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.
India has to play a seminal role in this process of reshaping the regional balance, or else lose the strategic, economic and geopolitical gains made in the past decades.
Nearly 50% of India’s crude imports are exposed to the chokepoint. So far this year, India has imported an average of 2.6 million barrels per day (mbpd) from Gulf countries.
Two Indian naval ships involved in the search and rescue operations in connection with IRIS Dena, which was operating 20 NM West of Galle in SAR region under Sri Lankan responsibility.
The Pakistani political leadership is weak and devoid of any intellect. Its diplomacy is entirely India-China-US focused and suffers from a presumptive view of Afghanistan as a vassal.
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