Expecting economic activity to rise beyond pre-Covid level without large fiscal and monetary stimulus would be erroneous as aggregate demand in the economy was already weak before the impact of the pandemic.
The failed delisting of Anil Agarwal’s Vedanta Ltd has narrowed the refinancing options for its parent company Vedanta Resources, raising risks over the company's ability to sustainably service its debt beyond the next 12 m
In an effort to increase the penetration of credit systems in India, digital financial service provider Paytm said that it is working on building ‘Next Generation Credit Cards’, partnering with various card issuers.
Total outflows from open ended debt funds was at Rs 51,962 crore. Equity schemes saw outflows of Rs 734 crore in the previous month, which is significantly down from the massive Rs 4,000 crore recorded in August.