Tata Capital eyes Rs 1.38 trn mcap in largest NBFC IPO

Tata Capital is set to launch India’s largest ever initial public offering (IPO) by a non-banking financial company (NBFC), valuing the Tata group firm at Rs 1.38 trillion. Illustration: Dominic......

Spice Telecom, Bajaj Capital in ICL's bag

According to sources, the breakaway league has managed to rope in Spice Telecom and Bajaj Capital as ground sponsors. Reliance Communications and Manikchand Group may also come on board soon. With......

Board nod must for bank entities to do same biz: RBI

The Reserve Bank of India (RBI) on Friday allowed multiple entities in a bank group to undertake the same business as long as they cater to different client segments, while mandating board approval......

Sensex down 278 points; Nifty ends below 26,000

Snapping the six-day winning streak, benchmark Sensex dropped by nearly 278 points and the Nifty closed below the 26,000-mark due to profit-taking in IT, metal and capital goods shares amid a weak......