Nov 18, 2016 - Bankers begin to buckle under stress

What India makes: List of India's manufacturing hubs Apparel industry manufacturing woollen garments and hosiery apparel, hand tools and industrial equipment, bicycle manufacturing, bicycle parts and metals fabrication. Read More

TPG Growth’s Rise Fund invests $70 mn in Fourth Partner Energy Fourth Partner Energy will use the funding to accelerate its growth through the RESCO (renewable energy service company) model Read More

BBB recommends 22 GMs for elevation as executive directors at PSU banks Banks Board Bureau said the panel have recommended to the Govt. of India 22 general managers for elevation as executive directors in public sector banks. Read More

Sebi plans to revise share buy-back regulations Sebi has carried out a review of the current buy-back norms in order to simplify the language, remove inconsistencies and update the references to the new Companies Act Read More

Dues of PNB's big wilful defaulters rise to Rs 15,490 crore The major defaulters are Kudos Chemie, Kingfisher Airlines, BBF Industries, ICSA (India) Ltd, Arvind Remedies and Indu Projects Ltd. Read More

LIC receives Rs 2,050 cr service tax notice from DGGI Directorate-General of Goods & Services Tax Intelligence's Kolkata zonal office issued a notice which said LIC suppressed facts with intent to evade payment of tax. Read More

Mobile wallet transactions fell sharply in March The value of mobile wallet transactions fell from a peak of ₹13,100 cr in February to ₹10,000 cr in March and ₹11,695 cr in April, data shows Read More

PNB fraud case: Nirav Modi using multiple passports, faces fresh FIR PNB fraud accused Nirav Modi is holding six passports, of which two were active for quite some time—with one of them bearing a 40-month UK visa Read More

Distressed asset funds eye buyout deals ahead of bankruptcy process Distressed asset funds sense investment opportunity as promoters look to hold on to firms undergoing resolution under the insolvency and bankruptcy code Read More

NITI Aayog meet: Modi vows steps to take India’s growth rate to double digits At the fourth governing council meeting of the NITI Aayog, PM Narendra Modi laid down a blueprint to make development more inclusive and correct economic imbalances Read More

Hedge funds get bullish on oil again as Opec prepares to meet The net-long position on West Texas Intermediate rose 0.5 per cent to 3,15,063 contracts. Read More

Big Indian deals fall short of closure India Business News: MUMBAI: Some of India Inc's biggest consolidation deals - aimed at retiring debt or hiving off bleeding business units - are struggling past unmet dea. Read More

ICICI Venture sells 30% in KIMS to General Atlantic for Rs 850 crore Hospital chains have been expanding their businesses, with government sponsored insurance coverage driving future growth. Read More

SeaLink Capital infuses fresh funds in Surya Child Care SeaLink Capital Partners managing partner Heramb Hajarnavis and executive director Karthik Narayanaswamy at will join Surya Child Care’s board of directors Read More

Opposition asks who is Finance Minister? BJP says Goyal holds charge but Jaitley is boss The signal from the government is that Piyush Goyal holds the finance charge but Jaitley is the boss. Read More

India hits back at the US with tariffs Centre conveys decision to raise import duties on 30 items to WTO, may further suspend concessions Read More

Thailand has fund coup against China, India Thailand is spearheading a new fund for infrastructure and development projects in a bid to counter reliance on Asian giants, like China & India. Read More