Kolkata-based road developer Bharat Road Network has sold its entire 40 per cent stake in the 67-km-long Shree Jagannath Expressway in Odisha to an arm of the marquee Canadian infrastructure-focused fund Caisse de depot et placement du Quebec (CDPQ) for Rs 2,100 crore, according to two sources.
In the Union Budget for financial year 2021-22, the government had announced its intent to take up privatisation of two PSBs in the year and approval of a policy of strategic disinvestment of public sector enterprises, Finance Minister Nirmala Sitharaman said in a written reply in the Rajya Sabha on Tuesday.
Standalone health insurance player Niva Bupa Insurance, formerly Max Bupa Health Insurance, was eyeing to clock Rs 5,000 crore on its Gross Written Premium at the national level and Rs 800 crore in southern region by financial year 2023-24, the company said on Tuesday.
Microfinance lenders including banks and small finance banks may find it difficult to recover about Rs 20,000 crore worth of loans, which will be nearing 270 days past due (DPD) by the end of December.
The south-based private sector bank said it has been expanding its business by adding new product lines and increasing the distribution channel through physical and digital channels.
Axis has been looking at inorganic opportunities in insurance, micro finance. It was in discussions with Kedaara Capital to acquire Spandana Spoorthy but the deal fell through.
In order to meet its commitments under the Paris Climate Accords, the Centre has taken initiatives to promote the use of electric vehicles and has pushed state governments to incentivize the purchase of electric vehicles.
If the individual finds that some of the information stated in the AIS is not correct, he/she may file a feedback for amendment of the information.
Resolution professional (RP) Sudip Bhattacharya, backed by Duff and Phelps, has now cancelled voting on a plan scheduled for December 21. The RP has not yet admitted Citi Securities' ₹2,538-crore claim on the bankrupt shipbuilding company.
As work begins on the Budget 2022, here are a few suggestions from experts, taxpayers and investors.
The ruling is expected to impact several such investment structures entered into by developers and financiers. GVFL had filed four petitions, claiming that it, as a secured shareholder, was entitled under the shareholder pact to call upon the developer, as the original promoter, to buy back shares at a minimum 26% IRR per annum.
ET wealth tells readers how they can optimise their tax by rejigging their income and investments.
The decline in investments post the global financial crisis cannot be solely attributed to weak economic conditions. Leverage has a greater role in determining the investment pattern of the corporates with there being a negative relation between the two.