Born in Jaipur, Anshuman Jain became the co-head of Deutsche Bank in 2012 along with Juergen Fitschen. The formation of yet another non-banking finance company in India could hardly be an exciting piece of news, but when it is backed by Anshuman Jain, the maverick India-born former co-CEO of one of Europe’s oldest and most venerable bank, it is bound to attract attention. So, when the news came that the 53-year-old former chief of Deutsche Bank is investing in a new NBFC floated by ... Rediff.com, 1 week ago
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Demand for policy rate cut may be considerable, but given the central bank's inflation target, rate cut space is scant, and the Reserve Bank of India is likely to cut only 25 basis points in the upcoming monetary policy, a Deutsche Bank report says. According to the global financial services major, with RBI sticking to its goal of maintaining 1.5-2 per cent average real interest rate, which along with an average CPI inflation forecast of 5 per cent for 2016-17 leaves little room for bringing ...Rediff.com, 2 months ago
India’s five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles Bangalore: Liquor baron Vijay Mallya (60) and his Rs 7,000-crore (Rs 70 billion) default occupy headlines, but there are 5,275 other “wilful defaulters” - together, they owe India’s banks Rs 56,521 crore ($83.9 billion), according to the Credit Information Bureau ...Rediff.com, 2 months ago
Vijay Mallya went on a buying spree abroad, including a penthouse in New York’s Trump Plaza, but had to sell some as troubles mounted at home In his declaration of interests to the Rajya Sabha in 2014, Vijay Mallya listed himself as the chairman of three companies abroad. These are London-based Kingfisher Beer Europe Ltd, California-based Mendocino Brewing Company Inc and UBICS Inc, based in Pennsylvania. He earned a little over Rs 2 crore (Rs 20 million) per annum from these ...Rediff.com, 2 months ago
The IPO is expected to bring handsome fees for the selected banks at a time when billion-dollar listings have become scarce Vodafone, the country’s second largest mobile operator, has appointed six bankers to raise about $2.5 billion (Rs 16,500 crore) through an initial public offering this year, which could well make it the country’s largest IPO in rupee terms. Sources said Deutsche Bank, HSBC and ICICI Securities would be the book-running lead managers while Bank of America ...Rediff.com, 3 weeks ago
IT majors Infosys and TCS were the top losers while capital goods shares BHEL and L&T ended firm on robust core sector growth. Despite a marginal recovery in late trades benchmark share indices ended the first trading day of fiscal 2017 on weak note, amid weak global cues, with IT shares leading the decline. The S&P BSE Sensex ended down 72 points at 25,270 while the Nifty50 slipped 25 points to settle at 7,113. In the broader markets, the BSE Midcap gained 0.2% and Smallcap index ...Rediff.com, 1 month ago
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