Exposure to external debt in foreign currency could put pressure on CAD

Budget 2019: Indian economy will reach $3 trillion in current year, it is well within our capacity to reach $5 trillion economy in few years, says FM

Viral Acharya in October 2018 made a powerful speech lamenting that the government did not respect central bank's independence (with historic examples) and would sooner or later incur the wrath of financial markets, ignite economic fire and come to rue the day they undermined the regulatory institution

JSW Steel Ltd was the only firm that raised USD 500 million through the approval route to channel capital for modernisation

Share Market Update : Benchmark indices Sensex and Nifty closed on the negative zone Friday on account of profit booking. The indices rallied to record high levels in the early trade, however, after which fell sharply to turned red and close on the negative zone by the closing session.

The NCLT observed that the insolvency petition filed by ICICI Bank against infrastructure company was based on the similar facts and documents which the resolution professional (RP) of Era Infra Engineering had rejected in the past

Solar project developers continued to face uncertainties in 2018-19 as central and state government agencies as well as a private distribution company cancelled bids for 8,000 MW.

RBI's MPC meet: \"The rate cut is in consonance of achieving the medium term objective of maintaining inflation at the 4 per cent level while supporting growth,\" RBI said in a statement.

\"An additional fifteen aircraft have been grounded due to non-payment of amounts outstanding to lessors under their respective lease agreements,\" Jet Airways said in a filing to the Bombay Stock Exchange.

\"The repayment of the External Commercial Borrowing, availed by the Company for working capital purposes, falling due on 28 March 2019, has been delayed owing to temporary liquidity constraints and the Company has engaged with the Lender in relation to the same,\" Jet Airways quoted in an exchange filing without divulging any further details on the matter.

Tata Capital Housing Finance raised $200 million for on-lending, HPCL Rajasthan Refinery $140.71 million for new project investment, and Barclays Global Services Centre Pvt Ltd $130.11 million for new project.

This is at least the fourth time that the airline has defaulted on debt repayment in recent months.