaster in the making. Merging the three will result in huge cost savings, including reduced people
Srei firms found ever-greening NPAs, in payment default – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/srei-firms-found-ever-greening-npas-in-payment-default/article36885428.ece As on March 31, 2020, Srei Infra had a negative CRAR of 3.4% against the regulatory requirement of 15% Concerns over ever-greening of
Demerger to give a push to both pharma and financial services: Ajay Piramal | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/demerger-to-give-a-push-to-both-pharma-and-financial-services-ajay-piramal-121100701127_1.html In a Q&A, the Chairman of Piramal Group talks about the prospects of both businesses, the rationale for the demerger and how supply
Srei’s great leap back underlines high-risk nature of NBFC business | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/srei-s-great-leap-back-underlines-high-risk-nature-of-nbfc-business-121100701407_1.html In the past three decades, the Kanorias have weathered many a crisis, including the NBFC crisis of the 1990s and the global financial
Dixon Technologies to make Acer laptops in India under PLI scheme | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/dixon-technologies-to-make-acer-laptops-in-india-under-pli-scheme-121100800027_1.html Dixon is an eligible player for the PLI scheme under the IT hardware category Dixon will also be the first domestic manufacturer to
Hat-trick of unicorns; What are neobanks?–ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/hat-trick-of-unicorns-what-are-neobanks/articleshow/86841438.cms Indian startups raised more than $24.3 billion from global investors in the first nine months of 2021. Just when you thought the year
‘We want to have more ‘buy now, pay later’ customers than any card company’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/we-want-to-have-more-buy-now-pay-later-customers-than-any-card-company/article36873310.ece Upasana Taku, co-founder, chairperson and COO, MobiKwik – BUSINESS LINE Upasana Taku, co-founder, chairperson and COO, MobiKwik – BUSINESS LINE× MobiKwik co-founder Upasana
Srei lenders, second casualty of IL&FS implosion, now await a tense future – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/srei-lenders-second-casualty-of-ilfs-implosion-now-await-a-tense-future/articleshow/86804718.cms SynopsisThe woes of both the beleaguered DHFL and Srei entities arise from the collapse of IL&FS. The liquidity crisis after the collapse of
RBI supersedes boards of SREI companies, plans for insolvency proceedings | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/rbi-supersedes-boards-of-srei-companies-plans-for-insolvency-proceedings-121100400867_1.html RBI said it has appointed Rajneesh Sharma, ex-chief general manager of Bank of Baroda, as the administrator of the companies The Reserve Bank
Adani to triple solar power generation capacity in four years – The Financial Express
Clipped from: https://www.financialexpress.com/industry/adani-to-triple-solar-power-generation-capacity-in-four-years/2343629/ The overall investments, both organic and inorganic, across the entire green energy value chain would range between USD 50 and USD 70 billion.
Lenders approach RBI after ₹30,000 crore Srei loans turn NPA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-approach-rbi-after-30000-crore-srei-loans-turn-npa/articleshow/86668737.cmsSynopsis In response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had
RBI advises Dhanlaxmi Bank to ensure transparency in nominating directors – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-advises-dhanlaxmi-bank-to-ensure-transparency-in-nominating-directors/2342154/ The board kept in abeyance the recommendations of the nomination and remuneration committee of the bank, including the reappointment of prominent investor Ravi
Grasim Industries gets Rs 8,334-crore income tax demand – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/grasim-industries-gets-rs-8334-crore-income-tax-demand/articleshow/86687081.cmsSynopsis This is related to the scheme of Grasim Industries’ merger with Aditya Birla Nuvo and Aditya Birla Financial Services. Grasim IndustriesNSE 0.46 % on
Dhanlaxmi Bank shareholders reject appointment of auditors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/dhanlaxmi-bank-shareholders-reject-appointment-of-auditors/article36762339.ece Kerala High Court hold, adjourns it for a month Shareholders of the Thrissur-based Dhanlaxmi Bank rejected the appointment of statutory central and branch
