Banking & Finance

Authority to build confidence in financial disclosures India is setting up National Financial Reporting Authority (NFRA) which is expected to result in improved foreign/domestic investments. As an independent regulator, it would enhance investor and public confidence in financial disclosures of...

Paytm gained from demonetization policy Global investment in financial technology (fintech) ventures reached another all-time high in 2017, buoyed by a surge in funding for startups in the United States, United Kingdom and India. Fintech financing rose 18% in 2017,...

India seeks low-interest funding for green projects Gadkari addressing AIIB delegates in Delhi on 27 Feb 2018. The Highways and Shipping sectors in India are financially "very sound" and offer tremendous investment opportunities under their respective flagship programmes - Bharatmala...

AIIB's 3rd AGM scheduled for June in Mumbai Finance Minister Arun Jaitley. India has sought more funding from the China-led Asian Infrastructure Investment Bank (AIIB) which has in the past two years approved over US$1 billion commitment for five Indian...

500 Korean companies operate in India Modi addressing the India-Korea business summit. Prime Minister Narendra Modi has called for more investments from South Korean industrial sectors, pointing out that 500 Korean companies were operating in India. As the first reference...

Technology and supervision required to tackle malpractices The Confederation of Indian Industry (CII) has called for a twin strategy for tackling financial frauds, involving recent banking scam, but also urged lenders not to choke the industry by halting loans. The...

Capital sought to expansion programmes More than two dozen companies are working on initial public offer (IPOs) to raise Rs.25,000 crore in the coming months for expansion and working capital. The lineup is led by Industry leaders heavyweight Hindustan Aeronautics...

State seek private investors for tourism projects Gautam Adani. Adani Group will invest Rs.9,000 crore in projects across different sectors in Andhra Pradesh in the next five years, Chairman Gautam Adani announced on 24 Feb 2018. The group has signed...

Loan will support civil works   The Asian Development Bank (ADB) signed a US$84 million loan with the Indian government for improvement and expansion of water supply in Bhagalpur and Gaya towns in Bihar. The tranche 2 loan is part...

Luxury homes priced for HNIs Santosh Kumar. By Santhosh Kumar, Vice Chairman - ANAROCK Property Consultants. When the scion of one of the world's most iconic real estate brands comes to India to help market yet another luxury homes project,...