RPG Enterprises Chairperson Harsh Goenka on Tuesday said the NCLT should be the next institution to be cleansed by the government to prevent “hard earned public money being stolen” as companies’ promoters stash away money on the side and get “80-90% haircut” from bankers during the insolvency resolution process. In an apparent reference to recent … Read more
Saira Malik is the chief investment officer for Nuveen’s $420 billion equity division. She runs three different strategies that are succeeding in the post-pandemic world. Malik told Insider how she’s investing in a more gradual recovery after COVID. See more stories on Insider’s business page. Since the start of 2020, few things seem to have … Read more
Companies that have a market capitalisation of more than Rs 1 lakh crore at the time of listing can now sell just five per cent of their shares, with the latest amendment in rules, a move that will be beneficial for the government during the proposed initial public offer of LIC. Such entities will be … Read more
Bharti Airtel and Tata Group on Monday announced a strategic partnership for implementing 5G networks solutions for India. Tata Group has developed a O-RAN based Radio & NSA/SA Core and integrated a totally indigenous telecom stack, leveraging the Group capabilities and that of its partners. This will be available for commercial development starting January next … Read more
Back when he was a nervous summer intern in the high-pressure Wall Street offices of Goldman Sachs, Shreevar Kheruka was put on the spot right on the second day at work. While he was keeping an eye on the terminal of his boss, who had stepped out, a message from an executive at another top … Read more
In what could bring relief to thousands of depositors, RBI on Friday granted an in-principle small finance bank licence to Centrum Finance as part of its resolution for the Punjab and Maharashtra Cooperative Bank. Centrum Finance, upon conversion to a small finance bank, will acquire the business of PMC Bank that has been under a … Read more
Two domestic credit rating agencies are leading the way in forming a self-regulatory organisation for the sector. CARE Ratings and Acuite Ratings & Research have set up a unit to evolve a common code of conduct and practices to prevent a recurrence of defaults such as those by IL&FS and DHFL. This is the first … Read more
Amara Raja Batteries Ltd (ARBL) on Monday announced energy and mobility as its strategic focus going forward to capitalise on emerging opportunities. It announced expansion of lead acid batteries business and establishment of a new energy strategic business unit encompassing lithium cell and battery pack, EV chargers, energy storage systems, advanced home energy solutions … Read more
The company, which is part of Eicher Motors, noted that it has a rich pipeline of products under development which could hit the market in the coming days Mid-sized motorcycle maker Royal Enfield expects the current fiscal to be one of the best for the company in terms of new model launches as it looks … Read more