Banking & Finance

Krishnapatnam Port acquisition in July 2020 S&P Global Ratings has assigned its 'BBB-' long-term issue rating to the US$1.2 billion senior unsecured notes proposed by Adani Ports and Special Economic Zone Ltd, proceeds from which will cover debt at Krishnapatnam...

Sood expects consolidation across different sectors The ASSOCHAM has urged Finance Minister Nirmala Sitharaman to streamline the M&As on the principle of 'One Nation, One Stamp Duty' amidst an impending increase in deals post-COVID-19. The Chamber has proposed that "ONE...

Merger process ceased for now The Cabinet has approved capital infusion for an overall value of Rs.12,450 crore; (including Rs.2,500 crore infused in FY 2019-20) in the three Public Sector General Insurance Companies (PSGICs) namely Oriental Insurance Company Limited (OlCL),...

Online MIS platform to manage the fund The Cabinet has approved a new pan India Central Sector Scheme -Agriculture Infrastructure Fund to provide a medium- and long-term debt financing facility for investment in viable projects for post-harvest management infrastructure and...

HAM-PPP investments on the Ganga’s tributaries. The World Bank has signed a loan agreement to enhance support for the Namami Gange programme that seeks to rejuvenate the Ganga river and help stem pollution in the iconic river. The US$400 million...

Survey numbers as to expectations Green shoots of recovery are being seen following the unlocking of economy and implementation of the government-sanctioned economic packages, according to a FICCI-Dhruva Advisors Industry Survey: ‘Rebooting the Indian Economy’. But the survey emphasized that...

Leverage fintech to reach the MSME sector The World Bank is extending US$750 million for the MSME Emergency Response Programme to support the increased flow of finance into the hands of micro, small, and medium enterprises (MSMEs), severely impacted by...

Features include Digital Signature management Mumbai-headquartered Sage Software Solutions, Distributor of Sage Group PLC, has released Sage's global flagship ERP solution Sage X3 version 2020 R2 in India. The new release encompasses true modern architecture and rich features and functionalities...

Tough times for MSMEs It is important to ensure that the emergency credit line guarantee scheme (ECLGS) reaches to deserving MSMEs, said Rajesh Kumar, MD and CEO, TransUnion CIBIL. According to the TransUnion CIBIL analysis, it is heartening to note...

Mehrotra wants fast disbursement of loans Profectus Capital, a non-banking finance company (NBFC) backed by UK-based private equity firm Actis, has formed a partnership with Bangalore-headquartered LeadSquared, a new age Lending CRM, to enhance borrower experience and streamline the disbursal...