Srei to keep its USL share as lenders seek theirs

Karnataka High Court on December 20 annulled United Spirits stake sale to Diageo. Vijay Mallya & Diageo said they would go to Supreme Court. Diageo Plc, whose stake in United Spirits, is now......

Indian companies apply for banking licences: The complete list

The Reserve Bank of India said on Monday it had received 26 applications for new bank licences, with Tata Sons Ltd, the holding company for India's largest conglomerate, among those seeking to set......

Midcap index hits 2-month high but Sensex ends down 119 points

The broader markets witnessed some action even as benchmark shares indices slipped over 0.4% after traders remained cautious ahead of F&O expiry for the month of December on Thursday. The S&P BSE......

NBFCs Are No Longer Shadow Banks

New norms are in place to strengthen regulations for this set of lenders which has been playing a critical role in Asia's third largest economy, notes Tamal Bandyopadhyay. Illustration: Dominic......