Karvy Financial Services, non-banking finance company (NBFC) of the Karvy Group, hopes to raise Rs 150-200 crore from PE investors.

Karvy's NBFC arm eyes Rs200-cr PE funding

Business Standard

Encouraged by the change in FDI regulations, India&rsquo;s logistic companies are increasingly taking the private equity route to fund their expansion plans.

Logistic firm JM Baxi in talks to raise Rs 150-200 cr

A former Goldman Sachs director, Rajat K Gupta, may remain free on bail while he challenges his insider-trading conviction, a federal appeals court ruled on Tuesday.

Rajat Gupta to stay free pending his appeal

Citigroup announced on Wednesday that it would cut 11,000 jobs, reducing its work force by roughly 4 per cent in an effort to cut costs.

Citigroup to cut 11,000 jobs and take $1-bn charge

Acknowledging that the economy is likely to remain weak into next year, the European Central Bank sharply reduced its growth forecast for the Euro zone Thursday as it left its main interest rate unchanged at a record low.

ECB cuts growth forecast  

HSBC Holdings Plc might pay a fine of $1.8 billion as part of a settlement with US law-enforcement agencies over money-laundering lapses, according to several people familiar with the matter.

HSBC might pay $1.8-bn money laundering fine

Reuters 

Standard Chartered expects to pay $330 million to settle a case with US regulators who accused the Asia-focused bank of failing to comply with sanctions against Iran, further denting profit growth this year.

Standard Chartered sees $330-mn settlement on Iran, denting profits

The government is using electoral rolls to open bank accounts in the 51 districts chosen for the roll-out of the direct cash transfer of subsidies.

Banks get electoral rolls to create Aadhaar accounts

The Reserve Bank of India (RBI) will continue to take steps to address the deficit in the banking system liquidity, Deputy Governor Subir Gokarn said here on Friday.

Steps to address liquidity issue will continue, says Gokarn

India-born former Goldman Sachs director Rajat Gupta's appeal against his conviction on insider trading charges will be taken up on an "expedited" basis by a US court, which said it will hear arguments in the case as early as April next year.

Insider trading case: US court to hear Gupta's appeal on expedited basis

Press Trust of India

Goldman Sachs Group will pay $1.5 million to settle US Commodity Futures Trading Commission claims the firm failed to supervise a trader who hid an $8.3 billion position. One CFTC commissioner dissented, saying the penalty is far too small.

Goldman to pay $1.5 mn for supervision failures

Greek and foreign bondholders offered the targeted euro 30 billion ($38.8 billion) in a debt buyback that is key to the country&rsquo;s international bailout, a Greek government official said on Saturday, suggesting the plan had broadly succeeded.

Investors offer $38.8 bn in Greek debt buyback

A lack of interest from investors is threatening to derail the efforts of Indian banks to raise the additional capital they need to comply with tougher Basel III rules.

Basel bonds flop in India

After leaving Wall Street more than four years ago, David Kostman recently returned.

Local restaurateurs feed Wall Street's hungry deal makers

The tightening of lending norms by Indian banks has fuelled the way for global financial institutions to shift focus to the non-banking finance business. The latest entrant who eyes a strong foothold in this segment is Canada&rsquo;s largest property and casualty insurer, Fairfax Financial Holdings.

Canada's Fairfax may float NBFC

The American International Group agreed on Sunday to sell up to 90 per cent of its extensive airplane leasing unit to a group of Chinese investors in a deal that valued the business at about $5.28 billion. It is part of the insurance giant's effort to sell assets that it considers nonessential to its core operations as the company continues to recover from the financial crisis.

AIG agrees to sell most of its leasing unit to Chinese investors

British bank Standard Chartered Plc will pay $327 million (&pound;203 million) to resolve allegations that it violated US sanctions and other laws, the Federal Reserve said on Monday.

StanC to pay $327 mn to resolve US case

The Lok Sabha on Monday approved an amendment Bill to ease the recovery of bad loans by banks. Opposition parties walked out after the government rejected their demand for referring it to a standing committee.

Bankers, ARCs laud debt recovery amendment

State and federal authorities decided against indicting HSBC in a money-laundering case over concerns that criminal charges could jeopardise one of the world's largest banks and ultimately destabilise the global financial system.

HSBC to pay $1.92-bn fine to settle money laundering case

Indian companies raised $4.29 billion, through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in October, to fund modernisation, foreign acquisitions, import of capital goods and onward lending.

India Inc raises $4.29 bn via ECBs, FCCBs

Kotak Mahindra Capital, investment banking arm of Kotak Mahindra Bank, has entered into an exclusive strategic alliance with Sumitomo Mitsui Banking Corporation (SMBC) and SMBC Nikko Securities for cross-border merger and acquisition (M&amp;A) advisory services between India and Japan.

Kotak Capital in tie-up with Sumitomo for M&A

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