In simple terms, factoring is acquiring bills receivables from MSMEs and releasing money, or giving short-term loans, against these bills to the MSMEs
HDFC Bank, ICICI Bank and Axis say bulk of the loans marked substandard in April-June was in retail category, but expect turnaround as lockdowns end.
As per British law, a bankruptcy trustee takes charge of a bankrupt person's financial and physical assets
There is a land deal controversy to settle and river water disputes to negotiate but his first challenge will be forming a council of ministers that pleases everyone.
India's mining industry is now aspiring to move ahead with an action plan to auction maximum mineral blocks in the approaching years
The prepackage process for resolution has been popular in Europe and the US over the past decade
People who have worked with him say CVK is extremely focused on executing the company's mode 1-2-3 strategy
The state government's stand and the protests against exploration have put ONGC in a spot, with recoverable oil and gas reserves worth $8.5 billion stuck
Even though a fifth of these cooperatives are in the financial sector, their share has remained low
Unlike Ola Electric, which is looking at a disruption, the two-wheeler maker is planning for a much staggered transition to electric. In the end, one or both could win
Demand recovery may help both companies post improved show in the coming quarters
Any production drop could push inflation concerns
These companies are banking on rising fuel demand predicated on growing vehicle ownership and rising mobility
Modi appreciated it, says Lord Paul
The manufacturer plans to launch three new all-electric vehicle platforms in 2025 and set up eight additional battery factories with partners, it said in a strategy update
Speaking to Anjuli Bhargava from his residence in Geneva, Saxena says the severest toll of the Covid-19 pandemic may be on the mental health of large sections of the human population
Twitter is trying to generate new revenue. The new policy clarifies what sort of data and metadata it will collect
Even as the low-cost airline he runs has shrunk to survive the pandemic, many are questioning his plans to bid for national carrier Air India
Oxfam India's inequality report draws attention to the county's unequal healthcare story hit further by Covid-19
The recent improvement in consumer sentiment is almost entirely a rural India story