Economy

Public Banks' NPAs continue to increase. Banks in India were confident that the recent amendment to the Banking Regulation Act will help them with Non-Performing Assets (NPAs) resolutions, according to a survey. However, NPAs continue to increase, adding to the...

But everything is not hunky dory, report. Recent reforms have put India in a position to achieve faster and sustainable growth over the next few years, but policymakers face challenges in handling non-performing loans and reviving private investments. This is...

ECU Worldwide reaches out to customers/clients. ECU Worldwide, an Indian origin non-vessel operating common carriers (NVOCCs), is redefining and re-energizing its global transport and logistic business. “At ECU Worldwide, the objective is to redefine and re-energize the global transport and...

89% leased commercial hub in the city. Influx of new companies, increased net absorption, improved average transaction size, healthy demand pipeline, etc. are indicative of the positive outlook and preference for Hyderabad commercial leasing market, said Hari Prakash, Senior General...

Builders told to improve operational efficiency. A Lodha Group property. India’s real estate industry was at an inflection point, and would leapfrog to US$350 billion in 10 years from $120 billion at present, said Abhishek Lodha, Managing Director of Lodha...

NPAs drains financial wellbeing of banks. Emboldened by the Banking Regulation (Amendment) Ordinance, the Reserve Bank of India (RBI) is expected to put bad loans worth about Rs.8 lakh crore for resolution by March 2019, a move that could bring...

Room for improvement in tribunal work, says Bhatia. More benches and members would be joining the National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT), Amardeep Singh Bhatia, joint secretary in Ministry of Corporate Affairs, has told...

IBB chief calls for IPO model. M. S. Sahoo. Building the institutions of market can help the mergers and acquisitions (M&As) process to move faster, chairperson of the Insolvency and Bankruptcy Board of India (IBBI), M.S. Sahoo said at an...

DBS facilitates fund-raising from Singapore. Niraj Mittal. Interview: Niraj Mittal, head of DBS International Banking Group in India. Mittal says DBS understands the nuances of Indian market and facilitates fund-raising from Singapore. It is also in conversation with Indian groups...

It will make MSMEs more competitive with large enterprises. The Goods and Services Tax (GST) would boost the competitiveness of micro, small and medium enterprises (MSMEs), enabling them to compete with foreign competition from cheap cost centers such as China,...