Nov 18, 2016 - Bankers begin to buckle under stress

The $41 billion wealth gap that divides India’s richest brothers The sale of RCom assets to Reliance Jio brings the saga of Mukesh Ambani and Anil Ambani full circle and sets the stage for the next chapter in the story of one of India’s greatest business dynasties Read More

Opinion | The anatomy of banking frauds Some of the recent frauds shows that Indian banks need significant improvements in operation and governance standards Read More

ICICI Bank offers full finance for car loans up to Rs 20 lakh in 4 hours ICICI Bank said it is the first bank to offer upto 100% finance on the on-road price of the car. Valid only for its savings bank account customers, the bank disburses the amount of the loan, for tenure upto 7 years, in just 4 hours. Read More

Sensex, BSE MidCap valuation gap shrinks sharply in FY19 From the beginning of 2018-19, the premium of BSE MidCap index to Sensex has slipped 65.11% to current levels from the highs it had touched on 3 September Read More

RIL’s consumer businesses deliver on growth; investments stay high In the first six months of the year, Reliance Jio has spent about ₹44,000 crore in capital and operating expenses (excluding interest and depreciation). In the same period, it earned revenues of ₹17,350 crore. Read More

Supreme Court’s decision on Aadhaar: impact on tax compliance In view of the implications arising on invalidation of PAN, every resident individual who is required to file a tax return in India should evaluate the requirement of obtaining Aadhaar and then ensure linking it with their PAN Read More

What is market volatility and why it bothers investors A stock or is said to be volatile if its price moves up and down frequently and by a substantial amount Read More

Novartis targets prostate cancer with $2.1 billion Endocyte deal Novartis will pay $24 a share for Endocyte, 54% more than its closing price Wednesday of $15.56 Read More

Reliance says 2018-19 profit may rise 18% on capacity addition Reliance Industries’s (RIL’s) net profit for Q2 rises 17.4%, led by higher price realizations for petrochemical and refinery products Read More

Sebi directs Singh brothers to pay ₹403 crore to Fortis Healthcare Singh brothers and eight other entities have prima facie diverted ₹403 crore from Fortis Healthcare for the ultimate benefit of RHC Holding and Religare Finvest violating the securities laws, Sebi says Read More

Advertising’s #MeToo moment: 4 top bosses of Dentsu Aegis resign Dentsu Aegis says Happy Creative Services’ CEO Kartik Iyer and MD Praveen Das have resigned after multiple sexual harassment charges. Bodhisatwa Dasgupta and Dinesh Swamy have also stepped down Read More

Yes Bank CEO Rana Kapoor meets rival promoter Madhu Kapur, seeks a united front Yes Bank CEO Rana Kapoor has proposed Madhu Kapur that they combine their stakes and form a joint promoter group, ending their decade-long rivalry Read More

Leap Green appoints Barclays to help raise $300-400 million Leap Green Energy will use the funds for expansion of its renewable energy capacity Read More

Shriram Properties plans to file IPO papers by December Shriram Properties, the real estate subsidiary of the Shriram Group has hired Axis Bank, Nomura and Edelweiss to manage the IPO, says MD Murali Malayappan Read More

Invesco to buy OppenheimerFunds, adding $246 billion in assets At a time when many investors are deserting active funds, Invesco CEO Martin Flanagan is convinced that active funds will continue to play a critical role in the portfolios of retail and institutional customers Read More

IvyCap Ventures unveils angel fund, targets ₹60 crore corpus IvyCap Ventures is targeting a corpus of up to ₹60 crore for the angel fund that will invest only in seed and pre-series A rounds in startups Read More

Tata Sons said to be in talks to buy stake in Jet Airways Tata Sons has sought management control of Jet Airways, seeking at least 26% initially and another 26% via an open offer later, says a report Read More

Universal Sportsbiz raises $13.5 million from Accel, others Universal Sportsbiz plans to utilize the funding from investors Accel Partners, Alteria Capital and others to spread its offline retail network and expand its portfolio of brands while investing in technology Read More

IL FS Transportation: Vineet Nayyar, Rajan not yet appointed on board It can be noted that following a string of defaults, and the resultant market mayhem, the government earlier this month took over the company and appointed a new six-member board. Read More

As NBFCs pull plug on credit, builders stare at cash crunch, defaults Serial defaults at IL&FS made it hard for NBFCs to raise money, forcing them to avoid fresh lending. Read More

Air India may raise ₹500 crore from banks next week The fund-raising initiative by Air India has the backing of a sovereign guarantee by the government Read More

Real estate stocks biggest losers in market correction since August Change of stance on interest rates, tightening liquidity for NBFCs hit sector that had begun to see a revival. Read More

India could be removed from US currency monitoring list United States says if India continues with the same practices as in the last six months, it could be removed from the currency monitoring list Read More