Bank of Baroda (BoB) has agreed to sell its Trinidad & Tobago operations to ANSA Merchant Bank, a subsidiary of ANSA McAL, a conglomerate based in the Caribbean. BoB’s operations in Trinidad & Tobago (T&T) include three retail branches in Port of Spain, San Fernando and Chaguanas. According to a source, the transaction size is

Mumbai: France-based Imerys Group, world leader in mineral-based specialities, has agreed to buy thermal insulation business from CK Birla Group-controlled Hyderabad IndustriesNSE -5.19 %. Definitive agreements have been signed between Calderys India Refractories, Imerys’ wholly-owned Indian subsidiary, and Hyderabad Industries (HIL) on Thursday and a formal announcement is due as early as Friday. The transaction

There are great expectations that Finance Minister Nirmala Sitharaman will announce a slew of solid policies in her second Budget to be presented on 1 February that will go a long way in rescuing the economy from its current growth slowdown by reviving the animal spirits among private entrepreneurs. The consensus view echoed by most

The evolution of the renewable energy sector in India began with harnessing potential energy from run-of-the-river and dam water in the hilly regions by setting up hydropower projects. Large hydro projects such as Bhakra-Nangal dam on the Punjab-Himachal Pradesh border and mini-hydropower projects in Kerala and Karnataka set the ball rolling. The projects set-up by

Chasing growth sans sustainability has led to the unprecedented phase of the slowdown in the auto sector. The prolonged phase of muted demand has led to production cuts. The slowdown blues and the evolution of mobility technologies have altered the Merger & Acquisition (M&A) and Joint Venture (JV) landscape of automotive and auto component sectors

Cyclical problems can be addressed by periodical policy interventions like reducing repo rates by the RBI meant to boost consumption and investment by infusing more liquidity in the economy. The challenges only seem to surmount for Modi 2.0 as the Indian economy faces an unprecedented slowdown in recent years. Slackening consumer demand has led to

The Founder and MD of Singhi Advisors shares how taking impromptu cycling trips helps him stay destressed. Cycling forms an extremely important part of Mahesh Singhi, Founder and MD, Singhi Advisors’s workout routine. The global investment banking firm boss told ET Panache of how he manages to make time for this. “I make it a

The Insolvency & Bankruptcy Code (IBC) has laid down the way forward for lenders to expedite recovery and resolution of stressed assets while maintaining priority of claims in order. It also gives creditors more headroom to take a call on distressed assets and further strengthen the corporate bond market, which is fundamental to infrastructure financing

Aurangabad-based auto electric component maker Dhoot Transmission has agreed to acquire the entire stake in TFC Cables Assemblies, Scotland, for an undisclosed amount. The transaction, which would be the third by the Indian firm, will help the company expand its presence in Europe and get access to key auto component markets in Western Europe. The deal is

Private Equity (PE) in India is still in its nascent stage, accounting for roughly 1 per cent of GDP. This is in contrast to almost 3 per cent in the US. However, PE funding has come a long way in the recent past, accounting for 3 to 5 per cent of the total capital raised