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SUUTI stake-sale: Centre relaxes norms for bankers

If you think the Centre had put on hold its earlier planned share-sale of its holdings in blue-chips held through the Specified Undertaking of UTI (SUUTI), then think again.Invites bids Stake-sale plans in SUUTI held blue-chips are again back on…

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Banks to issue Masala bonds, RBI opens currency markets

The Reserve Bank of India (RBI) has announced a raft of measures to boost investor participation and market liquidity in both the corporate bond and currency markets.The central bank will allow commercial banks to issue rupee bonds in overseas markets…

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Budget in Jan can front-load spending

What does the Centre hope to achieve by advancing the Budget presentation to the last week of January from the last day of February, as has been the practice for long? Much, it would seem. The move can help the…

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IFC to invest $125 million in Hero Future Energies

International Finance Corp. (IFC), the private sector investment arm of the World Bank, said on Tuesday it will invest $125 million (Rs.840 crore) in Hero Future Energies Ltd, the renewable energy arm of the Hero Group. Established in 2012, Hero…

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China moves to fend off financial risks

China took aggressive steps on Wednesday to head off signs of growing risks in its financial and banking system, unveiling detailed rules to curb an unruly peer-to-peer (P2P) lending sector and intervening in its money markets. In the past year,…

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China moves to fend off financial risks

China took aggressive steps on Wednesday to head off signs of growing risks in its financial and banking system, unveiling detailed rules to curb an unruly peer-to-peer (P2P) lending sector and intervening in its money markets. In the past year,…

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NephroPlus raises Rs 100 crore in funding for expansion

Dialysis service provider NephroPlus today said it has raised Rs 100 crore in a fresh round of funding led by SeaLink Capital Partners (SCP) and International Finance Corporation (IFC) for network expansion across the country. The company is looking to…

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