Banking & Finance

Moglix, India’s fastest growing B2B commerce and Procurement Software company, integrated iCAT, an Intelligent Contract Automation Tool, to their existing contracting system.

Deemed as a transformational reform, the Insolvency and Bankruptcy Code (IBC), 2016, has passed the behavioural test with flying colours with majority of the cases settled.

Institutional investors are likely to continue infusing investments in 2019 into the maturing Indian real estate market, which offers more scope for growth than developed countries with matured real estate markets, according to a report released in Mumbai on 25...

In a bid to shape India’s continued ascendancy in FinTech, NITI Aayog is organising a day-long FinTech Conclave at Dr. Ambedkar International Center in New Delhi tomorrow on 25 March 2019.

India’s state-owned Canara Bank has launched a US$400 million (Rs.2,750 crore) bond issuance programme through its London branch on 21 Mar 2019.

The government has collected Rs.85,000 crore from disinvestment current fiscal year, Rs.5,000 crore above target and the second highest after more than Rs.1 lakh crore in fiscal year 2017-18.

Larsen & Toubro Limited (NSE: LT, BSE: 500510), has entered into a definitive Share Purchase Agreement (SPA) to acquire 20.32% stake in Mindtree, a global technology services and digital transformation company.

Goldman Sachs Asset Management has agreed to acquire Benchmark Asset Management Company, an asset management company in India, and bring actively managed onshore funds to India.

S&P Global Ratings expects GMR Hyderabad International Airport Ltd’s (GHIAL) healthy cash reserves and good operating performance to provide sufficient buffer amid regulatory uncertainties over the next two to three years.

HCL Technologies has signed a managed services agreement with Xerox (NYSE: XRX) to manage the latter’s portions of shared services globally, resulting in greater operational efficiency, automation and enhanced service levels.