Thomas Cook India Group announces debt pre-payment by Sept 30, 2018

The Thomas Cook (India) Group announced reduction of debt of its standalone entity, making it debt free by September 30, 2018. The Thomas Cook (India) Group will pre-pay Rs. 67... Read more »

2Q18 recorded highest quarterly deal value with US$34.8 billion across 273 deals in India

According to EY’s 30th Transaction Quarterly, M&A activity in India saw a significant y-o-y jump in both deal volume and disclosed deal value in 2Q18. While deal volume rose by 19%... Read more »

SBI Mutual Fund appoints Ashwani Bhatia as MD & CEO

 SBI Mutual Fund, one of the leading mutual fund houses in the country has announced the appointment of Mr. Ashwani Bhatia as the MD & CEO of SBI Funds... Read more »

Outlook Stable Despite Intensifying Profitability Headwinds: Ind-Ra

India Ratings and Research (Ind-Ra) has maintained a stable outlook for the pharmaceutical sector for the rest of FY19. The domestic pharmaceutical market growth is likely to remain robust,... Read more »

Microsoft announces AI for Earth grant recipients from India and deepens commitment to sustainability in the country

Microsoft has announced grants to seven recipients from India under AI for Earth, its worldwide programme aimed at empowering people and organizations to solve global environmental challenges through the... Read more »

Mauritius strengthens its security on financial undertakings

Mauritius is a founder member of the Eastern and Southern African Anti Money Laundering Group (ESAAMLG) which was launched in 1999. The main purpose of the ESAAMLG is to... Read more »

HDFC ERGO Makes Cyber Insurance Personal With The Launch of E@Secure

HDFC ERGO, India’s third largest non-life insurance provider in the private sector, today announced the launch of ‘E@Secure’, a Cyber Insurance Policy for individuals. This policy aims at providing... Read more »

Ambit acquires SME lending business of Finmax

Ambit Finvest, part of the Ambit Group, announced the acquisition of Finmax’s small and medium enterprise (SME) financing business. Finmax Credit and Finance Pvt. Ltd. is a fast emerging... Read more »

INR4.2 trillion Debt to Flow in from IBC Resolutions by 2019: Ind-Ra

India Ratings and Research (Ind-Ra) believes around 45% of total bad loans of INR10.2 trillion pertaining to the top 500 debt heavy corporates is likely to be resolved by... Read more »