Banks general
Six bidders express interest in Jet Airways
09 Apr 2019
Buy-out firms such as TPG Capital, KKR and Blackstone and international airlines such as Lufthansa, Singapore Airlines and Delta-Air France-KLM are among the entities are believed to have shown interest in the airline
RBI cuts policy repo rate by a further 25 bps to 6%
04 Apr 2019
RBI said the decision is in consonance with the objective of achieving the medium-term target for consumer price index inflation of 4 per cent within a band of (+/-) 2 per cent, while supporting growth
Vijaya Bank, Dena Bank to function as Bank of Baroda from Monday
01 Apr 2019
Customers of Dena Bank and Vijaya Bank may get new passbooks, cheque books, debit and credit cards, and even new account numbers and customer IDs
Jet Airways defaults on $140-mn ECB loan
29 Mar 2019
Nirav Modi arrested in London on PNB fraud case
20 Mar 2019
Modi allegedly cheated Punjab National Bank through fraudulent issuance of Letters of Undertakings and Foreign Letters of Credit, thereby siphoning off funds worth Rs6,498.20 from PNB's Brady House branch in Mumbai while his uncle and aide Mehul Choksi has been accused of swindling Rs7,080.86 crore, also from PNB
Jet Airways set to finalise Rs4,000-cr financing deal: report
12 Mar 2019
Under the financing agreement, promoter group stake in Jet Airways will come down to 17 per cent from 51 per cent, while Etihad will retain 24.9 per cent stake and lenders will gain 29.5 per cent through conversion of debt and fresh equity infusion, with the remaining going to a new investor
Creditor banks hope to pilot Jet Airways with 50.1% stake
15 Feb 2019
The airline aims to increase authorised share capital to Rs2,200 crore, which would include Rs680 crore of equity capital and Rs1,520 crore of preference share capital, leaving Naresh Goyal with just 20 per cent or lesser stake
IDBI Bank to become LIC IDBI Bank or LIC Bank
05 Feb 2019
Featured articles
Lighter than air, yet very, very powerful
By Kiron Kasbekar | 03 Jan 2024
In March 2013 Chinese scientists pulled off a remarkable feat. They created the world’s lightest aerogel. Tipping the scales at a mere 0.16 milligrams per cubic centimeter – that’s a sixth of the weight of air!
COP28 explained: A closer look at COP28's climate change solutions
By Aniket Gupta | 27 Dec 2023
The 28th United Nations Climate Change Conference, also known as COP28, took place from 30th November 2023, to 13th December 2023, at Expo City in Dubai, United Arab Emirates.
What is a Ponzi scheme?
By Aniket Gupta | 06 Dec 2023
Ponzi schemes have long captivated the public imagination, drawing unsuspecting investors into a web of illusion and deception.
The Rise and Rise of HDFC Bank
03 Jul 2023
HDFC, which surged ahead of global majors like HSBC Holdings Plc and Citigroup Inc and left Indian peers like State Bank of India and ICICI Bank in market capitalisation, now ranks fourth largest among the world’s most valuable banks, after JPMorgan Chase & Co, Industrial and Commercial Bank of China Ltd and Bank of America Corp
India’s Millet Revolution To Enrich Global Food Basket
02 Apr 2023
Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
Market predator Hindenburg preys on Adani stock
06 Mar 2023
Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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