Top headlines today: Misty’s exit valuation, auto aftermarket, and more
Retail loans set to become largest segment for Indian banking industry
Retail loans, including home and credit card debt, are expected to become the largest segment for the Indian banking industry, ahead of industrial credit and corporate loans, by the end of March this year. Read More
Valuation tangle: Malegam math may hold key to Mistry’s exit from Tata Sons
Tata Group may offer an exit to the Mistry family from Tata Sons on the basis of the valuation by chartered accountant Y H Malegam. Read More
Varde Partners in talks with Embassy to extend Rs 900-crore loan
US fund manager Varde Partners is in talks with Bengaluru-based property developer Embassy Property Developments to extend a loan of Rs 900 crore, according to a source. Read More
TVS Automobile Solutions revs up for the automobile aftermarket
The automobile aftermarket industry has been going through a transition. Key players such as Mahindra & Mahindra and Carnation have moved out of the business. Original equipment manufacturers such as Groupe PSA and Toyota are entering the business. Read More.
Deutsche Bank CEO gives up oversight of investment bank in revamp
Deutsche Bank CEO Christian Sewing will hand over oversight of the investment and corporate bank to board member Fabrizio Campelli, the German bank said on Monday, as part of an overhaul of the management board. Read More
SoftBank’s Masayoshi Son eyes bringing Coupang services to Japan
SoftBank Group Corp CEO Masayoshi Son said on Monday the conglomerate’s domestic internet business Z Holdings is in talks with South Korean e-commerce firm Coupang about bringing its services to Japan. Read More
87% domestic businesses considering flexible remote working models: Report
As countries around the world grappled with lockdowns, people rapidly adopted remote work and video conferencing solutions. Read More
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