Future-Reliance deal fails to get lenders’ nod; majority of lenders vote towards takeover

The Rs 24,713-crore deal struck between Future Retail and Reliance Industries subsidiary Reliance Retail Ventures (RRVL), manner again in August 2020, appear to have fallen by means of for all sensible functions, with the vast majority of lenders voting towards the takeover by the latter. In accordance with authorized consultants, the lenders would, most likely, […]

Curbing inflation turns into RBI’s fast concern: Minutes of the April RBI MPC assembly launched

Issues about surging inflation amid the hostilities between Russia and Ukraine fashioned the predominant thread on the financial coverage committee’s (MPC) April assembly, confirmed the minutes launched on Friday. Members of the RBI’s rate-setting panel did acknowledge the geopolitical dangers to progress, however selected to prioritise inflation because the extra proximate concern. The MPC turned […]

DFS Secretary asks banks to soar up stability sheet; elevate capital from market

The Finance Ministry on Friday exhorted public sector banks (PSBs) to strengthen their stability sheets by elevating capital from the market.The improved capital would assist banks increase their enterprise and push credit score progress within the productive sectors. Throughout the assembly with high executives of PSBs at Manthan 2022, Monetary Providers Secretary Sanjay Malhotra exuded […]

Is enterprise journey prepared for take-off?

US firms count on journey spending to be 25% of 2019 ranges within the first quarter of 2022, and 36% by the second quarter of the yr. That is projected to rise to 45% and 55% the final two quarters of the yr. However it might take not less than two years for journey spending […]