News

CFO’s Reading List

| Updated on November 10, 2019 Published on November 10, 2019

Representative image   -  Zephyr18

Missed all the corporate and policy news this week because you were buried under work? Here’s a curated list of BL’s top stories over the week under these sections.

Unexpected curb

RBI classifying foreign owned AMCs under indirect foreign investments may cap MF investments in several listed companies and sectors.

RBI circular on indirect foreign investments in India threatens a market sell-off

No project finance

ICICI Bank has quietly shuttered its project finance division citing the lack of demand for its loans.

Amid lacklustre demand from infra sector, ICICI Bank shuts project financing division

Backing out

Private insurers are backing off the Fasal Bima Yojana citing high reinsurance costs and other problems

Wary of crop segment, insurers run for cover

Mood shift

Moody’s, which was the first global rating agency to upgrade India’s rating outlook, has now changed it from

Stable to Negative, while retaining its ratings at Baa2. Moody’s changed its mind because of “lower

effectiveness of the Government and policy in addressing long-lasting structural and institutional weaknesses”

in India.

Moody’s cuts India outlook to ‘Negative’

Golden handshake

BSNL’s VRS for workers seems to be receiving good response with 50,000 of the 83,000 targeted employees

indicating their decision to opt out

Over 60,000 BSNL, MTNL employees opt for VRS

Even as Infosys Chairman Nandan Nilekani claimed that even God couldn’t change Infosys’ numbers, SEBI is

continuing with its probe into whistleblower allegations

Ask Almighty or Nilekani: SEBI chief on ‘even God can’t change numbers' remark

Opening up

The Centre may allow private players to procure bulk supplies from GeM, its electronic marketplace, where

government arms shop for goods and services.

GeM may allow private players to source from online platform, but only for bulk buying

Finally, don’t miss our package on the Ayodhya verdict

The Ayodhya Verdict

Compiled by Aarati Krishnan

Published on November 10, 2019
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