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Infrastructure focused Sadbhav to merge it's listed EPC and BOT businesses

Mumbai, Oct. 20 -- Infrastructure focused Sadbhav group is merging its two listed entities Sadbhav Engineering Ltd, the flagship EPC services business and its listed subsidiary Sadbhav Infrastructure ... Read More


ZEE makes 170 cr provisions owing to loan troubles

Mumbai, Oct. 18 -- Zee Entertainment Enterprises Ltd (ZEEL) on Thursday said it was forced to make provisions worth 170 crore in the quarter ended 30 September, due to delay in the recovery of a loan ... Read More


ZEEL revenue rises 7.4%to Rs.2,122 crore in Sep quarter

New Delhi, Oct. 17 -- Zee Entertainment Enterprises Ltd (ZEEL) on Thursday said it was forced to make provisions worth Rs.170 crore in the quarter ended 30 September, due to delay in the recovery of a... Read More


Lenders approve JSW Energy's resolution plan for Ind-Barath's 700 MW power plant

New Delhi, Oct. 14 -- JSW Energy Ltd, the power generation business of Sajjan Jindal's JSW group, on Monday said that a committee of creditors overseeing the insolvency resolution of Ind-Barath Energy... Read More


NCLAT stays sale of Bhushan Power to Sajjan Jindal's JSW Steel

Mumbai, Oct. 14 -- A National Company Law Appellate Tribunal (NCLAT) bench on Monday stayed the sale of stressed steel maker Bhushan Power and Steel Ltd (BPSL) through the insolvency and bankruptcy pr... Read More


Reliance Capital to sell 100% stake in Reliance Securities in management buyout

Mumbai, Oct. 11 -- Anil Ambani-controlled Reliance Capital Ltd on Friday said that the existing management team of its broking business - Reliance Securities group - has entered into a binding agreeme... Read More


RBI setback for Lakshmi Vilas Bank, Indiabulls

Mumbai, Oct. 10 -- The Reserve Bank of India (RBI) on Wednesday rejected the proposed merger between Lakshmi Vilas Bank and Indiabulls Housing Finance Ltd, scuppering the attempt by the non-bank lende... Read More


Lakshmi Vilas Bank-Indiabulls Housing Finance merger plan shot down by RBI

Mumbai, Oct. 10 -- The Reserve Bank of India (RBI) on Wednesday rejected the proposed merger between Lakshmi Vilas Bank and Indiabulls Housing Finance Ltd, scuppering the first ever attempt by a non-b... Read More


Bansal-led firm gets CCI nod to acquire Essel mutual fund

Mumbai, Oct. 9 -- Flipkart co-founder Sachin Bansal seems to be doubling down on his bet on the financial services sector, targeting Essel group's mutual fund business and making yet another debt inve... Read More


Edelweiss, KKR non-banks latest to face cuts in ratings

Mumbai, Oct. 9 -- Rating company Crisil on Monday lowered by a notch the credit ratings of non-bank lenders owned by private equity (PE) firm KKR & Co. and financial services group Edelweiss, in the l... Read More