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"Our expertise in origination and credit assessment will be boosted with the expertise and digital tech of Easy Home Finance," said Narendranath Misha, head-retail and agri loans at DCB Bank. "The alliance will enable the Bank to reach more geographies in the affordable home loan arena," he said.

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The company has signed a contract with Stone Sapphire, licensee for Disney in India, to design and manufacture collectible pullback cars in Marvel superhero colours.

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Global private equity firm Blackstone Group plans to sell its entire stake in Embassy Office Parks REIT through a mega block deal on Wednesday, according to news reports

Tighter norms for investment by banks in AIFs

Updated at : 2023-12-20 08:35:02

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HFCs could see some pressure to either divest or fully provide for some assets as some of them have investments in AIFs, and those funds have invested in real estate companies. "It may also significantly impact the existing investments from the likes of banks, NBFCs and Sidbi in several AIFs," said Tejesh Chitlangi, Senior Partner, IC Universal Legal.

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Oil prices ticked higher on Monday after rising more than 1% in the previous session on jitters over global trade disruption and geopolitical tensions in the Middle East following Houthi attacks on ships in the Red Sea.

Gold prices held steady above the key $2,000 level on Wednesday, supported by prospects of interest rate cuts from the Federal Reserve next year, with investors awaiting for U.S. inflation numbers later this week.

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The acquisition will trigger a mandatory open offer to all public shareholders of GLS for an additional 17%.

Ebix Inc, the parent entity for Indian payments and remittance company EbixCash, has filed for bankruptcy protection in a Texas court after defaulting on a $617-million loan.

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