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Govt sells Axis Bank stake for over $900 mln, say sources

The government had appointed Citigroup Inc, JPMorgan Chase & Co and India's JM Financial Ltd to manage the stake sale in Axis Bank.  The government has raised more than $900 million by selling......

3 banks to help govt sell Axis shares

India has chosen JPMorgan Chase & Co, Citigroup Inc and JM Financial Ltd to help sell half of the government's stake in Axis BankLtd valued at $925 million, said three people involved in the......

Sebi plans rules for foreign brokers

Will mull bringing under own ambit all financial products from abroad sought to be sold to Indians. The Securities and Exchange Board of India (Sebi) will introduce rules for wealth management and......

MF assets plunge by Rs 58,000 cr in March

India's mutual fund industry, led by market leaders Reliance Mutual Fund, ICICI Prudential and UTI MF, has witnessed a fall of over Rs 58,000 crore (Rs 580 billion) in its assets during......

Banking, finance rule the roost

While the older Indian Institutes of Management have just kicked-off their final placements, the younger ones are putting up a good show. Though the banking and financial services sector has been......
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Sensex jumps 103 points up on global cues, strong rupee, Nifty settles at 8,177; Hindalco up over 9%

3.30 pm: Domestic equity markets rose for a sixth consecutive trading session on Wednesday on account of positive global markets and strong... ...
In KM Birla's 20-year transformation, a mix of caution and ambition

Mumbai: When the 28-year-old landed at Bombay's international airport 20 years ago from the US with the coffin of his industrialist father, the... ...
Parag Milk Foods files for IPO to raise Rs325 crore

Mumbai: Dairy firm Parag Milk Foods Ltd and infrastructure firm GVR Infra Projects Ltd on Thursday filed their draft initial public offering (IPO)... ...
Future Generali India announces key leadership appointments

Previous story: DY Works appoints Amrita Chowdhury as Business Head Next story: Clean Yamuna event organized by Shri Yamuna Seva Samiti and... ...
Leelaventure may sell 24% stake to cut debt

Mumbai: Hotel Leelaventure Ltd may sell at least 24% stake to a financial investor to reduce debt as it charts an asset-light model for expansion,... ...

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Coming to India and making

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