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RBI's stand on FDI from Mauritius to slow down PE inflows in NBFCs

Some $1-1.5 billion annual inflows in NBFC space likely to be impacted with RBI move

Peace of wisdom dawns on AIADMK as Palaniswami masters internal challenges

The party has been facing turbulent times, such as power struggles, divisions among top leaders and ministers, and the absence of a charismatic leader after Jayalalithaa

Chhattisgarh and Tamil Nadu top Projecx new investment table in Q2FY21

Chattisgarh topped the table by attracting fresh investment of Rs 35,771.3 cr in the form of 114 projects while Tamil Nadu was ranked second with 132 new projects worth Rs 23,331.85 cr

Balancing tradition and new systems key for old, traditional banks: Experts

These banks need to understand their limitations and balance tradition with new age banking systems, they say

CARE Ratings downgrades LVB debt instruments over plunge in net worth

Development follows Brickwork Ratings downgrade of long-term bonds of about Rs 50 cr and LVB receiving an indicative non-binding offer from Clix Group

Ashok Leyland's output at 75% of pre-Covid levels: COO Anuj Kathuria

In a Q&A, Anuj Kathuria dwells on the segment shift towards intermediate commercial vehicles (ICVs) and tippers

Madras HC orders formation of panel to ensure self-reliance in cancer drugs

In its judgment the court said India can not be dependent on China for APIs and ordered the formation of a five member committee to ensure self-reliance

Govt begins micro-planning for administering Covid-19 vaccine to the masses

Centre has asked states to update databases, train manpower, indicate resource requirements

Clix Group submits offer for up to 90% stake in Lakshmi Vilas Bank

Clix, backed by AION Capital, had submitted its letter of intent to LVB on June 15

Valli Arunachalam issues legal notice to Murugappa family members, others

The development comes after the shareholders of AIL voted against the induction of Arunachalam into its board

Passenger vehicle retail sales up 9.81% in September to 195,665 units

Other than PVs, tractors remain the only segment to show growth in sales while all the other segments continue to be in red

Lakshmi Vilas Bank gets indicative non-binding offer from Clix Group

The bank's weakening performance, rising slippages in corporate book and the impact on profitability and risk-weighted asset portfolio may further increase capital requirement

Ex-Cognizant CMD Ramamoorthy joins advisory team of Chennai Math Institute

He had quit Cognizant in July to pursue his personal interest in the field of education

CK Rajkumar, entrepreneur and founder of Sujatha Bio Tech passes away

Rajkumar owned brands like Nivaran 90 and Velvette shampoo

Tamil Nadu to set up advanced manufacturing hub in partnership with WEF

It will boost end-to-end manufacturing of higher-tech products, higher-value sectors in the state, say officials

Brickwork Ratings downgrades Lakshmi Vilas Bank's tier-II bonds

LVB's deposits ran down to Rs 23,565 crore in Q3FY20 and Rs 21,443 crore in Q4FY20

Tamil Nadu Assembly elections 2021: Palaniswami to be AIADMK's CM candidate

AIADMK has also appointed an 11-member steering committee, with six members from the E Palaniswami camp and five from the O Panneerselvam camp

Anand Mahindra joins other investors to back robotics start-up Genrobotics

Kerala-based enterprise has been working to eradicate manual scavenging, raises Rs 2.5 cr in pre Series A round

New programme gives HDFC Bank customers financing at Apollo Hospitals

The HealthyLife Programme is created exclusively for HDFC Bank customers

Chargebee, start-up that helps companies in billing, raises $55 mn

Insight Partners led the financing round, with existing investors Steadview Capital and Tiger Global joining in. The nine-year-old start-up has raised $105 million to date