Shayan Ghosh News Today

Best of the Week March 30: Elections, snacks, and bye bye FY24

BOTW this week includes the Maldives president skipping India for his first foreign visit, increasing penalties levied on lenders by the RBI, the battle to control Religare and the passing of Charlie Munger.

Disruption in IT services companies amid recessionary fears: will the US go into a recession? Will Athers quality beat Olas scale? Who will prevail between IIMs and the govt?

The pre-pack model of insolvency resolution for smaller firms has failed to gain traction due to concerns of impropriety by bankers. Only four companies have used the scheme since its introduction in April 2021.

HSBC India plans to expand its funding corpus for startups after exhausting 80% of the $250 million earmarked last year, a senior executive said, underscoring ......

Reliance is testing monthly EMIs in its retail outlets, while the govt is trying to revive distressed residential projects. A new report shows that diabetes is spreading faster in India than before. TCS is dealing with a corruption scandal, while Byjus faces challenges amid board resignations.

Read latest stories, expert columns, recommendations, best strategies, breaking story analysis by Shayan Ghosh.

While HDFC Bank, India’s largest private lender, has seen over 43% attrition among frontline and sales officers, IndusInd Bank has attrition at the junior level, in line with what is being seen in the industry

Summary One of the key drivers of economic recovery in India will be the efficient movement of capital from inefficient firms to efficient ones. The economic downturn caused by the coronavirus pandemic has been severe, and India’s economy was one of the worst affected in 2020–2021. Though the economy is recovering faster than initial estimates, sustained economic recovery will not take place if stressed businesses cannot restructure their debts properly or if failing firms cannot be resolve...