Search Results for:Anto Antony

India to inject $290m into Punjab National Bank to aid bond payment

India’s third-largest state-run lender will issue preferential shares to the government.

Facebook set to roll out WhatsApp payment services pan-India for bigger share

Facebook Inc. is set to offer its WhatsApp payment services to the whole of India as early as next week in an attempt to win market share, even though its partners aren’t all ready, said people familiar with the matter. The messaging app will partner HDFC Bank Ltd., ICICI Bank… Read more »

Deutsche Bank said to have called off $4.6b India portfolio sale

The German lender is considering keeping the operations after former Chief Executive Officer John Cryan stepped down this month.

Binani Cement lenders to consider Birla’s last-minute $1.1b bid

The move would overturn a decision the lenders made last month to support an offer from a rival consortium that includes Dalmia Bharat, and a Bain Capital-backed fund.

Bain-backed Dalmia bid said to win lenders’ backing for Binani

The process could be delayed as UltraTech, India’s biggest cement maker, has approached the NCLT with complaints on how the Binani sale process was run.

WhatsApp dips toes into India’s digital payments market

At stake is an Indian digital payments market that Credit Suisse Group AG estimates could be worth $1 trillion within five years.

How Blackstone turned India into its top-performing market globally

Blackstone recorded an annualized internal rate of return of about 30% on its India PE investments since 2011, the highest among its markets worldwide.

India’s HDFC Bank appoints arrangers for $2.38b share sale

HDFC Bank plans to raise the bulk of the funds from international investors through a sale of ADRs, with the rest to come from selling stock in India.

GIC-backed Indian lender Bandhan Bank to raise $689m in IPO

Funds raised from the sale will be used to bolster the lender’s capital adequacy ratio.

India: Essar Steel $6b sale faces fresh delay as creditors postpone decision on bids

State Bank of India is among the biggest Essar Steel creditors.