PNB names IL&FS power company in ₹2,060 crore fraud
The report from PNB comes a month after Punjab & Sind Bank reported a borrowing fraud worth ₹148.867 crore in the NPA account of ITNPCL.
The report from PNB comes a month after Punjab & Sind Bank reported a borrowing fraud worth ₹148.867 crore in the NPA account of ITNPCL.
The rating agency expects total outstanding supply of corporate bonds to increase from around ₹33 lakh crore in FY20 to ₹65 lakh crore-₹70 lakh crore in FY25, with innovations playing a key role.
The credit rating agency points out that the pandemic will continue to be a spoilsport for the NBFCs it reviewed as funding remains a challenge in the current market.
At a time when many midsized infra EPC companies are in a spot due to stretched balance sheets, KEC International has bucked the trend by careful selection of projects and diversification.
The government’s partial credit guarantee on asset purchases does not address investors’ long-term concerns about the sector’s exposure to stressed real estate: Fitch Ratings.
BSE Sensex slips over 450 points on lack of consumption push.
As 2018 draws to a close, here’s a look at some of our best stories.
Morgan Stanley India MD Ridham Desai says markets may not be as optimistic about the upcoming general election as they were before the polls in 2014.
The emerging markets guru advises not to follow the crowd.