Banks Approves the Debt Restructuring Plan of Future Retail with Repayment of Loans

Banks Approves the Debt...

Future Retail's debt reduction strategy has been approved by banks, with loan...

India's move to increase FDI in insurance sector to 74%...

Two influential US lawmakers have applauded the Indian government's strategic move to increase foreign direct investment in the insurance sector from the...

All you need to know about Macrotech Developers Ltd IPO

The initial public offering (IPO) of realty major Macrotech Developers Ltd, which was formerly called Lodha Developers, is set to debut on the bourses on...

RBI has set up a new Regulations Review Authority

The Reserve Bank of India (RBI) sets up a new Regulations Review Authority (RRA 2.0) for a period of one year to review the regulatory prescriptions internally as well as by seeking suggestions from RBI-regulated entities and other stakeholde...

IL&FS addresses debt of 43K crore so far; ups recovery estimate to 61K crore

The new board of Infrastructure Leasing and Financial Services (IL&FS) on Thursday revised their aggregate debt recovery estimate by the group to Rs 61,000 crore, or about 62 per cent of the overall debt of over Rs 99,000 crore as of October 2018....

Citibank to exit Indian consumer banking business as part of its global restructuring plan

Citibank to exit Indian consumer banking business as part...

Citibank today said that they will exit the consumer banking businesses in 13...

Govt Raises 1.10 Lakh Crore in Covid-Hit FY21 Against 77,052 Crore in FY20: Fundraising Via Public, Rights Issues Up 42%

Govt Raises 1.10 Lakh Crore in Covid-Hit FY21 Against...

Despite the uncertainty due to the Covid-19 pandemic, fundraising through...

GE Power to Receive 50 percent Equity Stake in NTPC GE Power Services

GE Power to Receive 50 percent Equity Stake in NTPC GE...

GE Power India's board on Wednesday permitted the attainment of 50 per cent...

RBI to Purchase Bonds worth Rs 25000 crore under G-SAP 1.0

The Reserve Bank of India (RBI) will purchase bonds worths ₹25,000 on Thursday as part of its security acquisition programme (G-SAP 1.0), under which it will buy bonds worth 1 lakh crore from the secondary market in the three months to June 30

Tax Collection Yielding Revenues Higher than Revised Estimation, additional Rs 78, 000 crores revenue in FY21

The Centre has appropriated an additional Rs 78,000 crore in net (post-devolution) tax revenue in FY21, with all major tax heads yielding revenues substantially higher than the respective revised estimates (RE) shown in the Budget.

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