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Udaan faces creditor heat; Bhavin Thurakia's fifth rodeoCreditors have dragged B2B ecommerce firm Udaan’s parent to Singapore court over a bond default. This and more in today's ETtech Top 5.- PSBs told to tighten scrutiny of government accounts amid fraud concernsIn response to a staggering ₹590 crore fraud uncovered in Haryana government accounts, the finance ministry has mandated that public sector...
- PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...
- West Bengal election results put these 43 stocks under spotlight. Will BJP's win be a trigger?Early West Bengal election trends putting BJP ahead of TMC have pushed stocks like Bandhan Bank, CESC, and Berger Paints into focus. Invest...
- Iran conflict and global risks slow GCC expansion in IndiaGlobal geopolitical tensions are slowing new technology centre openings in India, with a dip in brownfield expansions due to macro uncertai...
- Volatile geopolitics slows GCC in MarchGlobal geopolitical tensions are impacting new technology center openings in India. While the number of new centers slowed, existing ones a...
- EV financing platform Astranova Mobility raises Rs 60 crore from IvyCap, ADB, Trucks VCMundra, who is the CEO of the startup, said a significant portion of the capital will be deployed to strengthen data, AI and engineering ca...
- The nation is with you: Prime Minister Narendra Modi to ISROLearnings from today will make us stronger and better; there will be a new dawn, Modi said.
- CBI charge-sheets Rotomac promotersA consortium of seven nationalised banks has given loans worth Rs 2,919 crore to Rotomac Global Pvt Limited from 2008 onwards, the CBI FIR ...
- Lenders decline additional extension to Rotomac firmsRotomac Exports and Rotomac Global will now be auctioned by the bankruptcy court.
- Rotomac companies set to be shut nowRotomac Exports and Rotomac Global, firms promoted by banking-fraud accused Vikram Kothari, will now be auctioned by the bankruptcy court.
- Will Rotomac companies face liquidation?Bank of India, Bank of Baroda, Oriental Bank of Commerce, Allahabad Bank, Union Bank of India, and Bank of Maharashtra have jointly lent cl...
- Microfinance institutions are struggling for survival. Here's whyUnlike banks, which have multi products and an assured deposit base, micro lenders are dependent on markets for funds, which turn hostile a...
- IDFC plans to hire 1500 personnel for banking operationsIDFC was selected along with micro-lender Bandhan to start a bank with universal offerings by the RBI in April in the first round .
- SKS Trusts may contest rejection of berth on Microfinance board by approaching CLBSKS Trusts, which was denied a berth on SKS Microfinance Limited Board, said it will look at approaching the Company Law Board.
- Vikram Bakshi owes us Rs 75 crore, says Hudco CMDHudco has filed a criminal case under Negotiable Instruments Act against McDonald's estranged Indian partner.
- SKS Microfinance says its shareholders have no right to nominate directorsSKS Microfinance today said none of its shareholders have any right to nominate a director on the company board.
- Sandy Weill says US lenders should be broken up to protect taxpayersSandy Weill, who ushered in the era of supermarket banks with the creation of Citigroup Inc, said US lenders should be broken up to protect...
- Vikram Pandit bets big on emerging markets, rise of new middle classVikram Pandit, who steered Citigroup through a $45-billion government bailout, has staked his bank’s future on emerging markets. Citi now e...
- Citi may sell stake in HDFC, says media reportWorld's biggest lender Citigroup may sell its stake worth 2-billion dollar in the country's leading mortgage lender HDFC, a British media r...
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