Unsecured personal loans, credit cards, business banking, and MSME loans are emerging as new breeding ground for banks NPAs. How serious is the problem?
Rajaram Legal in the city as its third partner there.
The 2008 NLSIU Bangalore graduate specialises in M&A and private equity and is joined by colleague Poonam Sharma as a senior associate.
Srivastava primarily advises investors as well as on structuring their investments.
Sharma has worked on acquisitions, control acquisitions, fund raises, cross border buyouts, complex private equity exits, portfolio buyouts, secondary share purchases and joint ventures, according to a statement form Rajaram.
When asked about where most of the firm’s revenue was coming from these days, Mumbai-based managing partner Archana Rajaram said: “VC and PE and increasingly M&A. The last few quarters have primarily been late stage funding upwards of 100mn.”
10.35%
1.23%
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The Securities and Exchange Board of India (SEBI) introduced ESG for the top 1,000 companies on the stock exchanges in September, last year. The process is voluntary for now, but will be made mandatory once the next financial year kicks in.
To be part of the ESG wave, companies have to share information with the regulator about redressal procedures for complaints, research and development for better social and environmental outcomes, and provisions for the differently abled.
When it comes to the environment, they’re required to disclose the amount of energy consumed, water usage, and how sustainable are the input materials being used.
Friday, 16 April 2021 12:17 Law firms
Roshan Thomas to join Byju
Shardul Amarchand Mangaldas Bangalore-based partner
Roshan Thomas will be leaving to become group general counsel (GC) at online education giant
Byju‘s, according to a press release from the firm.
SAM’s press release therefore made it very clear that it intended to remain in that seat, stating: “Our bond and relationship with Roshan, who we consider an integral part of the SAM family remains very strong and we look forward to working even more closely with him and the rest of the team at Byju’s as we move forward.”
Coforge to acquire 60 pc stake in SLK Global for Rs 918 crore ANI | Updated: Apr 13, 2021 12:18 IST
Noida (Uttar Pradesh) [India], April 13 (ANI): IT solutions major Coforge has signed definitive agreements to acquire 60 per cent stake in SLK Global Solutions for Rs 918 crore.
With this, SLK Global s founder Fifth Third Bank will be reduced to 40 per cent. Coforge said it will acquire another 20 per cent from Fifth Third Bank after two years.
The transaction is being funded by Coforge with a combination of internal accruals and external borrowings.
SLK Global is a business process transformation firm offering digital solutions for financial services industry. It has deep domain expertise in the banking and insurance segments in North America.