Allowing corporate houses to own banks could be disastrous: Raghuram Rajan & Viral Acharya
Rajan and Acharya have argued that allowing corporate houses entry into the banking system could intensify the concentration of political and economic power in the hands of a few business houses.
Delhi HC issues notices to SBI, others in Anil Ambani personal guarantee case
Along with SBI, Insolvency & Bankruptcy Board of India (IBBI) and the Ministry of Corporate Affairs will also have to file their responses in a plea filed by Ambani, where he is seeking to implead the three Chinese lenders - Industrial and Commercial Bank of China, Export-Import Bank of China, and China Development Bank - in the case.
Work Culture in COVID: Pandemic alters the performance appraisal system
The pandemic is not just changing the definition of the workplace - it is also altering the annual performance appraisal system. With a large workforce working from home, managers now feel the need to review employee performance more regularly.
Corporate bond sales hit record on RBI rate signal
Companies borrowed Rs 56,150 crore between October 8 and 27, show data compiled by JM Financial. During the same period a month ago, bond sales were at Rs 52,185 crore.
Hinduja Global Solutions' short-term loans to group companies raise concerns
Business process management firm Hinduja Global Solutions' (HGS) short-term loans of more than Rs 340 crore to group companies have raised concerns among corporate governance firms.
Corporate borrowings hit amid lockdown
Charge filings, which indicate new loans or additional collateral towards past loans, fell 57.4% to 277 in March and April combined from 650 in January and February, according to data compiled by Propstack, a financial data intelligence provider.
Japanese firm Amperex Technology Limited acquires 180-acre at Rs 550 crore in Haryana
Owned by TDK corporation, ATL has acquired the land from HSIIDC through a bidding process. A global leader in supplying LIP batteries across the world, ATL has two cell manufacturing facilities in China but because of India-China border tension, it has decided to invest in an Indian manufacturing unit by the name of ATL India technology private ltd.
Centre amends law to establish Jammu and Kashmir Industrial Development Corporation
The Centre on Tuesday amended the Jammu and Kashmir Development Act, 1970 for setting up an industrial development corporation for rapid establishment, growth and development of industries in the union territory.
Hold Indian Oil Corporation, target price Rs 80: JM Financial
Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 73477.51 Crore) operating in Gas & Petroleum sector.
Industry welcomes RBI's focus on reviving growth
RBI's six-member Monetary Policy Committee on Friday voted unanimously to retain the repo rate at 4 per cent while keeping its policy stance accommodative.
RBI may not allow corporate houses to own banks despite working group recommendations: Macquarie Capital
On Friday the regulator released the recommendations of its internal working group constituted to review ownership in Indian private banks. The committee recommended allowing promoters to hold 26% in banks over a period of 15 years.
Corporate borrowing costs drop in 2 months
The differential or spread between three-year triple-A-rated bonds and similar-maturity government bonds narrowed to 36 bps versus 126 bps at the beginning of July, show Bloomberg data compiled by ETIG.
IL&FS subsidiary IFIN to sell external corporate loan book of Rs 5,000 cr
The company is yet to declare its results for 2019-20. "Entire external corporate loans of IFIN of around Rs 5,000 crore will be auctioned through the bid process. The sale of the loans would be on cash consideration," the source said.
CEOs take pay cuts, re-evaluate purpose due to Covid-19: KPMG survey
More than a third have had to re-evaluate their purpose as a result of Covid-19, according to KPMG’s latest ‘CEO Outlook’. It interviewed 100 CEOs from leading business houses in India to gauge how their strategic priorities have changed over the last six months.
The three lawyers who resolved India's largest bankruptcy case now have their sights set on a new, bigger target
Ruby Ahuja, Misha and Shally Bhasin represent a visible change in India’s legal landscape but they are also reminders of how much more needs to change in the nation. India has seen women in top political offices — as prime minister and president and chief ministers — and in top corporate jobs and yet it remains deeply patriarchal in its attitudes.