Category: Uncategorized

Outgoing CEO highlights safer financial system, which leaves banks’ own ‘stupidity’ as one of their biggest threats

India#39;s governments at the central and state level, particularly those ruled by Opposition parties, share a rather fraught relationship. And while politics plays its role, the power the Centre exerts over the availability and sharing of monetary resources is also a considerable factor.

Buyers and sellers in the transaction could not be immediately identified.

From 2013 to 2018, Rajan “predicted� doom for the global economy at the rough rate of once a year. In 2015, he predicted a 1930s-style Great Depression. None of these came true. Perhaps his luck ran out

The International Supply Chain (ISC) business will be demerged into a separate entity, Allcargo ECU Limited and will include the India part of International Supply Chain business along with the international subsidiaries and Contract Logistics business would come under Allcargo Logistics.

GMR Airports Limited (GAL), and NIIF (National Investment and Infrastructure Fund) had entered into binding agreements for NIIF to invest up to Rs 6.75 billion in GMR Visakhapatnam International Airport Limited (GVIAL).

This move is a part of the group#39;s aim to reach “ambitious green goals while facing maturing bonds next year”.

CNBC-TV18 reported that private equity firm Fairfax sold a little over 5.2 percent equity in today#39;s block deal.

The real problem turns out to be receivables—the money owed to them for goods or services rendered, which had yet to be settled by their buyers. Also, GST refunds getting stuck. And big business – the principal buyer for products and services of MSMEs – was often the key culprit

Zomato has rubbished reports claiming that it will acquire startup Shiprocket for $2 billion. The company provided clarity due to the significant scale and potential market impact of the reported deal.