The plan implies a recovery of about 0.03% of the admitted claims and a haircut of nearly 99.97%. However, the figure does not mean that Chandra personally borrowed Rs 22,006 crore or that the entire underlying corporate debt has been…
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Indian banks are actively reducing costly bulk deposits after strong foreign currency inflows. This strategy helps optimize funding costs and potentially boost profitability for lenders. Larger banks are realizing significant savings by replacing these expensive funds. Overall, banks are expected…
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The global economy shows resilience despite recent shocks and continues growing. Artificial intelligence offers significant opportunities for emerging economies, especially India. India can leverage AI to boost productivity, jobs, and living standards. The World Bank supports India’s adoption and adaptation…
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India’s Commerce Ministry will meet industry leaders on September 1 regarding trade performance. This meeting precedes Minister Piyush Goyal’s US visit for G-20 talks. Discussions will focus on recent trade trends and sector-wise performance. Negotiations for a bilateral trade agreement…
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INDIA-HDFC-BANK-India’s HDFC Bank weighing deputy MD Bharucha, outsider for CEO, sources say
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Hindusthan National Glass has issued a default notice to Bira 91’s parent company. The glass manufacturer seeks recovery of over eleven crore rupees for unpaid dues. This action follows Bira 91’s founder stepping down amid financial challenges. Bira 91 has…
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