Punjab National Bank has called merchant bankers to pitch for mandates for the PNB QIP this week following which the final size of the fundraising will be decided Source URL:…

Reliance Industries, Shell, Total, BP and Essar planning to open 2,000-3,000 fuel retail outlets over the next two years Source URL: State-run fuel retailers brace for competition from private firms…

As the Iraqi Kurds halt oil output at two areas in Kirkuk due to the conflict, oil rises to a two-week high amid signals of the supply disruptions Source URL:…

Bharti Airtel, Millicom International Cellular complete deal to combine their operations in Ghana to create the second largest mobile operator Source URL: Bharti Airtel, Millicom close deal to combine Ghana…

The jump in failures to tackle bad loans underscores the challenges banks are facing in rehabilitating their assets with growth in the economy forecast to slow to a four-year low…

P2P platforms have requested the RBI to allow non-bank trust companies to act as trustees for fund transfers between the participants—investors and borrowers—on their platforms Source URL: P2P lenders seek…

The liquidation value is being used by the bidders to avoid quoting higher mark-ups, say lenders Source URL: Lenders raise concern over disclosure of liquidation value in resolution process Source…

Lenders hope transition to GST will lead to full disclosure in financial statements, which will improve firms’ credit profiles, enhance borrowing capacities Source URL: Banks rework funding strategies for MSMEs…

RCom, which is reeling under a debt of about Rs46,000 crore, had called off merger talks with Aircel, citing ‘legal and regulatory’ delays and ‘various interventions by vested interests’ Source…

The steel minister Chaudhary Birender Singh says the govt proposes to set up steel plants with scrap as the raw material, the initiative would result in saving of 65% of…