According to three people in the know, it is exploring various options, including alliances and joint ventures, and may even exit the business altogether.
According to two independent sources in the know, the group is exploring the possibility of tapping private equity investors for a significant minority stake in the company or may even exit the business, provided it gets a significant exit premium.
After a long lull, India's equity primary market is set to witness some activity. The Multi Commodity Exchange of India (MCX) is set to hit the market with its initial public offer (IPO) in February. The investment banking circles are already buzzing with talks about valuation. Experts say, if priced well the issue could pump life into the moribund IPO market.
IL&FS, which has a mandate to sponsor, develop and commercialise infrastructure projects and provide value-added financial services, will seek to provide a wide range of investment banking services to cater to the needs of Indian and international customers in Middle East and African markets.
Jain, 48, currently the head of Deutsche Bank AG's investment banking division in London was named co-chief executive of Germany's largest lender.
Deutsche Bank made the announcement on Monday evening after a special meeting of the supervisory board ahead of its regular meeting on Tuesday, at which the bank will announce its quarterly results.
So far, nine companies have raised Rs 17,860 crore - nearly three times of last year's tally - by way of rights issues.
The move would result in around 25-30 job cuts.
Sri Lanka-born billionaire Raj Rajaratnam's defence team on Wednesday told a US jury that his trading in Goldman Sachs was not based on insider information, but a great deal of research and discussion on the investment bank, especially during the financial crisis.
Kunal Shah is one of five of India-origin to have made the cut in Goldman Sachs in the 2014 class of partners.
With India remaining a potential growth market, global banks are hiring young turks in order to ensure that no stone is left unturned in their bid to reach the top.
Japan's nuclear crisis and the devastations caused by last Friday's earthquake and tsunami are unlikely to trigger a global recession as happened in the aftermath of the collapse of the US investment bank Lehman Brothers three years ago, according to leading economists.
The move comes close on the heels of rival Credit Suisse Group announcing about 2,000 job cuts last month.
The investment bank adds that company's September-quarter earnings came in line with consensus estimates.
ICICI now plans to be more aggressive, while HDFC is in no mood to allow its bigger rival regain lost market share.
The Union Budget for 2011-12 comes at a critical juncture for the economy -- high inflation, tight liquidity, elevated fiscal and current account deficits, and a slowdown in the reform process have taken away the sheen from the India growth story.
Still, the average wealth for Indians was way below the global average of $51,000.
A leave vote means the future of Britain's financial services industry is now hanging in the balance.
FIIs have been strong buyers of shares since last year until a recent streak of selling.
Volatility in local share markets have hit India Inc's equity fund-raising plans, with the total deal value this year set to fall below the level seen in 2008.
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The bank says the rupee can reach 57-58 levels though the RBI may try to stem the volatility by starting to build reserves at 60.
The bank follows RBI discomfort with quid pro quo pact.
LIC's Rs 3,000 crore bid helped HAL reach the minimum 10 per cent dilution threshold required for listing, sources said
It has also reduced its year-end target for the BSE benchmark Sensex by 15 per cent to 18,850.
The mega real estate loan scam could delay the initial public offers of over half a dozen real estate developers because of poor investor sentiment, said bankers and analysts tracking the sector.
Many offer personalised ornaments with 3D printed images and engraved names to lure customers in a scenario of high gold prices.
India accounted for a meagre 5.1 per cent of merger and acquisition (M&A) deals among emerging countries in the first nine months this year, the lowest in the BRIC (Brazil, Russia, India and China) nations.
US federal investigators are probing whether investment banking major Morgan Stanley misled investors about mortgage-derivative deals, says a media report.
The Standard Chartered Bank is set to ask three of its executives to go on leave following complaints made by a few high net worth clients on mis-selling of products.
The financial and commodity markets will continue to roil, as China's growth moderates and readjustments are made.
The Sensex is down by nearly 22 per cent from an all-time high of 21,206.77 points scaled on January 10, 2008.
A deal with Gamesa seen valuing firm at $3 billion.
Weakness in the broader markets, along with expensive valuations that these companies had commanded during their IPOs, has led to this fall
The Securities & Exchange Board of India (Sebi) pulled up investment bankers for holding the interests of promoters above those of investors. "If you look at maximising the price for promoters, then obviously you are not looking after the interests of investors," said Sebi Chairman C B Bhave.
India, best-performing among emerging markets in the first four months of 2017, has since ceded this position to South Korea.
Radhika Gupta and Anant Jatia, start-up entrepreneurs, speak about the impetus for their unusual start up, that led them to switch countries and gamble on their futures. They also discuss what it takes to succeed with their unique business proposition, why they quit lucrative careers to start a company in India and their success mantras.
Are you managing one of your greatest assets -- yourself -- with care? Here are five ways that can help you.
Goldman says the downgrade reflects the more difficult external funding conditions for Asia as markets increasingly anticipate Fed tapering and eventual exit from unconventional monetary policies.
The Aditya Birla Group is back in acquisition mode, as group firm Aditya Birla Nuvo may bid for the carbon black division of Germany's Evonik Industries. The division, with annual sales of $1.3 billion and 1,700 employees across 12 countries, is the second largest in the world.
The estimate is way below the government's forecast of 9 per cent growth in 2011-12.
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