At a time when the Indian information technology services industry is the focus of anti-outsourcing rhetoric, the global in-house centres (GICs) or captive units of multinational companies are increasing their offshore penetration.
Bandhan Financial Services, which is to start banking operations soon, has received a combined equity commitment of Rs 1,600 crore (Rs 16 billion) from International Finance Corp (IFC) and GIC, Singapore's sovereign wealth fund.
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
The number of deals announced in the month were the highest ever at 102 for any month, compared to 75 in the same period last year and 92 deals in March.
Most NBFCs will have to slow down their loan growth. Some of the most leveraged will have to sell a part of their assets (or loan book) to banks to raise incremental capital. Others may have to knock on the door of their deep-pocketed parents.
According to sources, the government has convened a meeting involving the Nuclear Power Corporation and General Insurance Corporation (GIC), the only domestic re-insurer in the country, to take stock of the progress.
$47.6 bn capital invested across 921 deals in India in 2020, despite pandemic.
Bigger companies are signing equity JVs with global investors.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on a weekly basis.
Under the PMFBY - introduced in 2016 - farmers have to pay a maximum of 2 per cent of the sum insured for kharif and 1.5 per cent for rabi food and oilseed crops and 5 per cent for commercial/horticultural crops. Eighteen general insurance companies, including five public sector insurance firms, have been empanelled for the scheme's implementation.
Bandhan Bank has filed a draft red herring prospectus with Sebi for an IPO of up to 119 million equity shares, with face value of Rs 10 each.
The largest domestic carrier IndiGo is set to renew the insurance cover for its fleet this month, Air India and budget airline GoAir's insurance renewal is due for October, while that of Jet Airways is due in next January.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
No change in the maximum cover of Rs 750 crore.
After multiple attempts at selling itself, including to larger e-commerce player Snapdeal, ShopClues has found a buyer in Singapore-based e-commerce platform Qoo10 in an all-stock deal.
Indian reinsurer General Insurance Corporation has hardened its stance while negotiating reinsurance arrangements for the next financial year. During the first round of talks with non-life insurers, GIC said that it would pay at least 5 per cent lower commission on business that is reinsured with it. Further, it has sought a share in underwriting profits, which could be as high as 50 per cent, sources involved with the negotiations said.
Flipkart is in expansion mode, needs to infuse funds in the firm.
This is the biggest equity-raising exercise by an Indian corporate within a financial year. The fundraising - led by Citibank, Goldman, Kotak and Axis Capital as bankers - will see participation by foreign and domestic institutional investors.
Private equity firms invested about USD 3.7 billion across 133 deals during the first quarter of 2018 as compared to USD 7.3 billion by way of 200 transactions a year ago.
Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.
ICICI Financial Services, ICICI Bank's subsidiary which owns its insurance and asset management businesses, will offload 5.9 per cent stake to five investors for around Rs 2,650 crore (Rs 26.50 billion).
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Bill will come up for discussion in the upcoming winter session of the Parliament.
There were instances of 'rasta roko' at various places in rural Maharashtra
Barely two weeks after the Reserve Bank of India permitted 49 per cent foreign stake in stock exchanges
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Around 15 venture funds from the US and Southeast Asia will be making investments in the Indian real estate sector through the FII route
A steady demand environment, prudent debt management and faster absorption of office space gave them an edge over others.
The government said on Monday it planned to bring a Bill to amend the Insurance Act, which among other things, provides for increasing FDI cap in the sector from 26 per cent to 49 per cent.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
This, despite squeeze in start-up funding; $946 mn Bharti Infratel deal is biggest so far this year
It will help in reducing the turnaround time.
LIC's Rs 3,000 crore bid helped HAL reach the minimum 10 per cent dilution threshold required for listing, sources said
FMCG giant Unilever CEO Paul Polman and technology major Intel President Renee James on Tuesday met Prime Minister Narendra Modi as a slew of global corporatehonchos continue to line up to express their intention to invest in India.
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
Highest-ever mobilisation in first half of any fiscal year; bankers expect the trend to continue, given strong pipeline
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