Focus should be on PE/VC exits to generate returns Developing stronger and sustainable business plans will help startups in receiving private equity/venture capital (PE/VC) funding, suggested a recent ASSOCHAM-Hammurabi & Solomon joint study.
Study warns of skill shortage in the sector Emerging technologies such as 5G, M2M and the evolution of Information and Communications Technology (ICT) are expected to create employment avenues for almost 870,000 individuals by 2021, according to an industry study.
Divestment has been slower till date The Indian government is expected to raise Rs.465 billion through stake sales in public sector business of the Rs.725 billion target it has set in the current fiscal year, according to report by the Development Bank of Singapore (DBS)
Proceeds to part finance expansion of yard projects. Cochin Shipyard has raised Rs1,442 crores from the Initial Public Offer (IPO) which has been a combination of fresh issue and offer for sale in the ratio of 2:1.
Transparency in online platform wins consumers. Singapore financial technology start-up SingX aims to achieve S$250 million worth of online remittances by end of this year, most of it being routed to India.
Public Banks’ NPAs continue to increase. Banks in India were confident that the recent amendment to the Banking Regulation Act will help them with Non-Performing Assets (NPAs) resolutions, according to a survey.
58 projects approved under Sagarmala Programme. A Master Plan has been formulated for 12 major ports which includes 142 port capacity expansions, costing Rs.91,434 crore, and 884 million ton per annum of capacity creation over the next 20 years.
Centre to provide independent dispute solution. The Singapore International Arbitration Centre (SIAC) has opened second representative office in India in the International Financial Services Centre in Gujarat International Finance Tec-City (GIFT IFSC), Gujarat.
41 of Namami Gange Programme completed. The Indian government has withdrawn US$91.26 million till now from the World Bank sanctioned US$1 billion loan for projects on the main stem of Ganga river, Lok Sabha was told on 10 Aug 2017.
But everything is not hunky dory, report. Recent reforms have put India in a position to achieve faster and sustainable growth over the next few years, but policymakers face challenges in handling non-performing loans and reviving private investments.