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.

Vikram Pandit-led fund invests Rs 540 cr in JM Financial arm

Well known banker Vikram Pandit-led global fund has invested Rs 540 crore in JM Financial's real estate lending subsidiary FICS.

Azim Premji may hike stake in JM Financial

As JM Financial awaits RBI view on its bank licence plea, market is abuzz with talks of billionaire Azim Premji buying additional five percent stake in the company that has also roped in former Citibank chief Vikram Pandit as a key investor for its banking pursuit.

JM Financial stock surges 17% after tie-up with Vikram Pandit

Shares of JM Financial on Friday shot up by nearly 17 percent in morning trade, after the company said former Citigroup chief Vikram Pandit will buy stake in it.

Sensex fails to maintain early momentum; moves southwards

The BSE Sensex on Friday failed to maintain initial gains and declined by seven points in late morning deals due to mild profit booking in consumer durables, healthcare, capital goods and banking sectors, following overnight losses in the US market.

Vikram Pandit to buy stake in JM Financial, to lead its banking foray

Beginning a new innings, former Citigroup chief Vikram Pandit will spearhead Nimesh Kampani- led JM Financial's proposed banking venture and will also make a strategic investment in the financial services group.