The number of Real Estate firms entering Bankruptcy proceedings have more than doubled this year to a total of 421 by the end of June itself. This slowdown has mainly been triggered by the fall of IL&FS, one of the leading NBFC's (Non - Baking Finance Companies) in the country (at that time), an event... Continue Reading →
RBI Policy Meet! Rates and GDP Forecast, Both Lowered.
In an expected announcement, the RBI today cut the Repo Rate further by 25 bps, a bit lower than the Street's expectations. This was the fifth consecutive rate cut by the Central Bank in a bid to tackle the slowdown India currently faces.This takes the rate cut tally to a total of 135 bps, which... Continue Reading →
The Financial Forum 