Blackstone to invest Rs 6,200 crore for 9.99% stake in Federal Bank

Private-sector lender Federal Bank on Friday announced that New York-based Blackstone will invest Rs 6,196.51 crore in the bank through its affiliate Asia II Topco XIII Pte Ltd via a preferential......

India Opens Doors To Foreign Banks, But...

But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay. Illustration: Dominic Xavier/Rediff   In September 2006, the Union government had put the Satara......

IDFC misused funds: NGO

Telecom Watchdog, a Delhi-based NGO, has alleged that IDFC misused funds from the India Development Fund to fund transactions in Hutch Essar Ltd. The NGO has further alleged that an IDFC company--......

'PEs that survive the next 18 months will win'

The frenzy in private equityinvestment is over, at least for now. And, gone are the days when PE investors used to virtually chase promoters. The sharp fall in markets has also delayed exit......