If you look at Srei, we have two key businesses. One, equipment financing and two, infrastructure financing. We have faced a major challenge in the
Day: May 24, 2018
Zoho: Zoho Finance Plus’ sees good adoption from SMEs, to set up data centers in India–24.05.2018
Edelweiss has a run rate of 35-40% growth. Do you think that kind of a run rate is here to stay for next three, four,
Motor Insurance: Now get higher compensation for third-party motor claims–Economic Times–24.05.2018
The government has amended the compensation amount payable for third-party fatal accidents and injury claims. According to the amendment made in Motor Vehicle Act, 1988
Easing the load: Cabinet clears ordinance for changes to the bankruptcy code – The Financial Express–24.05.2018
The Union Cabinet on Wednesday approved an ordinance amending the Insolvency and Bankruptcy Code (IBC). This follows suggestions made by a 14-member Insolvency Law Committee,
Pradhan Mantri Mudra Yojana: Finance ministry ties up with e-commerce firms to give loans – The Financial Express–24.05.2018
The finance ministry has joined hands with over two dozen e-commerce firms, including major players like Amazon, Flipkart, Ola and Uber, to provide easy finance to small
Malaysian move means little for India’s GST – The Financial Express–24.05.2018
Malaysia implemented the goods and services tax (GST) regime from April 1, 2015, which replaced its existing sales and service tax (SST) regime. This GST
Binani RP postpones creditors’ meet – The Financial Express–24.05.2018
The resolution professional (RP) of insolvent Binani Cement has postponed the creditors’ meet, which was scheduled for Thursday, citing that the resolution plan submitted by
Working, but too slowly: Bankruptcy process must keep to its own timetable | Business Standard -Editorials-24.05.18-R
The successful sale of Bhushan Steel to Tata Steel on Friday was the first big case to be resolved under the new bankruptcy framework. Among the National Democratic Alliance
Home buyers to get rights as ‘creditors’ of insolvent firms – Business Line–24.05.2018
The Union Cabinet on Wednesday gave its approval for an ordinance to amend the insolvency law so as to, among other things, treat home buyers
Bankruptcy relief for MSME promoters – Times of India–24.05.2018
Highlights Insolvency and Bankruptcy Code (IBC), has suggested that promoters of companies with turnover of up to Rs 250 crore will be allowed to bid
NCLT –‘Fraud’ land deal: 3 banks to challenge NCLT order – Times of India–24.05.2018
At least three private sector lenders — ICICI Bank, Standard Chartered and Axis Bank — are challenging the National Company Law Tribunal’s (NCLT) order that asked them
IBC–Law and learning | The Indian Express–24.05.2018
While there have been concerns regarding the timeline of 270 days, what cannot be lost sight of is the fact that the IBC is a
Amid rising bad loans of PSBs: Government won’t allow banks to default, says DFS secretary | The Indian Express–24.05.2018
The government has backed up and there’s no way the government can allow any bank to default,” financial services secretary Rajiv Kumar said. Express photo
Any cut in fuel price will be at the cost of welfare schemes, says Nitin Gadkari | The Indian Express–24.05.2018
Union Minister and senior BJP leader Nitin Gadkari has said subsidising petrol and diesel to bring down their rising retail prices will take money away from social
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