Due Diligence News

Government To Sell Four Subsidiaries Of Air India, Eight Other PSUs' Assets

Government To Sell Four Subsidiaries Of Air India, Eight Other PSUs' Assets

... Air India and properties of eight other state-owned companies that have been identified for strategic divestment. The subsidiaries of Air India that have been identified by the Department of Investment and Public Asset Management during the due ...

Blackstone makes cash offer for PNB unit; Tatas, India Power bid for Odisha discom

Blackstone makes cash offer for PNB unit; Tatas, India Power bid for Odisha discom

Out of 20 suitors, private equity giant Blackstone has emerged as the only entity to make an all-cash offer to buy out Punjab National Bank and PE firm Carlyle from PNB Housing Finance Ltd, The Economic Times reported, citing two people aware of the ...

iVOOMi iPro with face unlock technology launched, priced at Rs 3999

iVOOMi iPro with face unlock technology launched, priced at Rs 3999

Commenting on the launch, Ashwin Bhandari, CEO, iVOOMi India, said, “After due diligence, and an extensive research, we realised that there is an ever-growing demand for entry level smartphones in the country. iVOOMi iPro has been designed keeping in ...and more »

Does India Grid Trust's (NSE:INDIGRID) PE Ratio Warrant A Buy?

Does India Grid Trust's (NSE:INDIGRID) PE Ratio Warrant A Buy?

Since you may have already conducted your due diligence on INDIGRID, the undervaluation of the stock may mean it is a good time to top up on your current holdings. But at the end of the day, keep in mind that relative valuation relies heavily on ...

The Great Indian NPA Mess: Banks, govt and industrialists worked together to kick bad loans can down the road

The Great Indian NPA Mess: Banks, govt and industrialists worked together to kick bad loans can down the road

As Rajan put it: “Indeed, sometimes banks signed up to lend based on project reports by the promoter's investment bank, without doing their own due diligence. One promoter told me about how he was pursued then by banks waving checkbooks, asking him ...and more »

Biggies queue up for Usha Martin steel business

Biggies queue up for Usha Martin steel business

KOLKATA: A clutch of steel giants has entered into non-disclosure agreement with Usha Martin, one of the largest wire rope manufacturers globally, for taking over its steel business. The steel majors in the fray include Vedanta, JSW, Liberty, Tata ...

Larger number of bad loans originated in 2006-2008: Raghuram Rajan

Larger number of bad loans originated in 2006-2008: Raghuram Rajan

NEW DELHI: Former RBI Governor Raghuram Rajan has said that a big number of non-performing assetes (NPAs) originated in 2006-08 when India's economic growth was strong while some banks proved inadequate in making proper due diligence.and more »

Lenders reluctant to fund renewable energy projects in India, Power Minister calls Stakeholders meet

Lenders reluctant to fund renewable energy projects in India, Power Minister calls Stakeholders meet

“Lenders have become more conscious of lending to wind and solar power (projects),” said Ashok Haldia, managing director of PTC India Financial Services. “While the implementation and operational risks around projects continues, lower tariffs with ...and more »

SBI to sell 8 NPAs to recover dues worth over Rs 3900 crore

SBI to sell 8 NPAs to recover dues worth over Rs 3900 crore

The country's largest lender State Bank of India will sell eight non-performing assets to recover dues worth over Rs 3,900 crore and has invited bids from asset reconstruction companies (ARCs) and financial institutions (FIs). "In terms of the bank's ...

Sebi unveils reform measures; to issue new circular on FPI norms

Sebi unveils reform measures; to issue new circular on FPI norms

The Securities and Exchange Board of India (Sebi) on Tuesday said its board has “broadly agreed” with the report of the high-powered panel headed by former Reserve Bank of India (RBI) deputy governor H R Khan that has suggested several changes in the ...