India’s central bank has set a September 30 deadline for Tata Sons, the holding company of the Tata Group, to list publicly. Classified as an upper-layer shadow bank, Tata Sons faces this mandate under new RBI regulations for large NBFCs.…
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Tata Capital has fixed the price band for its Rs 15,511 crore IPO at Rs 310-326 per share. The issue, opening on October 6, includes a fresh equity issue and an OFS. Shares are set to list on NSE and…
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Microfinance business is significantly impacting small finance banks like ESAF, Suryoday, and Utkarsh, with nearly a fifth of their microloan books under severe stress. This deterioration in asset quality, driven by high unsecured microloans, is weighing heavily on their profitability…
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Companies are dodging stringent foreign loan rules by masking external commercial borrowings as advances from overseas buyers or trade credits. The ED is investigating firms for suspicious transactions where funds from foreign banks were quickly returned, indicating unauthorized short-term bridge…
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Tesco’s Sumit Mitra, who was earlier working at the British retailer’s Bengaluru GCC, has moved to the UK and is leading coaching responsibilities for five countries for the group. Walmart’s chief technology officer for the US, Hari Vasudev, previously held…
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India and the US are negotiating a trade deal. India offers to buy corn for ethanol production and more energy. New Delhi seeks removal of penal tariffs on Russian oil. Washington pushes for American soybean and corn purchases. India resists…
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