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Religare board oks $431 mn fund raising, posts loss
Posted: July 31st, 2010, 3:23am EDT
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The board of financial services group Religare Enterprises has approved raising additional capital worth Rs 20 billion($431 million), the firm said on Saturday. -
Renuka Sugars against Jaypee Cap's stake in NCDEX
Posted: July 30th, 2010, 3:21pm EDT
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The Delhi-based brokerage Jaypee Capital's proposal to pick up a strategic stake in commodity bourse NCDEX seems to have hit another roadblock. -
Restructured bank loans double in FY10
Posted: July 30th, 2010, 3:06pm EDT
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Restructured loans in the banking industry have almost doubled in 2009-10, shows a study by Karvy Stock Broking on top 28 commercial banks. -
'Micro finance sector represents good investment opportunity'
Posted: July 29th, 2010, 5:04pm EDT
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The Indian micro-finance industry (MFI) believes that the sector represents a good investment opportunity and capital adequacy will not be a constraint in the days ahead. -
Muthoot Finance sells 4%, raises Rs 157 cr
Posted: July 29th, 2010, 4:57pm EDT
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Gold loan company, Muthoot Finance, has raised Rs 157 crore by issuing shares to the extent of 4% of the firm?s capital to private equity firms Baring Equity Partners India and Matrix partners India. -
SBI Macquarie to buy 12% in Adhunik arm for Rs 125 cr
Posted: July 29th, 2010, 3:39pm EDT
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SBI Macquarie Infrastructure Fund is buying a 12% stake in Adhunik Metalik's power subsidiary for Rs 125 crore, sources with direct knowledge of the deal said. -
Muthoot Finance raises Rs 1.57 bln from PE funds
Posted: July 29th, 2010, 5:36am EDT
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Muthoot Finance Ltd said on Thursday it has raised Rs 1.57 billion from Baring Private Equity Partners India and Matrix Partners India for a minority stake in the firm. -
Ensure timely loan repayments by farmers: Banks to RBI
Posted: July 27th, 2010, 4:37pm EDT
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Top bankers want the Reserve Bank of India (RBI) to send a strong signal to farmers to ensure timely loan repayments. -
Create level playing field with MFs: Banks tell RBI
Posted: July 27th, 2010, 4:31pm EDT
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An observation by Reserve Bank of India (RBI) Deputy Governor Usha Thorat about the dip in banks? deposit growth of late revived a demand by banks to create a level-playing-field between them and mutual funds. -
Exim Bank sells Rs 2.5 bn of bonds: Sources
Posted: July 26th, 2010, 7:07am EDT
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Export Import Bank of India (Exim Bank) has raised at least 2.5 billion rupees via bonds, two sources with knowledge of the matter said on Monday.