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PTI
September 16, 2019
The Uday Kotak-led board of the IL&FS group, as part of the resolution process has initiated the sale of several group assets including education, waste management, technology, real estate and key international assets


BusinessToday.In
September 16, 2019
The hefty discounts come amid an unprecedented slump in the auto sector. Sale of automobiles crashed by 23.5 per cent to 18,21,490 units in August, the worst ever decline in a month on a year-on-year basis since 1997-98


BusinessToday.In
September 16, 2019
State Bank of India share price (SBI) dropped over 2% intraday on Monday after largest state-run lender reportedly scrapped its plan to list its general insurance arm on domestic bourses saying that there is no need for additional capital now.


BusinessToday.In
New Delhi, September 15, 2019
SBI Card IPO will be launched in the January-March quarter of the current fiscal and based on the valuation arrived at, SBI will take a call on the stake sale, said Rajnish Kumar


BusinessToday.In
New Delhi, September 11, 2019
The floor price for the stake sale has been fixed at Rs 770 per equity share, a 3.73 per cent discount over Wednesday's closing price of SBI Life Insurance


Dipu Rai
New Delhi, September 11, 2019
India Today's data analysis unit DIU has found that the rate of return on capital deployment in PSUs has decreased from 25.43 per cent to 14.21 per cent over nine years


Nevin John
Mumbai, September 10, 2019
When many billionaires surrendered their businesses to the Insolvency and Bankruptcy Code (IBC) -- Suzlon head Tulsi Tanti managed to scrape through the financial difficulties. The situation is not same as before


Anand Adhikari
Mumbai, September 10, 2019
There are other options available to new strategic investors to buy directly from the Yes Bank as it needs capital and more equity dilution is on the card


BusinessToday.In
New Delhi, September 10, 2019
\"We are in fairly advanced level of talks right now and it is close to being a done deal,\" Ravneet Gill, chief executive and managing director of YES Bank, said in an interview


BusinessToday.In
September 10, 2019
Treasury RA Creator, a Russia-based international financial organisation, did not provide enough information about itself to Jet Airways' insolvency resolution professional nor did it deposit the mandatory amount required to seek access to the airline's data. This may disqualify it from bidding for the grounded airline.


PTI
Mumbai, September 10, 2019
Reliance Capital Ltd held 32.12 per stake in Reliance Nippon Life Asset Management (RNAM) at June end, while the other promoter Nippon Life Insurance Company held 42.88 per cent state.


BusinessToday.In
September 9, 2019
This development comes less than a month after CDEL, owner of cafe chain Cafe Coffee Day, sold Global Village Tech Park to Blackstone. The company has been trying to divest its assets to pare its debts since the death of its founder, VG Siddhartha.


PTI
New Delhi, September 8, 2019
Bidvest had entered into an agreement with Adanis to sell its entire stake in the airport for a consideration of Rs 1,248 crore or Rs 77 a share. The Adanis had also offered to buy out ACSA at a similar price.


PTI
September 8, 2019



PTI
September 6, 2019
UCWeb Global Business Vice President Huaiyuan Yang told PTI that the company's plan to foray into e-commerce space will not have any adverse impact on Paytm, in which Alibaba owns 30.15 per cent stake


BusinessToday.In
New Delhi, September 5, 2019
The final bidders will be eligible to analyse financial data and other crucial documents related to the bankrupt airline, following which they can come up with a resolution plan


Reuters
New Delhi, September 5, 2019
Once India's biggest private carrier, Jet stopped flying in April after running out of cash, leaving thousands without jobs and pushing up airfares across the country


PTI
September 3, 2019



BusinessToday.In
September 3, 2019
Bistro Hospitality has sold its 75% stake while, TGI Fridays Inc has sold 25% stake in TGI Fridays for an undisclosed amount.


Reuters
September 2, 2019
The steelmaker proposed to close its loss-making Orb Electrical Steels site in South Wales, potentially affecting up to 380 jobs, as it was \"unable to find a way forward\" for the business


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