Economy


Ind-Ra Assigns Barclays India AAA With Stable Outlook

Banking - Published date: .

India Ratings and Research (Ind-Ra) has assigned long-term issuer default rating for Indian branch of Barclays Bank Plc ... Read more

True Balance Aims For Break-even By Year-end, Eyes Listing By 2024

Banking - Published date: .

True Balance is an RBI-authorised digital platform which facilitates loans through its safe, RBI licensed NBFC - True Cr... Read more

Sale By Govt Of Cairn Energy's 'attached' Shares A Bad Decision: Experts

Banking - Published date: .

The IT department not just sold Cairn''s near 10 per cent shareholding in its Indian subsidiary but seized its dividends... Read more

NCLT Dismisses Rolta Promoters' Plea For One-time Settlement

Banking - Published date: .

The National Company Law Tribunal (NCLT) has dismissed a petition of the promoters of IT firm Rolta India Ltd seeking on... Read more

IFC Lends USD 250 Mn To HDFC To Promote Affordable Green Housing Finance

Banking - Published date: .

International Finance Corporation, a private sector investment arm of the World Bank Group, has decided to provide loan ... Read more

Small Businesses To Launch Over 2,400 Products For Prime Day: Amazon India

Banking - Published date: .

Amazon India said over 100 small and medium businesses including startups, women entrepreneurs, weavers are launching mo... Read more

GAME Partners With SIDBI To Help MSMEs Revive Biz Amid Pandemic

Banking - Published date: .

The Global Alliance for Mass Entrepreneurship (GAME) and SIDBI have signed a pact to help micro, small and medium enterp... Read more

Insolvency Law Changing The Way Society Perceives Biz Failures, Says Sahoo

Banking - Published date: .

Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way the society perceives ... Read more

Cabinet Note Issued For 100% FDI In Oil PSUs Marked For Disinvestment

Banking - Published date: .

Cabinet approval would facilitate privatisation of India's second biggest oil refiner Bharat Petroleum Corp Ltd. Read more

Air India To Sell Real Estate Assets; May Garner Up To Rs 300 Crore

Banking - Published date: .

Disinvestment-bound Air India is looking to raise Rs 200 to 300 crore by selling commercial and residential real estate ... Read more

Exim Bank Sees India's Q1 Merchandise Exports At $87.2bn

Banking - Published date: .

Export-Import Bank of India (Exim Bank) has projected India's total merchandise exports for the first quarter of FY22 to... Read more

IDFC Offers Compensation 4x CTC To Corona Affected Employees' Families: MD

Banking - Published date: .

IDFC FIRST Bank is offering compensation equivalent to four times of the CTC, continuation of salary for two years to th... Read more

SIDBI Invites Bids From Consultants To Help Set Up Rs 20,000 Cr NaBFID

Banking - Published date: .

SIDBI on behalf of the government has floated Request for Proposal (RFP) inviting bids from consultants to help set up R... Read more

NBCC Submits Final Bid To Buy Jaypee Infra; Suraksha Seeks More Time

Banking - Published date: .

State-owned NBCC on Friday submitted its final bid to acquire Jaypee Infratech Ltd (JIL) while rival Suraksha group soug... Read more

Religare Finvest's Revised Debt Restructuring Plan Enters Final Stage

Banking - Published date: .

RFL, an NBFC arm of Religare Enterprises Ltd, has been barred from undertaking fresh business Read more

Aditya Birla Fashion Posts 51% Growth In Q4 EBITDA At Rs 253 Crore

Banking - Published date: .

The company said Q4 continued with a strong recovery trend until the disruption due to second wave of Covid-19 led to lo... Read more

NCLT Initiates Insolvency Proceedings Against Ahluwalia Contracts

Banking - Published date: .

The National Company Law Tribunal (NCLT) has initiated insolvency proceedings against construction firm Ahluwalia Contra... Read more

Jaypee Infratech Insolvency: Lenders Ask NBCC, Suraksha To Improve Bid

Banking - Published date: .

Earlier this month, NBCC and Mumbai-based Suraksha group submitted their revised bids to acquire Jaypee Infratech throug... Read more

Reliance Home Finance Defaults On Rs 40 Cr Loan Repayment To P&S Bank

Banking - Published date: .

Reliance Home Finance Ltd (RHFL) on Saturday said it has defaulted on loan of over Rs 40 crore from Punjab & Sind Ba... Read more