Banking & Finance

Prabhakar builds globally scalable business Mumbai’s lifecycle management platform for global markets, Servify, has raised US$23 million in Series C financing, led by its existing investor Iron Pillar, an India focused venture growth investor from its recently concluded Top-Up Fund....

Global investors to tap the fastest retail business Global investment firm KKR will invest Rs.5,550 crore in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries, following an Rs.11,367 crore investment in Reliance’s Jio Platforms announced earlier this year....

Cube expands toll-road assets in India Singapore-based Cube Highways II, a portfolio company of I Squared Capital through its ISQ Global Infrastructure Fund II, has acquired 100% of Farakka-Raiganj Highways Limited (FRHL), an operating toll road in the state of...

Agarwal wants a vibrant leasing environment India is set to witness the construction of around 220 million km of roads in the near future linking all the major ports of India, said Gen. (Dr.) V. K. Singh, Minister of State,...

Corporatisation of OFB will improve autonomy The Cabinet Committee on Security has approved to convert Ordnance Factory Board (OFB), a subordinate office of Ministry of Defence, into one or more than one 100% Government owned corporate entities, registered under the...

DuPont to transfer N&B to IFF The Competition Commission of India (CCI) has approved the acquisition of Dupont’s Nutrition & Biosciences, Inc. (Spinco) by New York-based International Flavors & Fragrances Inc. (IFF) under Section 31(1) of the Competition Act, 2002,...

Property prices have remained range-bound Amidst controlled new housing launches, the residential sales-to-supply ratio has improved to 1.36 currently, as against 0.63 in 2014, reveals the FICCI-ANAROCK report ‘Indian Housing Sector: Disrupted, Transformed & Recovering’. The improvement in this critical...

Kellton Tech to deploy deep knowledge-domain expertise Riyada Digital is a fast-emerging digital services company based in Riyadh and Jeddah, has selected India’s Kellton Tech (BSE: KELLTONTEC) to help build a customer-facing digital e-commerce platform. This platform will unveil Riyada...

Financial profiles of PSBs weak The proposed divestment of Public Sector Banks (PSBs), already having weak credit profiles, will require an amendment to the Banking Companies (Acquisition And Transfer Of Undertakings) Act, 1970/1980, which states that the Government holds not...

Saraf calls for a focus on FTAs-multilateral agreements The start of business activities across major economies like the US, EU, Canada, Japan, South Korea, Australia and New Zealand has helped in bringing back the tempo to the Indian export sector,...