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The private lender had in 2022 first expressed its intent to acquire a MFI to meet priority sector lending (PSL) norms and to enter high margin business.
India's green energy and tech ambitions face hurdles due to its reliance on China for rare earth elements (REEs), crucial for EVs, electronics, and clean energy. Despite holding significant reserves, India's REE production is minimal co ...more
Amid global uncertainties, the RBI emphasizes India's strategic opportunity to strengthen trade ties, particularly with the upcoming UK FTA. Domestic economic activity remains steady, supported by a good kharif crop and strong services ...more
The proposal to acquire the stake from minority shareholders in an all cash deal is a strategic investment aimed at to expanding geographic footprint in South Africa, Natco said
India and the UK are poised to sign a free trade agreement, potentially unlocking significant tariff reductions and benefits for service sectors. The UK will grant duty-free access to 99% of Indian goods, boosting exports like textiles ...more
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