Banking & Finance

A number of probable investors have directly approached the Civil Aviation Ministry with interest to take over the financially-strapped Air India which is part of the Government’s larger divestment plans.

The Confederation of Indian Industry has urged the government to increase the tax benefits to home buyers and extend income limit under Pradhan Mantri Awas Yojana to boost demand in the real estate sector which is battling stress and liquidity...

A World Bank US$210 million for a project will support small holder farmers participation in competitive agriculture value chains, facilitate agri-business investments, increase market access and productivity in focus commodities, and build resilience of crops to recurrent floods or droughts...

Western Union and Bharti Airtel Limited have announced an unprecedented milestone in global money movement across the world’s significant emerging markets.

Public Sector Banks (PSBs), expecting improved earnings and new capital requirement not being sizeable, are expected to raise funds from the markets, said financial consultancy ICRA Ltd.

Banking veteran Manju Agarwal will add over 30 years of her banking experience in India and internationally as advisor to the Board of California’s StorCentric, a global provider of world-class and award-winning storage solutions.

Zomato, one of the largest food apps in India, has acquired Uber’s food delivery business in the country in an all-stock transaction. This gives Uber 9.99% ownership in Zomato.

Catalyst Fund, managed by BFA Global and Rockefeller Philanthropy Advisors (RPA), has announced a new GBP12 million (US$15 million) support for 30 startups across five key emerging markets for fintech innovation.

The Competition Commission of India (CCI) approves subscription of units of Tower Infrastructure Trust (InvIT) by BIF IV Jarvis India Pte Ltd, British Columbia Investment Management Corporation (BCI), Anahera Investment Pte Ltd and Valkyrie Investment Pte Ltd under Section 31(1)...

Global investment firm KKR has committed to invest an additional US$150 million in KKR India Financial Services (KIFS), KKR’s alternative credit business in India.