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Swiggy trails Zomato despite bigger discounts: Jefferies; Paytm’s 75% stock drop sets world recordAggressive discounts aren’t a guarantee of success in online food delivery, it seems. According to a report published early today by Jeffer...- Paytm’s 75% slump is world’s worst for large IPOs in a decadePaytm’s grim first anniversary underscores an erosion of confidence in its ability to become profitable after debuting at a time when India...
- Spanish bank BBVA poised to axe 3,800 jobs: Union"BBVA wants to lay off 3,800 people. These redundancies would affect 16 percent of the workforce, 3,000 in the branch network and another 8...
- Spain's CaixaBank to axe 8,300 staff, union saysCompleted at the end of March, the merger has transformed the landscape of Spanish banking with the new entity retaining the Caixabank name...
- Caixabank may cut up to 8,000 jobs after Bankia merger: MediaA Caixabank spokesman, when asked about the newspaper report, said he could not confirm the number of any potential job cuts.
- Spanish banks merge in sign of hard economic times aheadThe deal comes as Europe's financial sector braces for lean times. With banks' profitability in recent years already dented by low interest...
- View: PSU bank mergers road to somewhere, but not reformsDoes a larger, even potentially world-scale bank mean a more efficient bank?
- Ex-IMF chief as he enters prison: I ask forgivenessFormer International Monetary Fund chief Rodrigo Rato is apologizing for his crimes as he starts a 4½-year prison sentence for misusing a S...
- All aboard for Europe's shrinking bank branch networkBanks have shut about 20,000 branches across Europe in the last four years, including 5,500 last year and 7,200 in 2011.
- EU approves Spain's bank recast plan, opens door for 40-bn aidEC gave the go ahead to Spain to overhaul its stricken nationalised banks on Wednesday and opened the door for a nearly 40-bn Eurozone aid ...
- Fitch cuts 18 Spanish banks, warns of more across EuropeFitch Ratings, citing the potential of loans at some lenders to deteriorate, cut its credit ratings on 18 Spanish banks.
- How Spain landed in a mess due to its banking crisisMariano Rajoy said more Spaniards will lose their jobs in a country where one out of every four are already unemployed.
- Spain may seek bailout from EU soonSpain appeared to be on the verge of seeking a bailout from the European Union this weekend to avert a meltdown of its troubled banking sec...
- Spain's hurting banks at heart of eurozone chaosSpain is under increasing pressure to find a quick way to save its troubled banking sector from collapse.
- Policy inaction, Spain crisis drive rupee down to new lowPolicy inaction has led to overseas investors holding back investments into India, a key source of USD to fund imports.
- Spain slips back into recession on bank crisis; struggles to reduce budget deficitSpain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession.
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