Indian banks face challenges in attracting large corporations back to traditional lending. Companies are increasingly favouring capital markets for funding. Bond and equity markets offer competitive rates. HDFC Bank and ICICI Bank have reported slower corporate loan growth.
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The regulator received 4,959 fresh complaints in the month, and a total of 5,107 grievances remained unresolved at the end of June, slightly higher than the 4,563 charges that were pending as of May 31, the Securities and Exchange Board…
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NIRL, the renewable energy arm of state-owned NLC India, is expected to go public in the second quarter of the next financial year to raise around ₹4,000 crore to part fund its expansion plans, a top official of the company…
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The Income Tax Department is scrutinising over 20 insurance firms—around 5–6 life insurers and 15 general insurers—for potential breaches of Expense of Management (EoM) norms in the past two fiscal years. No notices have been issued yet, but companies may…
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Parliament’s Monsoon session is set to begin. Several economic bills are lined up for discussion. These bills focus on tax reforms and shipping. Changes are proposed for income tax and port development. The session will also address merchant shipping regulations.…
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Acer India, the wholly owned subsidiary of Taiwan-based Acer Inc, began its operations in 1999 with an initial investment of $1 million. Now, after 26 years in the country, the company is aiming to scale its revenues to $1 billion…
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