Most governments across the world incentivise debts to drive business even when it leads to over-borrowing, economic instability, tax evasion and adversely impacts investment in public goods. In contrast, equity-driven business has none of these ill-effects, produces better economic outcomes too

India Stock Market Highlights Today: ONGC, followed by Tech Mahindra, TCS, HCL Tech, NTPC, Infosys and HDFC duo were among the top gainers today, while Maruti, Axis Bank, Bharti Airtel, M&M and Reliance Industries were among the laggards.

The company is a 100 per cent subsidiary of Reliance Capital Ltd, and offers a wide range of financial products including small and medium enterprise loans, loans against property, infra financing, agriculture loans and supply chain financing

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

NITI Aayog has recommended the government to privatise three public sector banks - Punjab & Sind Bank, UCO Bank and Bank of Maharashtra

The growth was negated with double digit decline in travel and hospitality, retail and consumer goods, which the company expects to be under pressure for the rest of the year as well

PM Modi emphasised that the government was firmly behind banks and NBFCs, and is ready to support them and promote their growth

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

Bank of Maharashtra, UCO Bank, Central Bank of India, Jammu & Kashmir Bank were among top gainers from the Nifty PSU Bank index, gaining between 5-7 per cent

Top companies that hit the primary market with initial public offerings (IPOs) last year included IRCTC, CSB Bank, Ujjivan Small Finance Bank, Prince Pipes, IndiaMart, Neogen Chemicals, Rail Vikas Nigam, Sterling and Wilson Solar, and Affle India among others

The decision was taken at the meeting of the financial resources and management committee of the board of directors held today, Manappuram Finance said in a regulatory filing

PSBs sanctioned Rs 71,818.16 crore, out of which Rs 47,631.41 crore has been disbursed by July 23. Private sector banks have sanctioned Rs 58,673 crore and disbursed Rs 34,433 crore

Contrary to popular belief, private sector efficiency vis-a-vis public sector is a neoliberal construct for which there is little evidence or lived experience but is pushed, nevertheless, for private gains

Bansal says that his new venture Navi will stay away from payments business, but he has plans to take his financial products to a billion Indians over the next few years

A slowing economy and widespread stress in India Inc. are creating opportunities for promoters and strategic investors to ink M&As, buy back shares and delist

Stock Market Highlights on July 22: Bajaj Finance, followed by HUL, Maruti, IndusInd Bank, SBI, Tech Mahindra, L&T, Infosys and HDFC duo were among the top losers today, while Axis Bank, Sun Pharma, NTPC and ITC were among the gainers.

The loan amounts sanctioned by public sector banks stood at Rs 70,894.59 crore, of which Rs 45,797.29 crore has been disbursed as of July 20, says finance ministry

Share market updates and analysis for July 22: Corporate earnings announcements, coronavirus vaccine hopes and global cues to set tone for stock markets

Earlier in 2019, the government created a handful of larger banks by merging ten state-owned banks into four. \"Now we are thinking of selling the unmerged banks to private players,\" government sources said

Bajaj Finance Q1 result: During April-June quarter, company made an additional contingency provision of Rs 1,450 crore, taking the overall contingency provision for COVID-19 to Rs 2,350 crore