NBFCs Add Risk To Slowing Economy
Banks are significantly upping lending to risky NBFCs, forcing RBI to sound an alarm
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SEBI imposes ₹6 cr fine on ex-DHFL promoters for lapses in disclosure norms
Probe pertains to allegations that Kapil Wadhawan, along with other promoters of DHFL, "misrepresented and misled" shareholders
DHFL case: CBI books Wadhawan brothers in ₹34,615 cr bank fraud
CBI has named Kapil and Dheeraj Wadhawan of DHFL, Sudhakar Shetty and his realty firm, eight other real estate companies, and others in the FIR as accused.
Power is to get people to change for the better: Zia Mody
The sexagenarian is a towering figure in corporate law. In her illustrious career, she has worked with most Indian corporate behemoths, including RIL and Tata Group.
Piramal demerges pharma business, to list on stock exchanges
Restructuring to simplify corporate structure, create two separate listed entities.
With DHFL we can dominate in tier 2-3 cities: Anand Piramal
Post-merger, Piramal Capital is looking at five times jump in the retail portfolio.
Piramal enters affordable housing with ₹34,250 cr DHFL buy
The acquisition—which entails PCHFL’s merger with DHFL—will create one of the largest affordable housing finance companies in India.
Why transformation is a buzzword at Piramal
Billionaire industrialist Ajay Piramal is in makeover mode. He wants to remould his conglomerate into a well-diversified NBFC and a pharma firm, which would both be giants in their respective spaces.
Reprieve for DHFL’s small fixed deposit holders
Lenders decide to pay FD depositors holding up to ₹2 lakh the full amount while other depositors will face the distribution mechanism.
How DHFL fits into Ajay Piramal’s plans
The tycoon has finally won DHFL in a bruising bidding war. Here's Fortune India's earlier story explaining why the ailing home finance company is critical to his plans.
