Should Indians be worried about the safety of their bank deposits? What we know (and what we don’t)

Should Indians be worried about the safety of their bank deposits? What we know (and what we don’t)

The Finance Ministry in a series of tweets earlier this week clarified that rights of depositors will not be compromised by the Financial Resolution and Deposit Insurance Bill, 2017, or FRDI Bill, expected to be tabled in the Parliament in...
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Investment by NRIs in LLP structure

Investment by NRIs in LLP structure

Limited liability partnerships (LLPs) are governed by the LLP Act, 2008. Here is a look at some of the salient features of an LLP: —It is a corporate body separate from its partners with perpetual succession —An LLP can only...
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IIFL Investment Managers to raise $500 million real estate credit fund

IIFL Investment Managers to raise $500 million real estate credit fund

Mumbai: IIFL Investment Managers, the wealth and asset management business of IIFL Holdings Ltd, is launching its latest real estate debt fund with a target corpus of almost $500 million, said a senior executive of the firm. “We are launching a...
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EESL firms up £100 million investment plan to buy heat, power utility in UK

EESL firms up £100 million investment plan to buy heat, power utility in UK

New Delhi: State-run Energy Efficiency Services Ltd (EESL) is firming up a £100 million investment plan for buying a combined heat and power utility in the UK, and investing in firms that are setting up fast-charging electric vehicle (EV) infrastructure and....
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Unichem to return 50% of proceeds from Torrent deal to shareholders

Unichem to return 50% of proceeds from Torrent deal to shareholders

Unichem has entered into a definitive agreement with Torrent Pharma to sell its branded formulations business in India and Nepal for Rs3,600 crore. Mumbai: Unichem Laboratories Ltd plans to return to its shareholders more than 50% of net proceeds it will...
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More devt banks need to join hands with ISA to promote renewable energy: Jaitley

More devt banks need to join hands with ISA to promote renewable energy: Jaitley

Finance Minister Arun Jaitley on Thursday said more and more multilateral institutions and development banks need to join hands with the International Solar Alliance (ISA) to promote renewable energy. He was speaking at the signing of Joint Financial Partnersh...
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