The changes are intended to make long-term project lending, particularly in infrastructure and real estate, more viable by easing provisioning requirements and improving clarity around asset classification and delays in project execution.
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Mahindra Group is refining its growth strategy, concentrating on high-potential businesses to achieve significant returns by FY30, capitalizing on India’s emergence as a reliable global manufacturing hub. Amidst shifting global dynamics and supply chain concerns, Mahindra aims to scale select…
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The report observed that approximately 61 per cent of MSMEs stated that government skill and talent initiatives had not reached them, while 39 per cent affirmed that they had received benefits.
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Amitabh Chaudhry of Axis Bank believes India’s growth remains strong despite global issues. He anticipates increased credit demand following rate cuts. Japanese banks’ entry signals confidence in India. New entrepreneurs will emerge, driving growth. Axis Bank addresses deposit challenges and…
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Karnataka Bank’s MD Srikrishnan Hari Hara Sarma and executive director Sekhar Rao resigned following auditor concerns about expenses exceeding their authority. The board accepted their resignations and initiated a search for replacements, appointing Raghavendra Srinivas Bhat as COO. Auditors flagged…
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The companies of America and UK will be exempted from certain elements of the existing global tax agreement as United States and the Group of Seven (G7) nations have agreed to support a new proposal, according to the press release…
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