At present, the government and LIC are categorised as promoters. They would need approvals for the reclassification of their shareholding status under present regulations.
At present, the government and LIC are categorised as promoters. They would need approvals for the reclassification of their shareholding status under present regulations.
The investment was facilitated via the Gruhas ASPIRE accelerator programme, a joint initiative of Gruhas Proptech Fund, The DLF Family office, and Anthill Ventures.
“In a follow-up to our report outlining our credit concerns with Adani Group companies, we are presenting this piece to reconcile our calculations with Adani Group’s presentation,†CreditSights said in a report Thursday. “We discovered calculation errors we had made in two of the Adani Group companies - Adani Transmission and Adani Power.â€
New Delhi, Sep 11 (PTI) Suitors for debt-ridden Reliance Capital Limited (RCL) have sought extension of up to 4 months for submission of binding bids as part of its resolution process.
KKR is close to appointing two banks to manage the formal process for the transaction, the people said, asking not to be named as the information is not public. Other investors in the Mumbai-based firm might also join the private equity titan in the deal, taking the stake for sale to about 80% of the company, they said, without providing specific details.
"Intense competition from banks and the rising interest rate scenario will limit the competitiveness of NBFCs in certain segments, leading them to focus on higher-yield segments for growth," said Krishnan Sitaraman, deputy chief ratings officer. Vehicle finance, which constitutes nearly half of the assets for NBFCs, will grow at 11-13 per cent in FY23, as against 3-4 per cent in FY22 and FY21, the agency said.
Disruption in business and economic activity amid Covid-19 had restricted loan growth for NBFCs to between 2% to 4% in fiscal ending March 2020 and March 2021, and to 5% in fiscal 2022. But better economic prospects due to a revival in loan demand is expected to help NBFCs post a 11% to 12% in the fiscal ending March 2023, a four-year high — to about Rs 13 lakh crore.
This is the second time since the RBI implemented the inflation targeting approach that retail inflation has exceeded the upper tolerance limit of 6% for eight straight months – the first time was from April 2020 to November 2020. The finance ministry, on the other hand, expressed optimism that the government's export ban on atta, rice, maida, and other grains would help to keep prices in check.
Suresh has close to 10 years of experience across law firms including AZB & Partners and Cyril Amarchand Mangaldas. He brings in-depth understanding of legal, compliance, regulatory, transactional, and structuring aspects of multiple sectors, including banking, information technology, manufacturing, e-commerce, real estate, retail, healthcare, insurance, and education.