Nadda’s election will also draw curtains on Shah’s tenure stretching over five-and-a-half years. During these years, the party expanded its footprint rapidly and made inroads into states and regions where it had been traditionally weak. The saffron party also won key state elections during this period. It also lost a few state battles. … [Read more...] about JP Nadda likely to succeed Amit Shah as BJP president today: Here’s more about PM Modi’s trusted lieutenant
5 new governors appointed
IL&FS collapsed around August 2018 when it started defaulting on bonds that came due to investors. The company, which started as a road construction financing company had quietly grown to around 348 subsidiaries and amassed a debt pile of about Rs 91,000 crore by the time the crisis broke out in the group. The NBFC merrily rolled over securities until things came to a grinding halt. Rating agencies, analysts and regulators waited till the last moment to act. … [Read more...] about DHFL mess deepens: Has India’s banking regulator learnt its lessons from shadow banking episodes yet?
Yoga guru Baba Ramdev's Patanjali Ayurved made its first big acquisition when it paid Rs 4,350 crore to take over soya food brand Nutrela-maker Ruchi Soya through an insolvency process. The acquisition will help Patanjali acquire edible oil plants as also soyabean oil brands such as Mahakosh and Ruchi Gold. … [Read more...] about Patanjali Ayurved completes acquisition of bankrupt Ruchi Soya for Rs 4,350cr
Later it entered the home finance too with a focus on the weaker section of the society.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about Essel Group sells MSME loan book to Adani Capital
Greece is finally joining the future with a female head of state. Katerina Sakellaropoulou, who currently heads Greece’s top administrative court, was voted into office by Parliament today for a five-year term as president that begins in March. Here are four things to know about Sakellaropoulou: … [Read more...] about Katerina Sakellaropoulou: 4 things to know about Greece’s first woman president