UBS initiated coverage on power financiers like REC Ltd. and Power Finance Corp. with a ‘buy’ rating, given India’s high growth in renewable power generation and infrastructure capital expenditure. The brokerage views Power Finance Corp. and REC as financiers of high-growth renewable power generation and infrastructure capex in India and not as traditional power capex
Recent research report by the Reserve Bank of India highlighted the severe economic implications of climate change on the Indian economy. The study observed that climate-related risks could significantly impact agricultural productivity, financial stability, and overall economic growth. It emphasised the necessity for immediate and substantial investments in climate-resilient infrastructure and technologies. Furthermore, the RBI
An empty tub of ice-cream in the fridge on the night you ate salad for dinner. Heavy feeling in your heart after you spent a little much, complaining you don’t treat yourself. A greasy feeling after devouring a cheat meal after a full week of working out and eating clean. The worry that engulfs you
Banks are seeking relaxations on the Reserve Bank of India’s draft regulations that would require setting aside higher provisioning for the financing of infrastructure projects, according to bank officials. On May 3, the central bank proposed that banks be required to increase provisions to 5% of the loan amount disbursed for projects in the construction