Motilal Oswal Real Estate (MORE) on Thursday released the second close of its India Realty Excellence Fund IV (IREF IV). The fourth real estate fund closed after raising `850 crore, which was... Read more »
The flagship lending unit of Infrastructure Leasing & Financial Services Ltd (IL&FS) has 90 per cent of non-performing loans, a company executive said on Wednesday, as the current management tries to recover... Read more »
Textiles giant Raymond Group on Wednesday has decided to venture into real estate. They will launch a 3.3 million square feet residential project in Thane at a time when the sector is going through... Read more »
To reduce the debt on its balance sheet, Reliance Jio Infocomm (RJio) has completed the transfer of its optic fibre cable and tower infrastructure to two infrastructure investment trusts (InvITs). The two... Read more »
Bank of Baroda (BoB) on Monday has become the second largest state-owned lender after merging Dena Bank and Vijaya Bank with itself as part of a three-way amalgamation. The consolidated entity started... Read more »
Operational creditors that were to receive Rs 214 crore from the Essar Steel debt resolution plan submitted by ArcelorMittal, could net an additional Rs 1,000 crore, reports Business Standard. Operational creditors have outstanding dues... Read more »
India’s second largest IT services firm Infosys on Thursday said it will acquire 75 percent stake in ABN AMRO Bank’s wholly-owned subsidiary, Stater, for 127.5 million euros (about Rs 989 crore). Both the companies... Read more »
The lenders of Essar Steel on Wednesday said that the National Company Law Appellate Tribunal (NCLAT) and meeting of the Committee of Creditors of the debt-ridden firm is going on over distribution... Read more »
Grasim Industries on Monday said it has challenged the ₹5,872.13 crore income-tax demand with regard to its merger with two Aditya Birla group firms before the Bombay High Court, which has granted stay... Read more »
Reliance Retail Ltd (RRL), the retail arm of Reliance Industries said on Tuesday that it has bought ITC Ltd’s menswear brand John Players. The acquisition will bolster RRL’s readymade garments and accessories... Read more »