Yes Bank drops Braich’s $1.2-billion offer, weighs up Citax Holdings bid
The board has rejected offer made by Erwin Singh Braich even after the Canadian industrialist extended the validity of its offer until January 31, 2020.Yes Bankon Friday informed exchanges that it had decided to drop $1.2-billion…
YES Bank rejects Canada’s Erwin Singh Braich’s moneybags; to raise Rs 10,000 crore on…
The private sector bank also informed the board that it is willing to favourably consider the offer of 0 million from Citax Holdings and Citax Investment Group.YES Bankon Friday said that it has rejected the Canadian investor Erwin…
IDBI Trusteeship drags Reliance Home Finance to NCLT
IDBI Trusteeship has filed application under Section 71(10) of the Companies Act, 2013.IDBI Trusteeship has dragged the troubled lender, Reliance Home Finance (RHF), a subsidiary of Anil Ambani group’s Reliance Capital, to the National…
Markets hit new highs as earnings season kicks off, tensions ease
The Nifty advanced to breach the 12,300-mark for the first time ever but closed off the day’s high.The benchmark Nifty50 hit a new high on Friday, with the onset of the results season and the hopes of de-escalation of the US-Iran…
Infosys Q3 net profit rises to Rs 4,457 crore; FY20 revenue guidance raised
The company continues to invest in its work force and the consolidated attrition rate reduced 19.6% in Q3 from 21.7% in the previous quarter.IT major Infosyson Friday posted a 2.04% sequential increase in revenue to Rs 23,092 crore for…
Murugappa group arm raises Rs 400 crore from CDC Group via masala bonds
Incorporated in 1978, CIFCL offers vehicle finance, business and home loans.Cholamandalam Investment and Finance Company (CIFCL), the financial services arm of the Chennai-headquartered Murugappa group, has raised Rs 4 billion (Rs 400…
HCC lenders to hive off Rs 2,100-crore of company’s debt into third-party SPV
In March last year, the board had approved monetising awards and claims through an SPV controlled by investors, led by global investment firm BlackRock.Lenders to infrastructure major Hindustan Construction Company(HCC) will carve out…