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US in stagflationary shock, India remains outlier, says BofA's Claudio Irigoyen

Mumbai, June 9 -- As the US economy goes through a stagflationary shock owing to higher tariffs, India and other countries will remain outliers, according to Claudio Irigoyen, managing director and he... Read More


RBI aims to boost economic growth, liquidity with jumbo rate and CRR cuts

Mumbai, June 6 -- In a move to invigorate India's slowing economy and in the wake of consistently easing inflation, the rate-setting committee of India's central bank slashed the repo rate by 50 basis... Read More


Hindujas aim to bolster stake in IndusInd Bank through new fundraise

Mumbai, June 3 -- IndusInd Bank's promoter entity, IndusInd International Holdings Ltd (IIHL), is in preliminary discussions with long-term investors, including sovereign wealth funds and pension fund... Read More


What's cooking inside RBI's Bengaluru innovation hub?

Mumbai, May 28 -- Chaarmikha Nagalla, 24, believes in the power of bringing ideas to life. So when it came to choosing a career, this economics and computer science graduate from Chennai was clear she... Read More


RBI dividend: Fiscal boost for government from record Rs.2.69-trillion payout for FY25

Mumbai, May 23 -- The central board of the Reserve Bank of India (RBI) has decided to transfer a record Rs.2.69 trillion as surplus to the government for the fiscal year 2024-25, the central bank said... Read More


PFC declares Gensol as fraud, to approach NCLT if recovery falls short

Mumbai, May 22 -- State-run Power Finance Corp. has declared its loan exposure to Gensol Engineering Ltd as fraud after its preliminary findings and has fully provided for the loan amount, according t... Read More


IiAS urges 'no' vote on Bajaj Finance vice-chairman's reappointment over pay

Mumbai, May 20 -- Proxy advisory firm IiAS has recommended Bajaj Finance Ltd's shareholders to vote against the reappointment of Rajeev Jain as vice-chairman and executive director, citing lack of cla... Read More


Debt-laden SP Group seeks $1.3 billion through realty IPO and energy asset sales

Mumbai, May 19 -- Shapoorji Pallonji (SP) Group, the Mumbai-headquartered real estate and infrastructure conglomerate run by billionaire Shapoor Mistry, is planning to raise $1.3 billion (about Rs.11,... Read More


CLSA, Investec cut IndusInd outlook on audit concerns

Mumbai, May 17 -- Foreign brokerages including Investec and CLSA have downgraded their recommendations on the shares of IndusInd Bank Ltd after the lender flagged two more accounting issues in its int... Read More


IndusInd Bank: CLSA, Investec downgrade stock as fresh accounting issues crop up

New Delhi, May 16 -- Foreign brokerages including CLSA and Investec have downgraded their recommendations on IndusInd Bank Ltd shares after the lender flagged two more accounting issues in its interna... Read More