BUSINESS
Paytm Payments Bank annual report shows board was confident RBI would validate corrective measures
Steps taken by the bank to improve compliance, according to its annual report, include the leadership’s active participation in various regulatory forums such as Digital Payments Utsav and Nationwide Intensive Awareness Campaign
BUSINESS
Akasa Air plans to raise $300 million in structured credit
The airline had earlier looked to raise equity but the plan changed to raising structured debt. Akasa in January ordered 150 Boeing 737 Max aircraft worth about $20 billion
BUSINESS
IPru MF sells 2.15% stake in Zee Entertainment amid Sony merger failure fallout
Shares sold between January 20 and January 30. Considering the average stock price of Rs177.11 apiece in this period, IPru MF has sold approximately Rs365.7 crore worth of shares.
BUSINESS
Why Sitharaman's fiscal prudence will ease funds flow to private sector
The lower level of borrowing by the central government is a positive for interest rate-sensitive segments such as real estate, autos, PSU banks, NBFCs and small private banks.
BUSINESS
Corporate India’s leaders welcome FM’s balance between growth and fiscal prudence
Interim Budget 2024: Nirmala Sitharaman’s focus on fiscal prudence, despite 2024 being a general election year, was appreciated by corporate India.
BUDGET
Will the budget 2024 fuel private capex?
Analysts at the Japanese brokerage, Nomura, expect the government to pencil in a 16.5% rise in capex outlay in FY25 (compared with 36% budgeted in FY24), which should keep central government capex elevated at 3.4% of GDP
