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Coal India stake sale: Govt shortlists 5 merchant bankers

Government has shortlisted five Indian merchant bankers, including JM Financial, SBI Capital and ICICI Securities, for managing the over Rs 21,000-crore stake sale in Coal India.

Nilesh Shah quits Axis Capital

Managing Director and CEO of Axis Capital Nilesh Shah, the public face of private sector lender Axis Bank's investment banking arm, has quit and is understood to be joining the Kotak group.

Aban likely to launch up to $150 million share sale today

Aban`s board had on May 28 approved share offering worth up to 25 billion rupees to institutional investors.

Axis Capital to commence operations from Monday

Axis Capital will be headed by Manish Chokhani as its Managing Director and Chief Executive Officer.