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United Bank of India and Srei are the first in the industry to enter into an arrangement for co-origination of loans under the Co-origination Model between Banks and NBFCs (non-deposit taking) for providing competitive credit to priority sector.

Srei, United Bank team up to offer MSME loans

As a starter, Srei Equipment and UBI have already organised loan utsavs across 20 cities including Delhi.

31 Oct 2019 1:24 AM IST

Led by the sharp fall in its shares, Vodafone Idea witnessed an erosion of Rs 3,792.58 crore from its market valuation which is now at Rs 12,442.42 crore.

Vodafone Idea seeks debt recast

Firm tells lenders it wonâ€™t be able to honour commitments for long.

31 Oct 2019 1:16 AM IST

Air India has a debt burden of around Rs 58,000 crore.

Air India seeks USD 819 million loan for 7 Boeing planes

Out of the total USD 819 million bridge loan, an amount of USD 135 million will be for B777 plane.

30 Oct 2019 7:02 PM IST

IndiGo on Tuesday announced that it had placed an order for 300 A320neo family aircraft, comprising A320neos, A321neos and A321XLRs. (Representational Image)

IndiGo becomes member of global airlines body IATA

The announcement came after IndiGo-'s expansion of international flight operations this year.

30 Oct 2019 5:26 PM IST

The bank has not provided details about the value of the stake sale.

IDBI Bank sells over 0.72 per cent stake in NSE

IDBI Bank has sold an aggregate 35.40 lakh equity shares constituting 0.72 pc out of 1.5 pc of the paid-up capital of...

30 Oct 2019 4:33 PM IST

FCA does not have a very strong position in Europe compared to PSA with its French and German brands.

Fiat Chrysler and Peugeot in talks to create $50 bn car giant

FCA-'s board of directors is expected to hold an emergency meeting on Wednesday.

30 Oct 2019 4:05 PM IST

Aramco is believed to be planning to sell the rest of a planned tranche of five per cent of the firm on an international bourse.

Aramco IPO will be Saudi crown prince-'s decision: minister

Aramco was expected to launch the first part of a two-stage IPO earlier in October.

30 Oct 2019 2:57 PM IST

The initial public offering (IPO) was slated for fresh issue of shares worth Rs 200 crore, besides an offer of sale of 79,489,821 shares by Reliance Capital.

Reliance General Insurance scraps IPO plan; withdraw offer documents

Reasons for withdrawal of the offer documents have not been disclosed.

30 Oct 2019 2:33 PM IST

In August, the company said it will pick up a minority stake in Indias Future Retail Ltd which owns several supermarket brands. (Representational image/ Photo: AFP)

Amazon pumps in more than USD 600 million into India units

The company did not immediately clarify where or how the money would be used.

30 Oct 2019 1:08 PM IST

The term of each CCD shall be 18 months from the date of allotment, unless converted earlier by the holder of the CCD.

Piramal Ent seeks shareholders-' nod to raise Rs 1,750 cr from...

As part of the agreement, Piramal Enterprises will issue and allot 1,15,894 CCDs at a face value of Rs 1.51 lakh.

30 Oct 2019 1:04 PM IST

The Supreme Court made it clear that there would no further litigation on the issue and it would fix a time frame for calculation and payment of dues by the telecom companies.

Amid financial bailout buzz, Vodafone Idea, Airtel shares jump by 8.5...

Indian government has created a panel to work out a financial bailout package that may include lowering of spectrum...

30 Oct 2019 12:25 PM IST

IndiGo on Tuesday announced that it had placed an order for 300 A320neo family aircraft, comprising A320neos, A321neos and A321XLRs. (Representational Image)

IndiGo shares jump 5.5 per cent after three-day fall

The scrip of India-'s largest private airline, IndiGo, climbed 5.36 per cent to Rs 1,485.95 on the BSE.

30 Oct 2019 12:03 PM IST