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PTI
August 8, 2020
The Special Liquidity Scheme permits both primary and secondary market purchases of debt and seeks to address the short-term liquidity issues of non-banking financial companies (NBFCs) and housing finance companies (HFCs)


Prasanna Mohanty
August 5, 2020
India faces a fresh threat of NPAs with RBI warning dramatic rise in loan default rate from 8.5% in FY20 to 14.7% in FY21. A global study shows the Indian corporate sector was most debt-stressed with 43% of long-term loans vulnerable to default even before the COVID-19 pandemic hit


Prasanna Mohanty
July 29, 2020
Apart from rise in financial frauds in private companies in India, recent years have also witnessed a rise in the role of shell companies and tax havens in their operations, raising further concerns about illicit operations


BusinessToday.In
July 22, 2020
Udayan Sen, former CEO of Deloitte India, was the main Engagement Partner for Deolitte Haskin and Sells in the statutory audit of IL&FS Financial Services for the year 2017-18


Chitranjan Kumar
July 20, 2020
IL&FS Group's new board, headed by veteran banker Uday Kotak, expects the company to address over Rs 57,000 crore of debt, with around Rs 50,500 crore likely to be addressed by March 2021


Reuters
July 20, 2020
The new board, led by banker Uday Kotak, was appointed by the government in 2018 after a series of defaults by IL&FS and its group companies triggered concerns of a bad debt crisis in India's shadow banking sector


PTI
July 19, 2020
Wholesale lending has been the mainstay for the 25-year-old group for long, bust since IL&FS pulled down the whole industry, quantum of sticky loans, mostly extended to commercial realty, ballooned forcing it to re-align the focus now


BusinessToday.In
July 15, 2020
RIL 43rd AGM: Reliance Industries reported 10.4 per cent growth in EBITDA at Rs 1,02,280 crore in FY20 as compared to Rs 92,656 crore in the year-ago period


Anand Adhikari
July 13, 2020
Despite a widespread lockdown, the corporates and NBFCs managed to raise a cumulative Rs 1.87 lakh crore from the primary corporate bond market between April to June 24, 2020


PTI
July 12, 2020
SBI Capital Markets has received 24 applications requesting about Rs 9,875 crore of financing as on July 7, 2020, which are being processed, the finance ministry said in a statement


Anand Adhikari
July 11, 2020
While speaking at the SBI Conclave, the RBI Governor in his keynote address said that 'building buffers and raising capital' will be very crucial not only to ensure credit flow but also to build resilience in the financial system


Prasanna Mohanty
July 8, 2020
The draft EIA (Environmental Impact Assessment) of 2020 being pushed through by the central government seeks to undermine checks and balances on pollution of air, water, and soil and depletion of forests that impose heavy costs on the economy by spreading illness, deaths and loss of livelihoods of millions of people


PTI
July 5, 2020
During the quarter, the group has made an additional provisioning of Rs 900 crore towards possible loan losses due to the pandemic taking the total provisions to Rs 2,549 crore


Reuters
July 3, 2020
Talks are at a very early stage and no decision had been taken, Il Sole said, adding the that aim was to keep the 5.5 billion euro value of the special dividend but to turn its \"nature\" from cash to assets. FCA and PSA


Prasanna Mohanty
July 1, 2020
Contrary to popular notion, stock markets have repeatedly demonstrated since the 1929 Great Depression that their performance is not really linked to macroeconomic and business fundamentals


BusinessToday.In
New Delhi, June 29, 2020
Rafale jets to arrive by next month: The first Rafale-Meteor aircraft will be flown by the Commanding Officer of the 17 Golden Arrows squadron with a French pilot


PTI
June 28, 2020
Insurance Regulatory and Development Authority of India (IRDAI) has given PNB permission to continue to hold both the companies, Rao said, adding that the lender will continue to hold stake in both PNB MetLife and Canara HSBC OBC Life Insurances


Nirbhay Kumar
June 18, 2020
Government is considering a policy decision to not allow companies from any country which does not permit Indian firms to participate there to bid for projects in India


BusinessToday.In
New Delhi, June 11, 2020
There's need for ensuring flow of credit to NBFCs with \"concrete credit backstop\" to address risk aversion in system, says RBI study


PTI
June 6, 2020
In the current study, published in the journal Cell Systems, the researchers assessed the blood component called plasma in COVID-19 patients for 'biomarkers' which could provide a reliable way to predict disease progression and severity


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