Banking & Finance

Govt to instill confidence in Corporate Bond Market The Government will consolidate the provisions of SEBI Act, 1992, Depositories Act, 1996, Securities Contracts (Regulation) Act, 1956 and Government Securities Act, 2007 into a rationaliszed single Securities Markets Code, Finance Minister...

Sitharaman announces a policy of strategic disinvestment The government aims at making use of an estimated Rs.175,000 crore receipts from disinvestment proceeds in BE 2021-22 to finance various social sector and developmental programmes and also to infuse private capital, technology...

Report identifies $50bn EV financing market in 2030 India will require a cumulative capital investment of US$266 billion (Rs.19.7 lakh crore) in Eelectric Vehicles (EVs), charging infrastructure, and batteries over the next decade for the country to transition fo EV...

A programme for Indian school education The World Bank is lending a US$500 million (approximately Rs.3,700 crore) for the implantation of Rs.5,718 crore Strengthening Teaching-Learning and Results for States (STARS) project of Ministry of Education. The rest of financing will...

DIAL to seek Rs.20bn lease financing Delhi International Airport Ltd (DIAL) has invoked a force majeure clause owing to the pandemic, allowing it to benefit from an interim stay on high revenue share payments to Airport Authority of India (AAI),...

Boost to infrastructure spending would kindle demand for infra-focused NBFCs The public sector banks (PSBs) capital requirements would rise on account of the estimated Rs.23,000 crore Additional Tier I (AT-I) bonds where a call option would fall due next year,...

Credit quality of India Inc has experienced rapid changes The outlook on India's infrastructure-related sectors viz., Roads and Ports is Stable. Growth in toll collections and higher cargo growth, respectively, will drive these sectors’ profit and revenue growth, ICRA Review...

42% businesses thin the Indian economy has recovered Ninety-nine per cent of Indian businesses have implemented digital online strategies related to recognising their customers across various platforms, according to Experian’s Global Insights Report. The report said that 31% businesses in...

Tilden Park invests $25m in Fintech for educational loans MPOWER Financing, an innovative Fintech platform and the leading provider of educational loans to high-promise international and DACA students, said the US$25 million raised from New York will help grow its...

Nearly 9,000 Indian companies work in Singapore India and Singapore are collaborating in cutting-edge areas that will shape the future in the context of accelerating technological disruption - Fintech, Cloud Computing & AI, Cybersecurity, Healthtech, Smart Pharmaceuticals & Smart Medical...