Investment

The Reserve Bank of India (RBI) has issued a revised framework for resolving stressed assets by offering lenders a 30-day period to label an account of a Non-Performing Asset (NPA).

Wipro Limited has announced the appointment of Rishad Premji as Chief Strategy Officer and Member of the Board, taking over as the Executive Chairman of the company Azim Premji, who retires on 30 July 2019.

The market for distressed assets in India is vast and will increase in the days to come, given the size of the Indian economy, its growth potential of 7+% for over next two decades or so, increase in intensity of...

The Competition Commission of India (Commission or CCI) has approved the acquisition of electrical and automation (EA) business of Larsen & Toubro Limited (L&T) by Schneider Electric India Private Limited and MacRitchie Investments Pte. Ltd.

Singapore, the Asian economic hub ranked top with 2018 foreign direct investment flow into India, is seen as leading investor in India’s US$250 billion worth of stressed assets in the financial sector.

The Federation of Indian Chambers of Commerce and Industry (FICCI) has called for a dialogue between India and the US to find a workable solution with regard to the termination of the Generalized System of Preferences (GSP) for Indian products.

Wipro Limited has signed a definitive agreement to acquire Milford, Ohio-based International TechneGroup Incorporated (ITI), a global digital engineering and manufacturing solutions company.

The World Bank sees Indian economic growth at 7.5% over the next three years, driven by robust investment and private consumption.

India’s Asian Paints has successfully transformed its procurement planning by implementing o9 Solutions’ cloud-based, artificial intelligence platform.

The Indian Government has issued instruction that all accounts exceeding Rs.50 crore, if classified as Non-Performing Assets (NPAs), be examined by banks from the angle of possible fraud.