Economic Slowdown

Economic Slowdown

"The Ant Group Board of Directors has accepted Mr. Simon Hu's resignation request, due to personal reasons," the company said.

Ant Group CEO Simon Hu resigns due to personal reasons

Mar 12, 2021

Hu's exit comes at a time when Ant Group is working on plans to shift to a financial holding company structure following regulatory pressure to subject it to rules and capital requirements similar to those for banks.

Lakshmi Vilas Bank to raise fund amounting to Rs 500 crore by way of rights issue

Lakshmi Vilas Bank to raise Rs 500 crore via rights issue

Oct 15, 2020

Lakshmi Vilas Bank's board has approved raising of up to Rs 500 crore through issuance of shares on rights basis to existing shareholders