Jefferies hosted the the chairman, deputy managing director (finance), and chief financial officer of SBI for a non-deal roadshow (NDR) in the US and UK. During the NDR, two topical issues were discussed: the risk from SBI’s exposure to the Adani Group, and the bank’s plans for a capital raise. The management of SBI clarified […]
One 97 Communications, the parent company of fintech firm Paytm, officially confirmed that there would be a ‘minor reduction’ in its workforce. The company said that the layoffs are part of cost-cutting initiatives. However, a spokesperson for the company rebuffed recent media speculations that had said that the non-bank lender might eliminate over 1,000 positions. […]
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