Almost a year after the country went into lockdown, the A, a membership-only business club funded by now-jailed Yes Bank promoter, Rana Kapoor, and run by the trust his daughters operated, has changed hands. The 56,000-sq-ft facility located in the Indiabulls office complex in Parel, Mumbai and owned by Nucleus Office Space, a subsidiary of private equity giant Blackstone Group, will now be managed and run by promoters of the Gurugram-based club, The Quorum. Read more
Legal hurdles await DHFL resolution process; lenders meeting today
Piramal group emerged the preferred bidder for resolution of the troubled Dewan Housing Finance Corporation (DHFL). However, its intent to have DHFL
under its wing may take time as the process is likely to meet a legal challenge from competing bidder Oaktree. Read more
Short-term interest rates increase 25-30 basis points, shows data
Interest rates have inched up in the economy, notwithstanding the status quo in the monetary policy and continuation of the accommodative stance. The reason why short-term rates have spiked is liquidity normalisation. Read more
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