Blackstone, the worlds largest alternative assets manager, is exiting the distressed assets space in India by selling its controlling interest in a high-profile, six-year-old joint venture that includes Tata group, HDFC Bank and ICICI Bank. Mathew Cyriac, former PE co-head for Blackstone India, has emerged as frontrunner to buy a controlling 51% in IARC, said people in the know.
Cyriac had joined Blackstone as its second employee in India in 2006, but left in February 2017 to start his own venture, having overseen the firm s first leadership transition in the country.
The feared loan recovery agent is back‚ sending borrowers scurrying for cover. A BT investigation gives a ringside view of the dark underbelly of the consumer loan recovery business and the regulatory gaps that they exploit
The Gauhati High Court recently reiterated that the Central Administrative Tribunal (CAT) has no power to condone the delay and entertain a review application beyond a period of 30 days. The division.
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