HDFC plans to sell the shares in HDB Financial Services Ltd. and raise about Rs 100 billion, generating funds that will help it expand lending amid a crunch faced by shadow banks.
The decision to purchase soured loans of Jayaswal Neco Industries Ltd, that makes cast iron pipes, adds to a growing trend of foreign investors exploring the India's massive pile of bad debt.
If Sanae Takaichi truly carries forward Shinzo Abe’s legacy, Japan may finally enter an era of political stability, strategic clarity and meaningful partnerships abroad.
Signalling a shift in how it is positioning itself within the global tourism and remote-work economy, Sri Lanka joins list of countries, led by Estonia, that set up digital nomad visa programmes post COVID-19.
By next weekend, Bangladesh will have an elected government. This is India’s moment to reboot broken ties by moderating the ‘ghuspethiya’ rhetoric in poll-bound West Bengal and Assam.
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