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 […]
Month: November 2019
India’s Urban Transport Projects to get Big Cheque worth $2.5 billion from the Asian Infrastructure Investment Bank
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
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?
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?
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 […]