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State-owned Punjab National Bank (PNB) has hired lawyers to represent itself in the bankruptcy proceedings of the US-based Firestar Diamond.

PNB's stake sale in housing finance arm 'credit positive': Moody's

Upon completion of the sale, PNB will retain a 19.8 per cent stake in PNB Housing Finance worth around Rs 3,000 crore.

8 April 2019 11:26 AM IST

$Jet Airways has said that the flights were cancelled over an \unforeseen operational circumstance\ and not because of the protest by pilots. (Photo: Twitter | @jetairways)$ Business

SBI seeks bids for cash-strapped Jet Airways

Jet Airways, is looking for

8 April 2019 9:52 AM IST

The lenders are cognizant that the outcome of the efforts of the Lenders will depend on the interest shown by the parties on the sale of the stake in the Company. (Photo: ANI)

Business

Jet airways lenders meet, intend to pursue bank-led resolution plan...

The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes.

5 April 2019 9:34 AM IST

PM Modi has set an ambitious target of nearly tripling the countrys total renewable energy capacity to 175 gigawatt (GW) by 2022, spurring global firms including Japans SoftBank and Goldman Sachs to invest in solar projects in India. (Photo: PTI | Representational)

Business

Suzlon defaults on USD 172 million bonds, may offload stake

The outstanding payment was part of a total bond issuance of 546.91 million dollars.

17 July 2019 11:04 AM IST

In 2011, Axis Bank acquired 4 per cent stake in Max Life for an undisclosed value.

Business

No proposal with Irdai for 10 per cent stake sale in Max Life to Axis...

During 2018-19, Max Life recorded gross written premium of Rs 14,575 crore.

9 July 2019 3:38 PM IST

This is the second time in less than two years that the government has come out with proposal for selling stake in Air India. (Photo: File)

Business

Government to sell 100 perr cent stake in Air India

Deadline for expressions of interest by bidders is March 17.

27 Jan 2020 10:11 AM IST

Jio Platforms which is set to offer a wide range of services from music streaming to online retail and payments is expected to use its 388 million mobile phone subscribers as the cornerstone of an e-commerce and digital services business to rival Amazon and Walmarts Flipkart. Jio has become Reliances growth engine, combining with the companys fast-growing retail arm to help in offsetting the decline in oil and petrochemicals. (Photo | AFP)

Technology

Google invests Rs 33,373 crore in Jio for 7.7 pc stake

With this deal, Reliance has sold 32.84 per cent stake in Jio Platforms Ltd and has raised a total of Rs 1,52,055.45...

15 July 2020 4:21 PM IST

Fortis shares gained 4.17 per cent to end at Rs 153.80 on the BSE on Thursday.

Business

Fortis Healthcare shortlists 4 entities for stake sale

Earlier this week, Fortis Healthcare initiated a fresh time-bound bidding process for its sale.

1 Jun 2018 4:05 PM IST

The Reserve Bank last month put IDBI Bank under watch by initiating Prompt Corrective Action against it.

Business

LIC-IDBI Bank deal gets clearance from Cabinet

The LIC-IDBI deal has been approved, after the meeting of Union Cabinet, chaired by Prime Minister Narendra Modi.

1 Aug 2018 4:05 PM IST

Business

IDBI Bank gets govt nod for acquisition by LIC

Post the transaction, IDBI Bank would become a subsidiary of LIC, which will have 51 per cent stake in it.

8 Aug 2018 5:38 PM IST

The government has withdrawn the preliminary information memorandum for proposed disinvestment of helicopter services provider Pawan Hans.

Business

ONGC board approves stake sale in Pawan Hans

ONGC board had first on June 29 approved exiting Pawan Hans.

6 Aug 2018 4:11 PM IST

Jet Airways stock ended the day at Rs 604.35, down 1.55 per cent from the previous close on BSE.

Business

Jet Airways denies stake sale, allays fears of debts

Jet Airways is reportedly suffering heavy losses and has been passing through a tough phase.

14 Aug 2018 8:31 AM IST