The Economic Times
The Economic Times India's infrastructure push to be among largest in 21st century: KPMG
India is likely to see implementation of one of the biggest infrastructure programmes in 21st century, amongst the largest economies and creating fiscal sources of capital would be key to this initiative, according to a KPMG report.
The Economic Times India cenbank retains SBI, HDFC Bank, ICICI Bank in too-big-to-fail list
INDIA-CENBANK-India cenbank retains SBI, HDFC Bank, ICICI Bank in too-big-to-fail list
The Economic Times Vedanta Resources plans to sharply reduce cost of funding by April
The $850 million private credit facility from Standard Chartered Bank, which carries a high interest rate of 18%, is secured against future brand fee receivables. These brand fees, projected at around $300 million annually, help VRL with a recurring revenue stream that partially services this private credit.
The Economic Times IDFC FIRST Bank Launches FIRST Wings Start-up Lounge to Empower Indian Start-ups
IDFC FIRST Bank launched its inaugural "Start-up Lounge" in Bangalore to bolster early-stage businesses. The lounge offers resources, mentorship, and networking opportunities, including a dedicated banking program with tailored financial solutions. The bank aims to foster innovation and growth within the startup ecosystem.
The Economic Times Nvidia and SoftBank pilot world's first AI and 5G telecom network
"Every other telco will have to follow this new wave," SoftBank Group CEO Masayoshi Son said at an AI event where he was speaking alongside Nvidia CEO Jensen Huang.
The Economic Times ECBs by Indian cos contract 1.1 billion in September: RBI data
External commercial borrowings in September dropped by $1.1 billion to $4.8 billion. Financial services led the borrowing activity, with Power Finance Corporation raising $1.06 billion. Other key borrowers included Shriram Finance and Cholamandalam Investment.
The Economic Times SoftBank swings to profit with help from hot Indian IPO market
A boom in India’s IPO market is buoying the Vision Fund, which for years struggled to win returns commensurate with its $100 billion-plus scale. It’s a rare moment of victory for the Vision Fund, which posted two straight years of hefty losses after startup valuations collapsed, erasing its previous gains.
The Economic Times NTPC Green seeks $12 billion valuation for its IPO
NTPC Green Energy Ltd. aims for a $12 billion valuation in what could be one of India's largest renewable energy IPOs. The share sale, potentially raising Rs 10,000 crore, is expected to open on Nov. 18 and close on Nov. 21.
The Economic Times SC ruling on liquidation delays: Implications for corporate insolvency resolution
The Supreme Court emphasized the importance of timely resolution under the IBC, stating that delays harm companies and liquidation should be a last resort. They criticized the NCLAT's decision to uphold a resolution plan despite significant delays and directed the liquidation of Jet Airways, setting a precedent for future insolvency cases.
The Economic Times Sebi issues Rs 52 crore demand notice to two entities in RHFL illegal fund diversion case
The regulator has warned these entities to attach assets and bank accounts if they fail to make the payment within 15 days.
The Economic Times Adani's renewable energy ecosystem wows European ambassadors
Four European ambassadors recently toured Adani Group's renewable energy projects in Gujarat. Gautam Adani, Chairman of the Adani Group, hosted the diplomats. The diplomats visited the world's largest renewable energy park in Khavda. They also explored the manufacturing facilities at Mundra Port. Adani outlined the group's plans to scale up green hydrogen production.
The Economic Times Sebi eases FPI registration process
To facilitate ease of onboarding of foreign portfolio investors and reduce duplication of available information, Sebi has said applicants can choose to fill either the entire common application form or an abridged version with unique fields.
The Economic Times Bharti Airtel faces Rs 10.65 Crore penalty under GST for 2017-18 tax liability
The Company is likely to challenge the order. "There is no material impact on financial, operation or other activities of the Company," Bharti Airtel said in an exchange filing.
The Economic Times Plans afoot to put LLPs and cos on par in accounting
The Indian government is considering implementing new accounting standards for large limited liability partnerships (LLPs) to enhance transparency and accountability. These standards, aligned with those for companies, aim to improve financial disclosures and attract more investors to LLPs.
The Economic Times India to overhaul auditing standards by 2026, NFRA proposes key revisions amid disagreements with ICAI over group audits and SQM
The NFRA has approved 38 of 40 proposed auditing standards, largely based on ICAI recommendations, but ICAI has raised concerns over key revisions to SA 600 and SA 299, citing potential challenges.