Banking & Finance

Dwindling liquidity should not affect festival demand across key sectors, said leaders of Indian industry representing diverse industrial segments.

The Prime Minister Narendra Modi has unveiled 12 key initiatives, including a loan portal to enable in 59 minutes easy access to credit for Micro, Small and Medium Enterprises (MSMEs).

The Confederation of Indian Industry has called for urgent interventions for “Financial Sector Stability”, citing ongoing problems.The Confederation of Indian Industry has called for urgent interventions for “Financial Sector Stability”, citing ongoing problems.

Indian Insolvency & Bankruptcy Code (IBC) would has been “very much a positive” for the Indian market and is opening the door to a new investment class -- distressed assets, according to a market report.

India will need around US$4.5 trillion till 2040 for infrastructure development and restructure its Public Private Partnership (PPP) framework, NITI Aayog CEO Amitabh Kant said.

International financiers have boosted Azure Power’s fund raising to US$400 million since 30 June 2018, the largest funding by the solar power group in India.

S&P Global Ratings “Business 4.0" framework is bearing fruit for Tata Consultancy Services Ltd (TCS) as it upgraded outlook to positive from stable.

The Kraft Heinz Company is to sell Indian brands Complan, Glucon-D, Nycil and Sampriti to Zydus Cadila at a valuation of approximately Rs.46 billion (approximately US$625 million) on a debt free and cash free basis.

The Cabinet has given its ex-post facto approval to the Memorandum of Understanding (MoU) signed between India and Singapore in June 2018 on the constitution of a Joint Working Group (JWG) on FinTech.

ACI Worldwide has helped transition of Utkarsh Small Finance Bank (USFB) to the latest version of its UP Retail Payments solution, completing a rapid technological transformation for one of India’s fastest-growing small finance banks.