Global rating agency Fitch Ratings on Thursday kept India’s sovereign rating unchanged at the lowest investment grade of ‘BBB-’ with a stable outlook. This is the 13th year in a row that... Read more »
Motilal Oswal Real Estate (MORE) on Thursday released the second close of its India Realty Excellence Fund IV (IREF IV). The fourth real estate fund closed after raising `850 crore, which was... Read more »
The flagship lending unit of Infrastructure Leasing & Financial Services Ltd (IL&FS) has 90 per cent of non-performing loans, a company executive said on Wednesday, as the current management tries to recover... Read more »
The Monetary Policy Committee (MPC) held its first bi-monthly policy statement meeting today. The meeting discussed various current and impending macroeconomics situations. The committee decided to reduce the policy repo rate under the liquidity... Read more »
Paytm Payments Bank Limited (PPBL), the country’s largest payments bank, is looking to ramp up its savings bank customer base to 10 crore over the next one year, a top official said.... Read more »
Textiles giant Raymond Group on Wednesday has decided to venture into real estate. They will launch a 3.3 million square feet residential project in Thane at a time when the sector is going through... Read more »
India must be geared up to receive low rainfall. According to a private forecaster Skymet Weather, this year’s South-West Monsoon (June-September) is likely to be ‘below normal’, at around 93 per cent... Read more »
The Supreme Court (SC) on Tuesday repealed the RBI’s 12 February circular, which laid down rules for recognising one-day defaults by large corporates and initiating insolvency action as a remedy. On... Read more »
To reduce the debt on its balance sheet, Reliance Jio Infocomm (RJio) has completed the transfer of its optic fibre cable and tower infrastructure to two infrastructure investment trusts (InvITs). The two... Read more »
India’s oldest bellwether index has completed forty years of ups and downs. Interestingly as it begins the fortieth year, the Sensex has scaled a new peak touching an all-time high of 39115.57. The... Read more »