Latest news with #SubhomoyBhattacharjee
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Business Standard
6 days ago
- Business
- Business Standard
Big NBFCs raise billions as credit boom brews, RBI watches with interest
Flush with parent backing and top credit ratings, India's largest NBFCs are raising record sums without chasing bank licences, as they prepare for a fresh wave of private sector credit demand Subhomoy Bhattacharjee New Delhi Listen to This Article Tata Capital this week filed plans with the regulator to raise Rs 17,200 crore from the market, making it one of the largest ever in the country's financial sector. Next door, Jio Financial Services plans to raise a comparable Rs 15,830 crore through a sale of shares to its founder Reliance Industries. Around them, other financial sector companies, or NBFCs, have also begun raising strong tranches of capital. HDB Financial Services, with promoter HDFC Bank, for instance, has raised about the same — Rs 12,500 crore or about $1.5 billion. There are more. A diverse range of companies including vehicle
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Business Standard
29-07-2025
- Business
- Business Standard
Urban projects expand, but private investment continues to remain elusive
Despite the clear pace of growth of cities in India, the ability of the city managers to track private investment is slow Subhomoy Bhattacharjee New Delhi Listen to This Article Four years since the Narendra Modi government invited the private sector to invest in India's urbanisation, a considerable amount of money — Rs 1.64 trillion — has got invested in just the Smart Cities programme. None of it has, however, emanated from the private sector. Not that the cities are not trying. Of the little that has come in, the most prominent is that of the Adani Group to redevelop the Dharavi slums in Mumbai. The bid was for Rs 5,069 crore for putting in upward of Rs 25,000 crore to rework the 600-acre land. The newly elected Delhi government
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Business Standard
08-07-2025
- Business
- Business Standard
India's ambitious energy stack takes shape, but faces legacy hurdles
The core of the India Energy Stack is to make energy pay for itself by a constant exchange of data between governments, the private sector, and consumers, but chronic problems of bad pricing remain Subhomoy Bhattacharjee New Delhi Listen to This Article India's power sector has not taken kindly to innovation, in so far as it relates to enforcing efficiency and reducing costs. Despite an impressive national grid, a growing renewable energy (RE) footprint, and plans to make India a hub for cross border electricity supply, chronic old problems of badly-set electricity prices leading to financial weakness in the power distribution companies refuse to go away. This makes the power ministry's latest plan unveiled last week to set up an India Energy Stack (IES) an interesting proposition. At the heart of this ambitious plan is to make energy pay for itself by
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Business Standard
01-07-2025
- Business
- Business Standard
Why is life insurance losing attraction a savings scheme for India's youth?
As life insurance loses share in households' financial savings, insurers are rushing to create new products, mostly in health insurance, to stay engaged with a younger demographic Subhomoy Bhattacharjee Delhi Listen to This Article A recent corporate presentation by the Life Insurance Corporation, India's largest insurer by value, highlighted a disconcerting issue facing insurance firms: that of how dimly millennials in India view the need for insurance. Not surprisingly, the share of life insurance in the incremental household financial savings of Indians has begun to dip after a brief surge following the Covid-19 pandemic. What's more, the decline in share comes at a time when the overall basket of incremental household financial savings is growing. Young people in India, it would seem, are simply not interested in buying long term insurance, reflecting a global
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Business Standard
20-05-2025
- Business
- Business Standard
North East sea-road link via Myanmar back in focus as ties with Dhaka fray
India looks to fast-track a long-pending multimodal corridor to the North East via Myanmar, bypassing Bangladesh, amid rising regional tensions and shifting geopolitical equations Subhomoy Bhattacharjee New Delhi Listen to This Article The Bill for the alternative way out of the North East using roads and a sea link, bypassing Bangladesh, could soar upward of Rs 20,000 crore, a government estimate shows. Even as there has been a lot of buzz about the project this week, this will be the third time in a decade the project will be revived. The project is, however, older and dates back to the term of the Atal Bihari Vajpayee-led NDA government. A Detailed Project Report for development of this corridor as a sea-cum-road link to the Northeastern states through Myanmar was prepared by project consultancy
