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Eih Bank

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German bank to process payments for India

In a temporary reprieve, India will pay for Iranian crude oil in euros through a German bank based in Hamburg, while a permanent solution to the payment issue will be explored at a meeting in......

Oberois may offload EIH stake

The promoters of East India Hotels Ltd, owners of the Oberoi brand and the largest hotel chain after the Tata-owned Indian Hotels and ITC Welcome Group, are in advanced discussions with leading......

Post fundraising, OYO's estimated value is pegged at $5 billion

This e-series funding round also makes OYO the most valued hospitality company in the country, ahead of the Tata group’s Indian Hotels Company, which owns the Taj brand of hotels, and EIH,......

Markets finished lower for the second straight session

Investors are worried that once the Fed starts raising interest rates, it will drain liquidity from global emerging markets. Markets registered losses for the second straight session and finished......

RIL rejigs investment portfolio; focuses on bonds, deposits

Corporate bonds and government securities seem to finding favours with cash-rich top business house Reliance Industries Ltd, whose investment portfolio happens to be one of the biggest among all......

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