Finance Firms

ICRA upgrades outlook on infra finance firms to 'positive' from 'stable'

Rating agency cites sector's improved solvency profile, loan book growth and earnings

Billionaire Anil Agarwal struggles to get backers for $19 billion chip unit

Investors to whom Agarwal pitched the plan raised concerns about the group's limited experience in the sector, say people aware of the development

Credit Suisse's shares need 'clarity' to halt slump, says JPMorgan

While the bank continues to get buffeted by negative newsflow on uncertainty over its strategy, clarity on its restructuring plans can help to restore stability, wrote expert in a note

We back companies where tech is an enabler, not the hero: C4D Partners CEO

Our crucial thesis is that the business model is woven around a societal problem, said CEO Agarwal

Spandana Sphoorty Financial delays Q2 results due to flux in management

Its stock closed 1.9 per cent down at Rs 524.15 per share on BSE

Ease information disclosure norms for privately placed NCDs: FIDC

At present SEBI rules require standalone financial information for at least last three years and auditor qualifications from the entity seeking to issue NCDs

New framework to bail out stressed financial companies likely today

Sources said the regulators would identify the companies that would come under the new mechanism and require a lifeline

Cold currency war between major trading blocs flaring up again, says Pimco

Major central banks may not be the only ones in the cold currency war, according to Fels, who noted expectations for lower rates in South Korea, Indonesia, Chile and South Africa this week

Brexit: Finance firms need freedom to choose location

Britain, EU in a position to preserve free trade for financial services, says UK FCA chief executive