SBI Chairman Khara stated a growing demand for credit from corporates, with Rs 5 lakh crore loans in the pipeline, signaling a shift towards seeking credit for working capital and capacity expansion.
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Bharat Petroleum Corp Ltd has mandated SBI Capital Markets to arrange a Rs 31,000 crore loan for the planned capital expenditure at its Bina refinery complex in Madhya Pradesh.
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The markdown in the outlook for rate cuts, from three quarter-percentage-point reductions seen in the Fed’s March projections, was made despite the central bank’s acknowledgement in its new policy statement of “modest further progress” towards its 2% inflation target –…
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Finance minister Nirmala Sitharaman has expressed optimism for India’s economic outlook, stating that reform momentum will continue to spur growth and ensure macro-economic stability. She has emphasized India’s “commendable growth story” amid global turmoil and pledged more steps to ensure…
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It is keeping aside a war chest of $3 billion for these acquisitions, these people said. The group is aggressively pursuing an inorganic strategy to boost capacity and emerge as the largest cement manufacturer within the next three to four…
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International Financial Services Centres Authority chairman K Rajaraman has said that regulations for direct listing of Indian companies in the GIFT IFSC will be out in a month.
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