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Business  /  Published 23.09.21

Vinod Rai voted out of IDFC board

Shareholders of IDFC Ltd have rejected the re-appointment of Vinod Rai as a non-independent and non-executive director on its board. Rai, the former Comptroller and Auditor General of India (CAG), wa...
By Our Special Correspondent in Mumbai

Business  /  Published 01.08.21

NTPC net up 17%

State-owned power giant NTPC on Saturday posted a nearly 17 per cent rise in consolidated net profit at Rs 3,443.72 crore for the April-June quarter on the back of higher revenues. Profit of the comp...
By PTI in New Delhi

Business  /  Published 05.04.19

Lakshmi Vilas, IBH to merge

Mid-sized private sector lender Lakshmi Vilas Bank (LVB) is merging with Indiabulls Housing Finance (IBH), a move that will give the latter yet another shot to become a bank.The boards of both the ent...
By Our Special Correspondent in Mumbai

World  /  Published 11.02.20

Fund to free Indo-Pacific of 'Chinese influence'

The Trump administration has proposed USD 1.5 billion in budgetary allocation for 2021 fiscal for the strategic Indo-Pacific, which it said was part of its efforts to ensure that the region remains fr...
By AP in Washington

Business  /  Published 05.05.20

ICICI joins funds chase

ICICI Bank has joined peers such as IDFC First Bank, Kotak Mahindra Bank and RBL Bank to announce a fund raising plan as it beefs up its capital base.In a late evening communication to the bourses on ...
By Our Special Correspondent in Mumbai

Business  /  Published 01.05.20

IDFC First Bank plans

IDFC First Bank on Friday said it will raise a fresh equity capital of Rs 2,000 crore from investors, including its promoter and a Warburg Pincus firm. The decision was taken on Friday at the meeting ...
By PTI in New Delhi

Business  /  Published 15.03.20

Yes Bank's quarterly loss soars to Rs 18,564 crore

Yes Bank, the troubled private sector lender which is set to come out of a moratorium on Wednesday, reported a huge Rs 18,564-crore loss for the third quarter ended December 31, 2019, as provisions ju...
By Our Special Correspondent in Mumbai

Business  /  Published 07.09.19

Coffee Day appoints adviser

Coffee Day Enterprises (CDEL) on Saturday said it has appointed IDFC Securities as an adviser to identify strategic options and advise it on refinancing existing debt.The strategic options include div...
By Our Special Correspondent in Mumbai


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