An impending round of bad-loan provisioning by Indian banks provides an opportunity for private equity and special-situation funds to pick up soured assets at lower prices. Brought on by the expiry of a central-bank deadline for lenders to clean up their balance sheets, the expected provisions will force them to recognize lower valuations on bad debt, making them easier to dispose, according to S. Sriniwasan, chief executive officer of the Kotak Special Situations Credit Fund.
Category: New Delhi, India
Indian government cuts taxes, pledges to boost rural economy
Indian laborers work at a flyover construction site in Jammu, India, Wednesday, Feb.1, 2017. India’s finance minister Wednesday pledged relief for middle class taxpayers and small and medium-sized companies while planning billions of dollars in spending to double farmers’ incomes over the next five years and improve the country’s ramshackle infrastructure and provide cheap homes to people.
Boris Johnson says Britain wants free trade deal with India
Visiting British Foreign Secretary Boris Johnson says his country would like to forge a free trade agreement with India as it prepares to leave the European Union. Johnson said a free trade deal would benefit both countries.
Boris Johnson says Britain wants free trade deal with India
Visiting British Foreign Secretary Boris Johnson says his country would like to forge a free trade agreement with India as it prepares to leave the European Union. Johnson said a free trade deal would benefit both countries.
Boeing Scores a $22 Billion Win in Market Dominated by Airbus
Boeing Co. won a $22 billion deal from an Indian budget carrier, pulling off a feat in a single-aisle market ruled by its European rival Airbus SE.
When India Killed the 1,000-Rupee Note, This Startup Hustled
The founder and chief executive of India’s largest digital payments company has barely slept and is nursing a head cold. Having just arrived at Paytm’s office, Vijay Shekhar Sharma discovers the coffee machine is broken.