Banking & Finance

The doomsayers are having a field day with predicting that Brexit will cause the UK real estate market to dry up and blow away. In India, we are quite used to gleeful prophecies of doom regarding real estate and take...

IIFL Asset Management (IIFL AMC) has launched its first Luxembourg domiciled UCITS Fund, IIFL India Equity Opportunities Fund (IIFL Fund), by virtue of merger of Ashburton India Equity Opportunities Fund into IIFL Fund.

Global investment firm KKR has completed the acquisition of 60% stake in Ramky Enviro Engineers Limited (REEL) for US$510 million, acknowledging the company’s role in providing critical solutions to communities across the country.

As on 01.12.2018, 347 projects are showing cost overruns out of 1,443 projects, said Vijay Goel, Minister of State in the Ministry of Statistics and Programme Implementation.

Indian companies, eligible for Foreign Direct Investment (FDI) can raise up to US$750 million per financial year through external commercial borrowing (ECB) to meet financing requirements for their projects in the country.

The untapped bilateral trade potential between India and Africa is more than US$42 billion, according to a joint study by the Exim Bank of India and Afreximbank.

The government is working on a new financial services bill with an independent authority to handle investment flow into the country that currently comes through financial centres of London and Singapore.

The growth of construction equipment sector has been hit by the liquidity crisis created by Non-Banking Finance Companies (NBFCs) with growth halved to 10%, Indian Construction Equipment Manufacturers' Association president Arvind Garg said on 3 Feb 2019 in Kolkatta.

HCL Technologies has been named a Top Employer in the United Kingdom for the thirteenth consecutive year in recognition of its best-in-class employee engagement and people practices.

India’s interim Budget for FY20, announced 1 Feb 2019, suggests that the economic priorities have taken precedence over near-term fiscal consolidation as the 3% of GDP fiscal target stands delayed, writes Radhika Rao, Economist at DBS’ Group Research in Singapore.