Clipped from: https://www.thehindubusinessline.com/money-and-banking/srei-firms-found-ever-greening-npas-in-payment-default/article36885428.ece As on March 31, 2020, Srei Infra had a negative CRAR of 3.4% against the regulatory requirement of 15% Concerns over ever-greening of
Category: Company Specific News
Demerger to give a push to both pharma and financial services: Ajay Piramal | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/demerger-to-give-a-push-to-both-pharma-and-financial-services-ajay-piramal-121100701127_1.html In a Q&A, the Chairman of Piramal Group talks about the prospects of both businesses, the rationale for the demerger and how supply
Srei’s great leap back underlines high-risk nature of NBFC business | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/srei-s-great-leap-back-underlines-high-risk-nature-of-nbfc-business-121100701407_1.html In the past three decades, the Kanorias have weathered many a crisis, including the NBFC crisis of the 1990s and the global financial
Dixon Technologies to make Acer laptops in India under PLI scheme | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/dixon-technologies-to-make-acer-laptops-in-india-under-pli-scheme-121100800027_1.html Dixon is an eligible player for the PLI scheme under the IT hardware category Dixon will also be the first domestic manufacturer to
Hat-trick of unicorns; What are neobanks?–ECONOMIC TIMES
Clipped from: https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/hat-trick-of-unicorns-what-are-neobanks/articleshow/86841438.cms Indian startups raised more than $24.3 billion from global investors in the first nine months of 2021. Just when you thought the year
‘We want to have more ‘buy now, pay later’ customers than any card company’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/we-want-to-have-more-buy-now-pay-later-customers-than-any-card-company/article36873310.ece Upasana Taku, co-founder, chairperson and COO, MobiKwik – BUSINESS LINE Upasana Taku, co-founder, chairperson and COO, MobiKwik – BUSINESS LINE× MobiKwik co-founder Upasana
Srei lenders, second casualty of IL&FS implosion, now await a tense future – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/srei-lenders-second-casualty-of-ilfs-implosion-now-await-a-tense-future/articleshow/86804718.cms SynopsisThe woes of both the beleaguered DHFL and Srei entities arise from the collapse of IL&FS. The liquidity crisis after the collapse of
RBI supersedes boards of SREI companies, plans for insolvency proceedings | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/rbi-supersedes-boards-of-srei-companies-plans-for-insolvency-proceedings-121100400867_1.html RBI said it has appointed Rajneesh Sharma, ex-chief general manager of Bank of Baroda, as the administrator of the companies The Reserve Bank
Adani to triple solar power generation capacity in four years – The Financial Express
Clipped from: https://www.financialexpress.com/industry/adani-to-triple-solar-power-generation-capacity-in-four-years/2343629/ The overall investments, both organic and inorganic, across the entire green energy value chain would range between USD 50 and USD 70 billion.
Lenders approach RBI after ₹30,000 crore Srei loans turn NPA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-approach-rbi-after-30000-crore-srei-loans-turn-npa/articleshow/86668737.cmsSynopsis In response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had
RBI advises Dhanlaxmi Bank to ensure transparency in nominating directors – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/rbi-advises-dhanlaxmi-bank-to-ensure-transparency-in-nominating-directors/2342154/ The board kept in abeyance the recommendations of the nomination and remuneration committee of the bank, including the reappointment of prominent investor Ravi
Grasim Industries gets Rs 8,334-crore income tax demand – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/grasim-industries-gets-rs-8334-crore-income-tax-demand/articleshow/86687081.cmsSynopsis This is related to the scheme of Grasim Industries’ merger with Aditya Birla Nuvo and Aditya Birla Financial Services. Grasim IndustriesNSE 0.46 % on
Dhanlaxmi Bank shareholders reject appointment of auditors – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/markets/stock-markets/dhanlaxmi-bank-shareholders-reject-appointment-of-auditors/article36762339.ece Kerala High Court hold, adjourns it for a month Shareholders of the Thrissur-based Dhanlaxmi Bank rejected the appointment of statutory central and branch
srei group: Lenders approach RBI after ₹30,000 crore Srei loans turn NPA – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/lenders-approach-rbi-after-30000-crore-srei-loans-turn-npa/articleshow/86668737.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis In response to a query from ET, a Srei Group spokesperson said the economic downturn and loan moratoriums provided by the regulator had
Amazon writes to Piyush Goyal clarifying legal fees – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/retail/amazon-writes-to-piyush-goyal-clarifying-legal-fees/articleshow/86640391.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis “Last week some media outlets began reporting that Amazon’s India operations spent a combined Rs 8456 crore in “legal fees” During 2019 and
NCLT allows Future Group to hold EGMs to sell businesses to Reliance | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/nclt-allows-future-group-to-hold-egms-to-sell-businesses-to-reliance-121092800934_1.html The deal would consolidate Mukesh Ambani’s position in the Indian retail industry, which is witnessing huge investments by multinational players like Amazon and
Despite govt’s relief package, questions remain over Voda Idea’s survival | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/despite-govt-s-relief-package-questions-remain-over-voda-idea-s-survival-121092601052_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Premium_11072018 As of now, there’s no clarity on whether the government stake would be limited to 26 per cent or if it could go
icici bank: ICICI Bank to offer instant overdraft to sellers registered on Amazon India – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/icici-bank-to-offer-instant-overdraft-to-sellers-registered-on-amazon-india/articleshow/86549718.cmsSynopsis The new credit assessment method offers convenience to the sellers as it does away with the paper-intensive bank statements or income tax returns
reliance inmobi deal: Reliance eyes stake in Glance InMobi in a $300-million deal – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/reliance-eyes-stake-in-glance-inmobi-in-a-300-million-deal/articleshow/86556867.cmsSynopsis Reliance Industries is considering investing about $300 million in Glance InMobi backed by Google. Reliance’s investment could involve strategic cooperation along with the
Amazon’s ‘Great Indian Festival’ to begin on Oct 4; over 75,000 local shops to participate – BusinessToday
Clipped from: https://www.businesstoday.in/latest/corporate/story/amazons-great-indian-festival-to-begin-on-oct-4-over-75000-local-shops-to-participate-307534-2021-09-24 Furthering its commitment to support Small Medium Businesses (SMBs), the e-commerce giant has stated that Amazon GIF 2021 is dedicated to 8.5 lakh
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