Government to raise Rs 3,500 crore with CPSE ETF, 5th tranche opens on March 19.

The fifth tranche of the CPSE Exchange Traded Fund will be open for subscription on March 19, as the government seeks to raise at least Rs 3,500 crore. The fourth Further Fund... Read more »

RBI disapproves of IDBI’s change of name

The IDBI Bank’s proposal for changing its name has not found any favour from the Reserve Bank of India, sources said. The board of IDBI Bank last month proposed... Read more »

RBI Governor to meet with trade bodies, rating agencies for pre-policy talks.

Reserve Bank of India (RBI) Governor Shaktikanta Das will hold discussions on March 26 with representatives of trade bodies and credit rating agencies on interest rate and for better... Read more »

Essar Steel case: NCLAT refuses stay on NCLT nod to ArcelorMittal plan

The National Company Law Appellate Tribunal (NCLAT) on Friday refused to issue a bankruptcy court order approving steel giant ArcelorMittal’s ₹42,000-crore takeover bid for Essar Steel and wanted a fresh... Read more »

Embassy Office Parks REIT to raise ₹4,750 crore via IPO

On March 18, Embassy Office Parks REIT, India’s first real investment trust will open for subscription. Blackstone Group LP, global private equity giant and Bangaluru-based Embassy Property Development together... Read more »

RIL to sell East-West Pipeline to Brookfield for Rs 13,000 crore.

Billionaire Mukesh Ambani led Reliance Industries is going to sell its East-West Pipeline to Brookfield for Rs 13,000 crore. According to the deal, Brookfield sponsored InvIT will acquire 100% equity interest... Read more »

Reserve Bank of India to swap rupees for dollars with domestic banks

The Reserve Bank of India’s $5 billion plan to exchange rupees for dollars with domestic banks will help achieve its twin objectives of decreasing interest rates while at the... Read more »

Harley strives for a better position in big bike segment in India

American cult bike manufacturer Harley-Davidson on March 14 said it wants to further consolidate its position in the over 1,600-cc segment in India, which it currently dominates with over... Read more »

Foot over bridge in Mumbai’s CST collapses, killed 6, injured 31

Ina distributing incident, six persons were killed, while 31 were injured after a section of a foot over bridge near a busy train station in south Mumbai collapsed during... Read more »

Rahul Bajaj steps down as Bajaj Finserv, will take new role as Chairman Emeritus in May

Bajaj Finserv on Wednesday announced that its Chairman and Non-Executive Director Rahul Bajaj has resigned and will take over as the Chairman Emeritus starting from May. The company, in a regulatory... Read more »