LiveYes Bank Finishes Bad Loans Transfers to JC Flowers ARC
Yes Bank Ltd concluded the transfer of identified bad loan portfolio to an Asset Reconstruction Company named JC Flowers. The lender identified a stress pool...
Category : BUSINESS
Temasek to Purchase TPG’s 21% Stake in Manipal Health
The hustle to buy a stake in TPG Inc’s approx 21% stake in Manipal Health Enterprises has come to a windup after Temasek Holdings-owned Sheares...
Foxconn Unit to Sell Stake in Chinese Chip Company Unigroup
On Friday, Taiwan’s Foxconn, the world’s largest contract electronics maker, said its subsidiary in China has agreed to sell its entire stake in troubled Chinese...
L&T to Sell 51% stake in Infrastructure Projects
L&T Infrastructure Development Projects Limited (L&T IDPL) is a Joint Venture between Larsen & Toubro (L&T) and Canada Pension Plan Investment Board, i.e. CPP Investments,...
WNS Acquires Two European Companies for $156 Million
On Friday, business process management company WNS announced two acquisitions that will bring a cumulative payout of more than $156 million (roughly Rs 1,290 crore)....
PE/VC Investment Falls 42% to $4 Billion in November
A report on Friday said that investments by private equity and venture capital funds fell 42% year-over-year to $4 billion in November. However, investment in...
Shriram Pistons to Buy Majority Stake in EMF Innovations to Foray into EV Space
On Friday, Auto parts maker Shriram Pistons & Rings said its subsidiary would buy a majority stake in electric motor design and manufacturing company EMF...
TATA Elxsi Opens Digital Engineering Center in Frankfurt
The new digital engineering centre was opened in Frankfurt, Germany, by TATA Elxsi. The Digital Engineering Center will serve as a platform to bring together...
VRL Logistics Promoter Sells 5.4% Stake Worth Rs 273 Crore
Promoters of VRL Logistics on Wednesday sold a 5.4% stake in the company for more than Rs 273 crore in an open market deal. Vijay...
POWERGRID Committee of Directors Approves Investment Worth Rs 330.61 Crore in Transmission Project
The committee of directors of state-owned POWERGRID has approved a proposal to invest Rs 330.61 crore in power transmission projects. In a filing with the...