The government plans to warehouse stressed power projects totalling 25,000 megawatts (MW) under an asset management firm to protect the value of the assets and prevent their distress sale under the insolvency and bankruptcy code till demand for power picks up.

posted by Jawwad Kazi 22nd Jun 2018

As per the RBI data, India's current account deficit (CAD) jumped over three times to $48.7 billion, or 1.9 per cent of gross domestic product (GDP), in 2017-18, compared with $14.4 bn, or 0.6 per cent, in the previous financial year, driven by higher trade deficit.

posted by Jawwad Kazi 14th Jun 2018

The Securities and Exchange Board of India (SEBI) has constituted an expert committee to examine the possibility of allowing unlisted Indian companies to directly list equity overseas while also allowing foreign companies to list directly on the Indian bourses.

posted by Jawwad Kazi 13th Jun 2018

Despite demonetisation and implementation of the Goods and Services Tax (GST), there was no evidence that listed private sector manufacturing firms have de-stocked or liquidated their inventories, the Reserve Bank of India (RBI) said.

posted by Jawwad Kazi 13th Jun 2018

Government is set to unveil Rs. 500¬ crore credit enhancement fund next month to facilitate infrastructure investments by insurance and pension funds.

posted by Jawwad Kazi 12th Jun 2018