How will the Unified Pension Scheme impact India’s finances?
While the UPS is not a complete return to the Old Pension Scheme (OPS), which was a fully defined benefit plan, it is expected to strain the exchequer.
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WhiteOak Capital Arbitrage Fund
Introducing the WhiteOak Capital Arbitrage Fund: A New Investment Avenue WhiteOak Capital is launching a new fund offering, the WhiteOak Capital Arbitrage Fund, which opens on August 28, 2024, and closes on September 3, 2024. This fund provides an opportunity…
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Patel Engineering eyes 10% top-line growth this fiscal, zero term debt in 2-3 years, says acting CFO
Patel Engineering’s acting CFO, Rahul Agarwal, highlights that while transparency in government contracts has improved, the alignment of new technologies between government agencies and contractors remains a challenge, offering opportunities for increased efficiency.
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Vedanta readies INR 30,000-cr war chest to pursue further deleveraging, growth
Vedanta Ltd, led by Anil Agarwal, raised INR 30,000 crore through various means, including a qualified institutional placement and an offer for sale. The funds will be used for deleveraging and growth. The company’s profit grew significantly, with a noted…
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SBI Research anticipates Q1 GDP growth at 7.1%, in line with RBI forecast
The Indian economy is projected to grow by 7.0-7.1% in Q1 of 2024-25, according to an SBI Research report. This forecast, however, carries a downward bias. The Reserve Bank of India has predicted a 7.2% GDP growth for the entire…
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RBI looks to soften blow of tighter infrastructure funding rules
RBI is considering a phased approach to increasing provisioning for project financing to ease the impact on lenders and protect profitability. Projects nearing completion may receive some leniency. Despite pushback from lenders and the finance ministry, the RBI is committed…
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