Technology has opened up the Indian finance sector, creating equal opportunities for one and all.
The crisis in the Indian finance sector is severely limiting its ability to provide sufficient credit flows to industry; and this is delaying the economic recovery. Extensive reforms are required to facilitate the flow of some of the international pool of $600 billion that is looking for suitable investment destinations.
The metals and mining firm is in talks with global banks to help finance the delisting offer of Vedanta Ltd. Vedanta Resources is reportedly raising up to $2.5 billion in short-term loans from international banks to help finance the delisting offer of Vedanta Ltd. Banks such as JP Morgan, Barclays, Standard Chartered and Citi have been tapped to underwrite the facility in three-month and 12-month maturities. “JP Morgan is the lead banker to the deal. They are also talking to [...]
An industry expert elaborates on the reforms that will be necessary to elevate India’s position in the new world order. Highlights: India needs banks to be governed and managed in an independent manner, devoid of perceived or real government involvement. Insurers and pensions need to be part of the credit markets for the long-nascent corporate bond market to develop. Banks and other credit market participants should be permitted to strip the credit risks that they take on, and actively and [...]
A dynamic financial landscape, strong professional pool and an affinity for digital innovation make Jersey an attractive investment destination, says the region’s External Relations Minister. For over 800 years, Jersey has been a self-governing, autonomous Crown Dependency. It is the largest of the Channel Islands, lying 85 miles off the English south coast and just 14 miles west of Normandy. With a population of slightly over 100,000, the Island would certainly not qualify for a list of the 50 most [...]
Amitabh Kant, as the dynamic CEO of the National Institution for Transforming India – NITI Aayog, is charged with formulating some the country’s most innovative growth ideas. In this Yearend interview with ‘India Global Business’, he looks back at India’s achievements such as acquiring the world’s largest biometric programme and looks ahead to some transformative changes in store, especially for small and medium enterprises. What is the expected impact of PM Modi’s recent announcements to help MSMEs? A major step [...]
Rishi Khosla is the Co-Founder and CEO of Britain’s digital bank OakNorth, which specialises in small and medium enterprise (SME) lending globally, using its data and technology platform OakNorth Analytical Intelligence. The company recently completed a $100-million funding round and has doubled its loan book from $1.1 billion to $2.2 billion since the start of 2018. In this interview, the Global Indian gives an insight into this fintech success story. What are the key factors behind OakNorth’s recent hugely successful funding round? [...]
A tax expert helps UK businesses navigate through some provisions and amendments in Indian corporate tax law that impact cross-border investments. In recent years, India has emerged as one of the most attractive investment destinations amongst emerging markets. In 2018, India ranked 11th amongst the highest recipients of foreign direct investment (FDI) globally as per A.T. Kearney’s ‘FDI Confidence Index’. In terms of investment flows from the UK to India, UK has emerged as the fourth-largest investor in India, after [...]
The Trade Minister of the Canadian province of Ontario lays out the credentials for Indian companies to invest in the economically vibrant region. Our government wants the world to know we are open for business. The province of Ontario accounts for 40 per cent of Canada’s economy. We’re located in the heart of North America, with access to 14 road border crossings into the United States and 142 million consumers within a day’s drive. We also lead the nation in [...]