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EXCLUSIVE: Ajay Piramal believes that if banks won't lend to long-term projects, India will need to revive the likes of IDBI and IFCI

Banks are hesitant to give out loans, and borrowers are worried about the existing payments they ha…

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1 min read

Govt to infuse Rs 200 crore in IFCI next fiscal

"The (Rs 200 crore) provision is for equity support to Industrial Finance Corporation of India (IF…

PTI   


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IFCI posts net profit of Rs 335.38 crore in Q3

"During the current quarter, the company has realised Rs 883.03 crore by sale of equity shares of …

PTI   


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NCLAT rejects IFCI plea, says can't seek fresh insolvency against guarantor

IFCI had contended that liability of ACCIL Hospitality was joint and coextensive with that of the …

PTI   


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Sebi fines Rs 9 lakh on Zee Group for shareholding disclosure lapses

During the examination, the regulator observed that IFCI Ltd had invoked pledge in respect of certa…

PTI   


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V Satya Venkata Rao takes charge as Dy Managing Director SIDBI

He has handled several departments including legal, human resource, corporate communications and w…

PTI   


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Twitter's explanation on showing Ladakh as part of China deemed inadequate by India

Representatives of Twitter appeared before the joint committee of parliament on Data Protection Bil…

PTI   


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Union Minister Smriti Irani tests positive for COVID-19

India’s Union Minister Smriti Irani announced that she has tested positive for COVID-19 on Twitter …

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2 mins read

Govt headhunter suggests P R Jaishankar's name for IIFCL MD post

Keeping in view their performance in the interface and their overall experience, it said, the Bure…

PTI   


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1 min read

SBI plans to sell 1 pc stake in NSE; invites bids

New Delhi, Jan 3 () The country's largest lender SBI on Friday said it is looking to sell 50 lakh s…

PTI   


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SBI plans to sell 1 PC stake in NSE; invite bids

New Delhi, Jan 3 () The country's largest lender SBI on Friday said it is looking to sell 50 lakh s…

PTI   


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IDBI Bank's board approves appointment of Anshuman Sharma as govt nominee director

"The Board of Directors has approved the appointment of Anshuman Sharma, Director, Ministry of Fin…

PTI   


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Govt nominates Sanjeev Kaushik on board of Indian Bank

New Delhi, Jan 27 () The government has nominated additional secretary at the Ministry of Finance, …

PTI   


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Bihar election sees 18% voting but technical glitches in 75 voting machines hassle voters

Voters waited in queues of over an hour and some even returned home without casting votes as tec…

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One thing we now know for sure is in the budget proposals⁠— a new infra lending institution

This kind of a lending body was one of the demands from the industry for a while now especial…

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Rajesh Nambiar appointed as Cognizant's new India MD & Chairman

Cognizant on Wednesday announced that Rajesh Nambiar has been appointed as the Chairman and Managin…

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Amalgamated PNB gets onboard Vijay Dube, Sanjay Kumar as executive directors

Dube holds Masters Degree in Business Administration from FMS Delhi, University of Delhi, and a Po…

PTI   


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Building blocks of life discovered in Titan’s atmosphere — NASA discovers a ‘weird’ molecule on Saturn’s largest moon

This is a big deal because out of over 200 moons within our solar system, and 62 that belong to …

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4 mins read

Indian companies are hiring more interns than before to save costs and make up for workforce shortage

The spread of coronavirus has shaken our social system, rattled our economies, shut down businesses…

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India sets up a new bank for big infrastructure projects as it aims to raise $41 billion in a few years

India’s Finance Minister Nirmala Sitharaman announced that the Indian government has approved the s…