PRIVATE SECTOR FINANCING

Axis Bank prunes overseas presence as it consolidates local business

RBI fixed December 31 as the deadline for debt restructuring requests from borrowers coming under stress due to the pandemic.

Bad debt fear keeps private banks away from street vendor loans

Last week, a branch manager of a leading state-run bank in Madhya Pradesh wrote to the municipal commissioner seeking “cooperation” as seve...

PE inflows to realty seen growing 30% to $6b in 2021: Report

PE investments into the realty space is expected to dropped to USD 4.6 billion in 2020 due to decline in the overall economic activity hit ...

SBI Life and Apollo join the race for RCap assets

December 1 was earlier the deadline for the submission of EOIs. Over 60 different bids have been received with SBI Capital Markets Limited ...

Why PPFAS MF’s Rajeev Thakkar doesn't want to raise his exposure in private sector lenders

Time will tell whether ITC is a correct purchase or not, but it is a recent purchase for us and wherever a stock has underperformed for 3-5...

Investment will not come in unviable power sector, says R K Singh

Singh said that the government's bailouts were not sustainable in the long run, and the discoms will need to adopt best practices to ensure...

Finance Ministry notifies updated viability gap funding scheme

Projects under the scheme would be implemented by a private sector company as selected by the government or a statutory entity through a pr...

Big opportunity for consolidation in infrastructure sector: KKR India CEO Sanjay Nayar

"There will always be critics. India is on track to be a $5-trillion economy and, for that, we need new and innovative avenues of credit su...

DBS buyout shows India banking sector is opening: Sitharaman

Sitharaman lauded the Reserve Bank of India’s efforts in steering the bailout of Lakshmi Vilas Bank Ltd. by allowing a local unit of Singap...

Weak demand hurts UAE non-oil private sector again in November: PMI

The seasonally adjusted IHS Markit UAE Purchasing Managers' Index (PMI), which covers manufacturing and services, stood at 49.5 in November...

View: For good healthcare, India needs a more responsive public and more responsible private sector

Universal health coverage in the country demands efficient and equitable service provision, with the public sector leading the way and priv...

Increase public spending on health sector to 2.5% of GDP by 2024: N K Singh

The 15th Finance Commission submitted its report pertaining to the period -- 2021-22 to 2025-26 -- to President Ram Nath Kovind on November...

No additional compliance burden on private companies for LTC scheme: Finance Secretary

Under the new scheme, employees will have to submit to their companies bills indicating expenditure of an amount 3-times of the LTC. The co...

International Finance Corporation extends USD 4-bn loans to private companies to fight pandemic

IFC's pandemic response is focused on reaching the most vulnerable people in the developing world. In March, IFC committed USD 8 billion in...

Clarification on private sector LTA plan soon: Anurag Thakur

Junior minister for finance Anurag Singh Thakur has been in the thick of action, working closely with his boss Nirmala Sitharaman, on steps...

Saudi finance minister says Vision 2030 'tried and tested'

"It proved to be the right plan. The economy was able actually to deal with it (the coronavirus crisis), the government was able to deal wi...

Standard bidding document for discoms not to reform power sector but to privatize: AIPEF

AIPEF in its submission of comments has written that before considering the SBD proposal, the fundamental issue of privatization of disocms...