Banking & Finance

Corp bonds and mutual funds underpin uptrends Stable macro‐economic fundamentals, political stability and the structural reforms that the present government has been endeavouring towards over the last three years has boosted volume in the Indian capital market, according to Ajay...

Singapore bank gets in-principle approval for WOS Development Bank of Singapore (DBS) has received in-principle approval from Reserve Bank of India to set up a local incorporated wholly-owned subsidiary.   It said DBS Bank India is poised to accelerate its...

Investment bankers to be appointed, says media report State Bank of India (SBI) is planning to raise US$3 billion through a green bond issue from the international financial markets, reported the Economic Times. The daily has named International Finance Corp...

Finance Ministry approves three other agencies The Finance Ministry has given approval AMP Solar India Pvt Ltd which will invest Rs.500 crore in Indian operating companies. It has also give approval to Aditya Birla Capital Ltd to issue and allotment...

Reforms in the initial and mid-stages, says study India’s energy sector is facing low capacity utilization in power generation as plant load factor (PLF) is estimated to remain low at around 62 per cent until 2018-19, noted a recent ASSOCHAM-Crisil...

Move to strengthen banking sector SBI in Mumbai. Public Sector Banks have been given in-principle approval to amalgamate through an Alternative Mechanism (AM), a decision facilitating consolidation among the Nationalized Banks to create strong and competitive banks. The salient features...

Inflows could add to rupee appreciation pressure.   India’s foreign reserves touched a record US$393 billion early August, backed by strong foreign portfolio and investments flows while adding pressure to rupee appreciation, according to the Development Bank of Singapore (DBS)....

Industry calls for uniform import duties. The financial stress on the Indian telecom sector can be reduced to a great extent by considering a cut in spectrum usage charges as well as license fees, according to a joint study. The...

Indian corporate governance is in transition Girija Pande. India’s corporate sector will have to be aware of the challenges of adapting to global standard governance as the structure changes from family-backed operations to professional managers, says Girija Pande, chairman of...

Issues include double-taxation of re-export. From (L-R): Mr. K.M. Hiralal, Deputy DGFT in Mumbai, Rupa Naik, Executive Director, All India Association of Industries, Dr. Sonia Sethi, Additional DGFT in Mumbai, Firoze Adhyarujina, Sr. Advocate Supreme Court and Legal Advisor and...