RBI Reveals Top List of 30 Major Wilful Defaulters; which owes to banks over ₹50,000 Crore

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The RBI has revealed a list of 30 major willful defaulters that together owe banks over ₹50,000 crore. Fugitive diamantaire Mehul Choksi’s three firms, including Gitanjali Gems (₹5,000 crore), figure in the list, besides Vijay Mallya’s Kingfisher Airlines (₹2,500 crore). Other names include Ruchi Soya, Rotomac Global and ABG Shipyard, all of which have been […]

India’s Urban Transport Projects to get Big Cheque worth $2.5 billion from the Asian Infrastructure Investment Bank

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India’s urban transport projects may soon get $2.5 billion from the Asian Infrastructure Investment Bank. A company executive told Economic Times that AIIB was in talks to pump $400 million each into the Chennai and Mumbai Metro rail networks. Other potential investments include $500 million in the Mumbai Urban Transport Project and $400 million in […]

MODI JUMLA: Pradhan Mantri Mudra Loans Scheme raises Red Flags for Next Banking Crisis in India; After Rising NPAs, Failure To Generate Jobs and Employment

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The Pradhan Mantri Mudra Yojana – the government’s flagship lending scheme – has failed to give a big fillip to self-employment, an official survey accessed by Business Standard shows. Between April 2015 and 2018, the scheme enabled creation of 11.2 million jobs, of which 5.1 million were new entrepreneurs – much below the government’s estimates. […]

Will Yes Bank touch ₹100? Why Ace Investor Rakesh Jhunjhunwala bought 1.3 crore shares of YES Bank?

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India’s so called Warrem Buffet and Indian Stock market Ace investor Rakesh Jhunjhunwala is always remembered for surprising analysis and invest by placing huge bets on badly hammered quality stocks and booking profits with them in the long term. He is always praised big time for exceptional bets such as Titan Company, SpiceJet, Lupin, Crisil […]

Tata Power Creates ‘TP Renewable Microgrid’ World’s Largest Microgrid Company; Will it Disrupt India’s Power Sector in Next 10 Years?

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Tata, The Rockefeller Foundation Plan 10,000 India Microgrids. TATA Power will set up a new unit, TP Renewable Microgrid Ltd., to build the microgrids through 2026 that will serve nearly 5 million homes in India’s countryside & impact 25 million people. Tata Power continues to transform itself and be at the forefront driving the Energy […]

NBFC Crisis: ₹20,000 Crore Secret Black Hole spotted in DHFL Books

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Dewan Housing Finance (DHFL) diverted ₹20,000 crore to its promoters’ private entities, Moneylife reports, citing the findings of a forensic audit conducted by KPMG. Banks may push for a change in DHFL’s management if the new details are proven true, Livemint reports. The findings could also endanger the company’s proposed debt restructuring plan. In January, […]

TURBULENT TIMES AHEAD FOR INDIAN AVIATION SECTOR: FINANCIAL HEADWINDS FOR INDIA’S AIRLINES INDUSTRY

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The airline industry has always struggled to take off. Just in India, over 12 airlines have been grounded in the last 20 years, and this is despite the fact that the Indian aviation market has seen a mammoth growth in this same period. The global trends have been no different. Through my first insight story, […]

World Bank Says India to Face Severe Economic Slowdown cuts; GDP Growth Forecast to 6%

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The World Bank has slashed India’s GDP growth forecast for the current fiscal to 6% from 7.5%. India’s economic slowdown is “severe,” largely due to external and cyclical factors, including a decline in consumption, the Washington-based institution said. Moreover, the financial sector is becoming a “drag” on growth. Earlier, the RBI and rating agency Moody’s […]

Govt soon to impose GST on Healthcare & Education will be a big blow to the Sector

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The finance ministry may impose 5% goods and services tax on certain items currently exempt and hike rates on some from 5% to 12%, Business Standard reports, citing government officials. For example, private health and education services, which are currently outside the GST ambit, could be taxed. The reason: September GST mop-up fell to a […]

India’s Realty Industry is Sinking, as Real Estate Companies Filing Bankruptcy has Doubled in One Year Fueling Biggest Ever Crisis

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The count of realty firms entering bankruptcy has doubled in less than a year since IL&FS went belly-up, Bloomberg reports.The number has risen from 209 in September 2018 to 421 in June 2019 as a resultant credit squeeze impaired developers’ ability to complete projects and service their debt.

Multibagger Stock Ideas: Kitex Garments to become No. 1 Global Player in Infant Wear Segment by 2025

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Kitex Garments Ltd is Established in the year 1992, is involved in 100 per cent export of cotton and organic cotton garments, majorly infant wear. The company has been exporting its products to the United States and European markets and is one of the giant suppliers to brands to Global apparel majors like Mothercare, Jockey, […]

As Automobile Industry Crisis Worsens; Ford Motors in talks to sell its One Billion Dollar Car Factory at Sanand in Gujarat

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Ford Motor is in early talks to sell its $1-billion factory at Sanand in Gujarat, Mint reports, quoting unidentified sources. The facility – the second of the auto major’s two plants in India – can produce 240,000 vehicles annually and builds the Aspire sedan and the Figo hatchback, mainly for exports. A company spokesperson denied […]

Amid India’s Massive Economic Slowdown; Indian Consumer Spending on E-Commerce Sites has fallen by 25 Percent in First Half of 2019

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Consumer spending on e-commerce sites has fallen by a fifth in the first half of 2019, Economic Times reports, citing a Kantar report. Average spending is down 21% while average ticket size has dropped 27% over the previous year. The key categories of mobiles and fashion saw a 16-17% decline in buyer numbers. Companies are […]

FMCG Industry Crisis as Rural India stops spending, affected by Massive Economic Slowdown

People in rural India are holding back on items such as clothes, hair oil and biscuits, Business Insider reports, citing multiple research reports. That’s largely because rural wage growth reduced from 14.6% in 2013-14 to just 1.1% in 2018-19, an SBI Ecowrap study shows. Biscuits as a category, for instance, is growing at just 1%, […]

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