The finance minister wants to encourage people to move from savings to consumption
The deal, expected to be closed by the first half of 2020, is estimated to help ENGIE reduce its debt by Euro 400 million
Besides, the ED is looking into the alleged irregularities in import of pulses, and the role of Edelweiss firms in the merger of ICICI Bank with Bank of Rajasthan in 2010
Shah was summoned for the second time by ED after failing to appear last week
Claims that Sanjay Shah is director at some group companies; no other link
Rashesh Shah has been asked to appear on Monday; ED probing forex violations
The case pertains to violation of foreign exchange norms in transactions involving Mumbai-based Capstone Forex Private Limited
This ETF is an initiative of the department of investment and public asset management and the latter has given the mandate to Edelweiss AMC to design and manage the product
Edelweiss Personal Wealth Advisory has witnessed an increase of 25 per cent in its client base in Bhubaneswar in the last two financial years
Sanaka will initially invest Rs 308 crore, and a further Rs 217 crore on a later date if talks are successful
While Sanaka Growth SPV I has committed to invest around Rs 308 crore, talks are on with others for an additional Rs 217 crore
Through this partnership, Gallagher will be able to directly extend its global best practices, along with its full array of advisory services, to leading corporates in India
The company has appointed investment bankers Edelweiss and IIFL to handle the offering, which may be in the range of Rs 400-600 crore, said people in the know. The proceeds will be used to pare debt
The partnership comes after the Reserve Bank of India announced progressive Co-Origination Policy in September 2018, allowing banks and NBFCs to co-lend to a wider set of enterprise owners
The investment by Kora Management is a part of Edelweiss' plan to separate its three businesses -- credit, advisory and insurance -- into distinct entities
The NCDs offer an effective yield of 10.20 per cent per annum for 39-month tenure, 10.42 per cent per annum for 60 months and 10.64 per cent for 120 months
Edelweiss group firm Ecap Equities today bought over 3 per cent stake in Techno Electric & Engineering Company for Rs 97 crore, through open market transactions. Ecap picked up 35 lakh shares, amounting to 3.11 per cent stake in the engineering firm, according to the bulk deal data available with the NSE. Of the 35 lakh shares, 20 lakh were purchased at an average price of Rs 279.11, while 15 lakh were bought at a price of Rs 277.47 apiece. The combined value of the two transactions stood at Rs 97.44 crore. Among the sellers of the shares was J P Financial Services. Techno Electric & Engineering Company's stock ended 9.41 per cent down on the NSE at Rs 258.
Through this partnership, Indifi aims to address growing demand of working capital requirement in MSME segment
Salman Khan made brand ambassador for Indian contingent; life insurance for Indian contingent.