Edition:
India

Devidutta Tripathy

24 Apr 2017

Boutique bank Moelis eyes expansion in India amid M&A boom

MUMBAI Boutique investment bank Moelis & Co plans to expand in India where it believes economic growth and corporate restructuring will prolong a boom in dealmaking, the head of its local business said on Monday.

21 Apr 2017

HDFC Bank profit rise drives shares to record

MUMBAI Shares in HDFC Bank , India's second-biggest lender by assets, hit a record high on Friday thanks to higher than expected quarterly profit and a stable bad loans portfolio.

19 Apr 2017

Vijay Mallya granted bail in London extradition hearing

MUMBAI/NEW DELHI Flamboyant businessman Vijay Mallya, pursued by Indian authorities over unpaid loans tied to his defunct Kingfisher Airlines, was arrested in London on Tuesday and appeared in court for an extradition hearing.

13 Apr 2017

State Bank of India sees profit boost in three years after bank units merged

MUMBAI The head of State Bank of India , the country's largest lender, said she expects a boost to annual profit of as much as 30 billion rupees ($465 million) in three years on cost and efficiency gains from the absorption of associate banks.

03 Apr 2017

SBI sees cost savings, no bad loans surprise after merger with units

MUMBAI State Bank of India, the nation's top lender by assets, expects no nasty surprises on bad loans after merging five subsidiary banks with itself at the weekend in a deal that will help it save costs and gain scale, senior executives said.

25 Mar 2017

SEBI accuses Reliance of wrongful share trading

MUMBAI India's market regulator accused Reliance Industries on Friday of having committed a "fraud" in taking a short trading position at the time of selling a stake in a subsidiary in 2007, ordering it to surrender 4.5 billion rupees ($69 million) plus interest in "unlawful gains".

25 Mar 2017

State Bank of India says to begin process for life insurance arm IPO

MUMBAI State Bank of India, the nation's top lender by assets, said on Friday it would begin the process for an initial public offering (IPO) of its life insurance arm, with plans to sell a 10 percent stake.

23 Mar 2017

Finance ministry calls banks to discuss new facility to drain cash

(Corrects to clarify "Finance ministry" instead of "Finance minister" in the headline)

22 Mar 2017

Indians leave bankers in the cold in $23 billion telecoms mega-deal

HONG KONG/MUMBAI Investment banking business in India should be enjoying bumper fees after a record year of dealmaking. It's not, and big banks blame in-house teams of advisers that have proliferated as the country's top family-owned conglomerates tighten their grip.

22 Mar 2017

Indians leave bankers in the cold in $23 billion telecoms mega-deal

HONG KONG/MUMBAI Investment banking business in India should be enjoying bumper fees after a record year of dealmaking. It's not, and big banks blame in-house teams of advisers that have proliferated as the country's top family-owned conglomerates tighten their grip.

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