Finance - general

RBI clears Hinduja Group acquisition of Reliance Capital

19 Nov 2023

Reserve Bank of India (RBI) on Friday approved a Rs9,650 crore debt resolution plan submitted by IndusInd International Holdings Ltd (IIHL), allowing the Hinduja Group firm to take over the assets of Reliance Capital.

Fedbank Financial Services IPO to open on 22 November

17 Nov 2023

Fedbank Financial Services Ltd, a non-banking financial company promoted by Federal Bank Ltd, has come out with an initial public offer (IPO), which will open for subscription on 22 November

IREDA looks to raise Rs2,150 through IPO priced at Rs30-32 a share

15 Nov 2023

State-run Indian Renewable Energy Development Agency’s (IREDA) Rs2,150-crore initial public offer (IPO) will open for subscription on Tuesday.

Sahara Group founder Subrata Roy passes away

15 Nov 2023

Subrata Roy, founder of the Sahara Group, an all-inclusive business empire that spanned sectors, including finance, real estate, aviation, media, health and hospitality, passed away on Tuesday.

RBI stops Bajaj Finance from digital lending

15 Nov 2023

The Reserve Bank of India (RBI) has directed Bajaj Finance Ltd to stop sanction and disbursal of loans under its two lending products ‘eCOM’ and ‘Insta EMI Card’, with immediate effect.

Byju's faces a $1.2 billion loan default fallout as lenders assume control of key units

10 Nov 2023

In a significant development for Byju's, once considered one of India's premier tech startups, lenders have formally declared a default on a $1.2 billion loan as they take control of a vital unit of the education technology provider

Adani Green Energy initiates negotiations with international financial institutions for a $1.8 billion loan

03 Nov 2023

Adani Green Energy, the renowned renewable energy company owned by industrialist Gautam Adani, is reportedly in advanced discussions with a consortium of international lenders to secure a potential loan of up to $1.8 billion.

Adani Green Energy initiates negotiations with international financial institutions for a $1.8 billion loan

03 Nov 2023

WeWork faces imminent bankruptcy filing amid mounting debt woes

01 Nov 2023

Troubled flexible workspace provider WeWork is on the brink of filing for bankruptcy as early as next week. The SoftBank Group-backed company, grappling with a staggering debt load

Study reveals global billionaire tax could generate $250 billion annually

23 Oct 2023

The EU Tax Observatory suggested on Monday, 23 October, 2023, that governments should introduce a global minimum tax on billionaires

Direct tax collection on track to exceed budget target, says CBDT chairman

11 Oct 2023

Central Board of Direct Taxes (CBDT) chairman Nitin Gupta, during a recent address, expressed his strong confidence that the current fiscal's direct tax collection

RBI’s digital currency has 1.5 million users, 300,000 merchants, says governor

10 Sep 2023

Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said the central bank digital currency (CBDC) now has around 1.5 million users and that over 300,000 merchants