Indian

$5-trillion economy achievable but time frame uncertain: SBI Chairman

Jan 5, 2020

“India today is a $2.5 trillion economy, and we have set a target of becoming $5 trillion by 2025. In this target, 50 per cent will be international trade, of which exports will be a major component,” Prabhu — who is Prime Minister Narendra Modi’s sherpa for the G20 summit

FPIs begin 2020 with profit booking, withdraw Rs 2,418 cr in 1st 3 sessions

Jan 5, 2020

Umesh Mehta, head of research at Samco Securities said that “given the massive rally of previous year, FPIs have started booking profits in 2020. It is likely that they are building up their war-chest to enable buying in huge quantities just before the Budget in February.”

Govt plans quarterly, half-yearly financial statement norms for unlisted companies

Jan 5, 2020

There are more than 11 lakh unlisted companies that are active in the country and the proposal also assumes significance against the backdrop of instances of financial woes at some large unlisted entities.

Many PSBs may exit insurance JVs in 2020 to raise funds

Jan 5, 2020

According to Finance Ministry estimates last year, PSBs will require Rs 1.8 lakh crore additional capital in the next four financial years. Of this, they will have to raise Rs 1.1 lakh crore from the market or via the sale of non-core assets. The ministry of finance earlier indicated that weaker banks will have to sell assets, reduce overheads, shut loss-making domestic and foreign branches and temporarily stop employee benefits, if necessary, in order to independently raise capital to meet the shortage.

« Older Entries

Next Entries »

International