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Retail investors put over Rs 2,000 cr in bankrupt firms, hoping for revival
Retail investors have put at least Rs 2,296 crore in listed companies facing proceedings under the Insolvency and Bankruptcy Code (IBC). Photograph: Joshua Lott/Reuters A median such-company had......
When will India be a $5 trillion economy? Not before FY29, says IMF
The wait for India to become a $5-trillion economic powerhouse by 2024-25 (FY25) is going to take longer than what the finance ministry had originally intended, according to the International......
Core sector growth slows down to 4.3% in Mar
The production growth of eight infrastructure sectors slowed down to 4.3 per cent in March due to a decline in the output of coal and crude oil, though for the full 2021-22 fiscal, the core sector......
HDFC Bank shifts tack to focus on wholesale loans
Defying trends, the country’s largest private sector lender, HDFC Bank, has shifted its asset mix significantly towards high-rated segments. Photograph: Shailesh Andrade/Reuters As a result,......
Indian tea companies smell opportunity as Sri Lanka crisis brews
As the economic crisis in Sri Lanka — the world’s largest exporter of orthodox tea — continues to rage across the island nation, tea producers in India look to cash in on......
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