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Ex-Peak XV trio raises Mettle; Fintechs go licence huntingHappy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and mor...- When the acquisition looks great but the footnote doesn't: How Indian managements turn deals into balance-sheet fictionAcquisitions are among corporate finance’s most celebrated events. But the harder story usually emerges later, when the accounting begins t...
- RBI proposes upper layer NBFCs to be defined by absolute asset size of ₹1 lakh crore+Reserve Bank of India is proposing a new rule for identifying top NBFCs. A simple asset size of Rs 1 lakh crore will now determine classifi...
- Delhi court defers order on BRS MLC K Kavitha's bail plea for May 6 in excise policy caseDelhi's Rouse Avenue Court postpones K Kavitha's CBI bail plea verdict to May 6. Arvind Kejriwal's custody extended in excise policy case t...
- Excise policy case: Delhi court extends judicial custody of Manish Sisodia, others till May 8Judicial custody extended for Sisodia, Nair in Delhi excise scam. ED to digitize documents. Kejriwal, Kavitha also in custody. AAP labeled ...
- Delhi government has power to float New Excise Policy 2021, observes High CourtThe bench said that change is inevitable and new excise policy is no exception and stated that to withdraw from the sale and distribution, ...
- Bidding for retail licences to supply liquor in 12 zones of Delhi to open on FridayFresh bid for grant of 12 zonal retail licences for supply of Indian and Foreign Liquor, except country liquor, in Delhi during the financi...
- HC refers plea challenging Delhi's new Excise Policy to bench already hearing another petitionThe court was hearing a petition by Ashiana Towers and Promoters Pvt Ltd, seeking to quash the June 28 e-tender notice of Delhi government,...
- Delhi allows home delivery of liquor; take-away of draught beer from micro-breweries also permittedThe rules also permit the holders of the necessary licences to serve liquor in open spaces such as terraces, the courtyards of clubs, bars ...
- L&T-MHPS Boilers signs technology licence pact with MHPSThe new emission norms, for coal-based thermal power plants in India, introduced limits on oxides of nitrogen emissions.
- Losers in banking licence race take a knock; fall up to 10%The bank licences were awarded a day after the Election Commission granted approval to the RBI to go ahead with the process.
- Bimal Jalan panel on bank licences submits recommendations to RBIJalan panel, which scrutinised applications for new bank licences, submitted its report along with shortlisted entities to the Reserve Bank...
- Banking on hope: IDFC, L&T Finance rally as much as 5%Reacting to the news, IDFC rallied as much as 3.7 per cent and L&T Finance Holdings Ltd rose nearly 4.9 per cent in trade today.
- NBFCs rally as Rajan reiterates RBI's plan on new bank licences in Jan 2014New banking licences would be issued by the end of January 2014, while the central bank is also contemplating 'on-tap' issuance of licences...
- Tata, Birla, India Post among 26 applicants for bank licenceOther applicants include Reliance Capital, controlled by billionaire Anil Ambani, and Aditya Birla Nuvo Ltd, part of the diversified Birla ...
- Tata, Birla, Ambani and India Post among big names vying for a banking licenceLesser-known names such as Suryamani Financing Co, auditing firm INMACS Management Services and Smart Global Ventures, have also thrown the...
- Rural bank norms may stump new aspirantsThe decision to issue new bank licences-the last time they were issued was nine years ago-is part of the government's financial inclusion p...
- Market picks up possible bank licence winnersShares of NBFCs like Religare, L&T Finance, SREI & Bajaj Finserve gained between 3% and 9% while Indiabulls, India Infoline and Shriram Cit...
- Stock of banking aspirants up as RBI invites applicationsStock of L&T Finance was up 5 pc, while that of Reliance Capital was up 1.02 pc, as both the companies said they will apply for the licence.
- L&T Finance to go ahead with Rs 1,750-crore IPOL&T Finance would be the first of the independent companies from L&T's umbrella to hit the capital market with an initial public offer.
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