Hinduja Arm in Talks with Lenders for Reliance Capital Takeover
Reliance Capital’s (RCap) sole bidder Hinduja Group is discussing with some lenders to raise up to Rs 8,000 crore to fund its proposed acquisition of...
Tag : Standard Chartered
Credit Suisse, UBS, Other Banks Under Scrutiny in Russia Sanctions Probe
Banks, including Credit Suisse and UBS, are under scrutiny as the US Justice Department investigates whether financial professionals helped Russian oligarchs evade sanctions, according to...
Adani Plans to Repay $500 Million Loan Taken for Cement Deals
India’s tormented Adani Group is discussing with moneylenders to repay a $500 million channel loan facility it had occupied to buy supervisory stakes in cement...
HDFC Looks to Expand Foreign Lending to $1 Billion as RBI Eases ECB Rules
The country’s largest mortgage lender, Housing Development Finance Corporation, is set to become the first Indian borrower to benefit from the Reserve Bank’s increased external...
Standard Chartered is Fined $13.6 Million in India
India’s anti-money laundering agency fined Standard Chartered Plc 1 billion rupees ($13.6 million) for breaking foreign exchange rules when it worked on the takeover of...
HDFC Sells Gruh Finance Shares Worth Nearly Rs 67 Crore
Mortgage lender of HDFC offloaded 27 lakh shares of its subsidiary Gruh Finance, worth nearly Rs 67 crore through the open market transaction. According to...
Tata Realty to Invest up to Rs 1,400 Cr in Commercial Projects
Tata Realty and Infrastructure Ltd. (TRIL) is planning to buy office projects in Pune, Bengaluru and Chennai for Rs 1,200-1,400 crore, and company build information...